Question 1

Co-operative societies should be established by____________________.
A)Individuals
B)Capitalists
C)Members
D)None of the Above

Accepted Answer

Co-operative societies are established by members who come together to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.

Question 2

__________________is an economic system with a social content.
A)Cooperation
B)Socialism
C)Capitalism
D)None of the Above

Accepted Answer

A

Question 3

Rochdale's cooperative principles are _________________________.
A)Democratic Control
B)Open Membership
C)Spread Of Education
D)All of the Above

Accepted Answer

Rochdale's cooperative principles include Democratic Control, Open Membership, and Spread Of Education, among others, making "All of the Above" the correct choice.

Question 4

India has adopted a new open economic policy since_________________.
A)1991
B)1993
C)1995
D)1997

Accepted Answer

India adopted a new open economic policy in 1991, marking a significant shift towards liberalization, privatization, and globalization of the economy.

Question 5

Increasing the income level of people in developing countries means __________development.
A)Social
B)Political
C)Financial
D)None of the Above

Accepted Answer

Increasing the income level of people primarily relates to financial development, as it directly impacts the economic status and capabilities of individuals and the broader economy.

Question 6

Primary agricultural credit works at ___________________level.
A)District or State
B)Village or Taluka
C)State or Country
D)None of the Above

Accepted Answer

Primary agricultural credit works at the village or taluka level, providing financial services directly to farmers and rural areas for their immediate agricultural needs.

Question 7

The co-operative movement has become a tool for_________________ development.
A)Rural
B)Semi-Urban
C)Urban
D)None of the Above

Accepted Answer

The co-operative movement is primarily aimed at rural development, focusing on the empowerment and upliftment of rural communities through collective efforts and shared resources.

Question 8

The co-operative movement is a way to eliminate _________________ inequality in the society.
A)Urban
B)Rural
C)Economic
D)Political

Accepted Answer

The cooperative movement is primarily aimed at reducing economic inequality by enabling collective ownership and democratic management of businesses and resources, thus distributing economic benefits more equitably among members.

Question 9

Mr. Shivajirao Patil Committee submitted its report to the Government in _________.
A)2003
B)2005
C)2007
D)2009

Accepted Answer

The answer of Mr. Shivajirao Patil Committee submitted its report...

Question 10

In India, the Co-operation Act was passed in the year________________.
A)1901
B)1904
C)1903
D)1902

Accepted Answer

The Co-operative Societies Act was passed in 1904 in India to enable the formation of cooperatives for the promotion of thrift, self-help, and mutual aid among agriculturists, artisans, and persons of limited means.

Question 11

The first central bank in India was set up in _____________________ during 1906.
A)Uttar Pradesh
B)Maharashtra
C)Gujarat
D)Karnataka

Accepted Answer

The answer of The first central bank in India was...

Question 12

State Co-operative Bank operates at ____________________ level.
A)Village
B)Taluka
C)District
D)State

Accepted Answer

State Co-operative Banks operate at the state level, serving as the apex banking institutions in the co-operative banking structure within a state. They play a crucial role in providing financial support and services to the district and primary cooperative banks within their jurisdiction.

Question 13

Agriculture and Rural Development Banks are also called as ________________.
A)Cooperative Banks
B)Government Banks
C)Urban Banks
D)Land Development Banks

Accepted Answer

Agriculture and Rural Development Banks are specifically designed to meet the financial needs of the agricultural sector and rural development, making them distinct from general cooperative, government, or urban banks. They are often referred to as Land Development Banks because their primary focus is on providing long-term financing for land development and agricultural projects.

Question 14

70% of the total population of India is dependent on _____________for employment.
A)Trade
B)Industry
C)Agriculture
D)Service Sector

Accepted Answer

A significant portion of India's population relies on agriculture for employment, making it a key sector for livelihood in the country.

Question 15

Labour Cooperative Society can be established in________________ areas.
A)District or State
B)State or Central
C)Rural or Urban
D)None of the Above

Accepted Answer

Labour Cooperative Societies can be established in both rural and urban areas, as they are designed to serve the needs of their members in various locations without restriction to a specific geographical area.

Question 16

The Bank Regulation Act was enacted for civil co-operative banks from __________.
A)1956
B)1966
C)1977
D)1988

Accepted Answer

The Bank Regulation Act was enacted for civil co-operative banks in 1966. This act was designed to provide a framework for the regulation and supervision of cooperative banks in India, ensuring their safe and efficient operation.

Question 17

The Industrial Committee of 1918 was suggested that Domestic and Cottage Industries should be established on _______________principle.
A)Cooperative
B)Government
C)Individual
D)Private

Accepted Answer

The answer of The Industrial Committee of 1918 was suggested...

Question 18

Bangalore City Co-operative Credit Society was established in__________________.
A)Mumbai
B)Madras
C)Calcutta
D)Bangalore

Accepted Answer

The Bangalore City Co-operative Credit Society was established in Bangalore, as indicated by its name.

Question 19

The father of co-operation is _____________________.
A)Robert Owen
B)Edworth
C)Pandit Nehru
D)Rajiv Gandhi

Accepted Answer

Robert Owen is considered the father of the cooperative movement due to his efforts in promoting the idea of cooperatives as a way to improve working conditions and social standards for workers during the early 19th century.

Question 20

The origin of cooperation is ___________________.
A)Germany
B)Japan
C)England
D)India

Accepted Answer

The cooperative movement originated in England in the early 19th century with the establishment of the Rochdale Society of Equitable Pioneers in 1844.

Quiz 3: Co-Operative Societies and Economic Development in India

Co-operative societies should be established by____________________.

__________________is an economic system with a social content.

Rochdale's cooperative principles are _________________________.

India has adopted a new open economic policy since_________________.

Increasing the income level of people in developing countries means __________development.

Primary agricultural credit works at ___________________level.

The co-operative movement has become a tool for_________________ development.

The co-operative movement is a way to eliminate _________________ inequality in the society.

Mr. Shivajirao Patil Committee submitted its report to the Government in _________.

In India, the Co-operation Act was passed in the year________________.

The first central bank in India was set up in _____________________ during 1906.

State Co-operative Bank operates at ____________________ level.

Agriculture and Rural Development Banks are also called as ________________.

70% of the total population of India is dependent on _____________for employment.

Labour Cooperative Society can be established in________________ areas.

The Bank Regulation Act was enacted for civil co-operative banks from __________.

The Industrial Committee of 1918 was suggested that Domestic and Cottage Industries should be established on _______________principle.

Bangalore City Co-operative Credit Society was established in__________________.

The father of co-operation is _____________________.

The origin of cooperation is ___________________.