Co-operative Management and Administration | Set 1
1. A ……………………. institution is a voluntary association of independent economic units,
organized, capitalized and run by, and for its members, providing and/or marketing goods and services on cost-to-cost basis to their members.
Correct : A. cooperative
2. …………………… movement can be an important instrument in furthering the socialist
progress.
Correct : A. cooperative
3. ……………… is, “a form of organisation wherein persons voluntarily associate together as
human beings on a basis of equality for the promotion of economic interest of themselves”.
Correct : A. cooperation
4. …………… is nothing but “self-help made effective by organisation.”
Correct : A. cooperation
5. A…………………… has been defined as an “economic and social organisation of the working
people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”.
Correct : A. cooperative organisation
6. In the words of …………………, cooperation is, “a form of organisation wherein persons
voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves”
Correct : A. h. calvert
7. According to …………….Herrick, it is “the act of poor persons voluntarily united for utilizing
reciprocally their own forces, resources or both, under their mutual management to their common profit or loss”.
Correct : A. herrick
8. In the words of Horrace Plunkett, it is nothing but “self-help made effective by organisation.”
Correct : A. horrace plunkett
9. ……………………..eliminates the employers and provides independence to the workers.
Correct : A. cooperation
10. A …………………….society is a union of weak and needy individuals who have equal rights
and has one vote irrespective of the number of shares held by him.
Correct : A. cooperative
11. …………….determines where the organization is going and how it will get there.
Correct : A. planning
12. ………………….. sets organizational objectives and goals, forecasts the environment in which objectives must be accomplished, and determines the approach by which objectives and goals are to be accomplished.
Correct : A. planning
13. …………………is used to determine a policy and the procedures for putting it into effect.
Correct : A. planning
14. ………………..helps a manager shape the future of the organization rather than being caught
in an endless trap of reacting only to current crises or problems.
Correct : A. planning
15. ………………is concerned with determining the specific activities needed to accomplish the
planned objectives and goals.
Correct : B. organizing
16. ………...........is concerned with grouping the activities into a logical pattern, framework, or
structure.
Correct : B. organizing
17. ……………..is concerned with assigning the activities to specific positions and people; and
providing means for coordinating the efforts of individuals and groups.
Correct : B. organizing
18. Organizing is a bridge connecting the planned objectives to specific projects for accomplishing
these objectives.
Correct : B. organizing
19. ………………..through motivation concerns the people side of the organization.
Correct : C. directing/motivating
20. Managers must have leadership skills and be effective communicators for ………….function.
Correct : C. directing/motivating
21. In ……………………, management monitors the progress of plannedactivities. If progress is
lagging, necessary adjustments are made.
Correct : D. controlling
22. ………………..is the checkup part of a manager’s job.
Correct : D. controlling
23. In the ………………….the board of directors reports to membership, reviewing the past
business year and the year’s financial statements.
Correct : A. annual general meeting
24. In the …………….the board seeks approval of its recommendations for surplus allocation.
Correct : A. annual general meeting
25. In the ……………………the Business plan and budgets for the coming year are presented for
discussion and approval.
Correct : A. annual general meeting
26. In the ………………an auditor is appointed.
Correct : A. annual general meeting
27. In the ……………….membership elects a new board.
Correct : A. annual general meeting
28. In the …………………the manager(s) reports to the board, which in turn provides direction to
the manager(s).
Correct : B. board of directors meeting
29. The key function of……………………..is for the board to hold those in charge of making
decisions on behalf of the cooperative society accountable for the outcomes of those decisions.
Correct : B. board of directors meeting
30. The…………would also include evaluating the organizational structure used to take decisions
by the managers.
Correct : B. board of directors meeting
31. In the ……………..the board evaluates the cooperative society’s financial position to determine whether or not the budgeted objectives are being met and what actions should be taken to improve the situation.
Correct : B. board of directors meeting
32. In the ……………the board makes or changes policies as required, or recommends a policy to
the membership if only the membership has the authority in a particular area.
Correct : B. board of directors meeting
33. In the ……………….the Board members discuss long-term goals and strategy and ensure that
a good planning process is in place to guide the cooperative society in the coming year(s).
Correct : B. board of directors meeting
34. In the ……………..the board approves new members or terminates a person’s membership.
Correct : B. board of directors meeting
35. In the …………..consultation and decision-making about daily activities takes place between
members and management.
Correct : B. board of directors meeting
36. In ……………………who participates, will vary from co-operative to co-operative depending
upon the organizational structures that have been approved by the membership and/or the board of directors.
Correct : B. board of directors meeting
37. An ……………………………convenes once a year on a date fixed by the bylaws of the cooperative but, not later than three months after the end of the financial year.
Correct : A. annual general meeting
38. The …………………. takes place only once.
Correct : D. inaugural general meeting
39. The …………….will approve the financial, social, and development plans for the following
year.
Correct : A. annual general meeting
40. The……………..will elect the managerial units of the cooperative and the control committee
for the following year.
Correct : A. annual general meeting
41. The ……………….will fix the authorized maximum amount of debts that the cooperative
society may contract with any credit supply organization.
Correct : A. annual general meeting
42. The…………………..meeting will be called only when amendments to the bylaw is required.
Correct : D. extraordinary general meeting
43. The………………….. meeting will be called only when the cooperative is to be dissolved.
Correct : D. extraordinary general meeting
44. In the ……………………….,decisions thereof require a special majority of all the members
present at the meeting.
Correct : D. extraordinary general meeting
45. ……………… may be called at any time during the year whenever necessary.
Correct : D. special or ordinary general meetings
46. ………………………may be summoned at the insistence of the management committee, the audit or the control committee, the registrar of cooperatives, or at the request of at least ten percent (10%) of all the members of the cooperative.
Correct : A. special or ordinary general meetings
47. A quorum for a meeting should be one person more than …………….of all members of the
cooperative.
Correct : C. 50%
48. If there is no quorum the meeting will be postponed to no earlier than …………. hour later,
and no more than one month later.
Correct : A. one
49. Where it is possible written notice must be sent to all members at their official addresses at
least ………………………prior to annual and extraordinary general meetings
Correct : A. one month
50. Arrange the following in proper order.
1. Step 4 Select the best alternative. 2. Identifying/clarifying the decision to be made. 3. Step 6 Evaluating the decision 4. Step 3 Gathering/processing information and Analyze the alternatives 5. Step 5 Making/implementing the decision 6. 2 Identifying possible decision options.
Correct : D. 2,6,4,1,5,3
51. While evaluating the alternative decisions, a Manager has to check whether it can be done?
That is the ……………….
Correct : A. feasibility
52. While evaluating the alternative decisions, a Manager has to check how well does it resolve the
problem? That is the ……………….
Correct : B. effectiveness
53. While evaluating the alternative decisions, a Manager has to check what will be its costs (financial and nonfinancial) to the organization? That is the ……………….
Correct : C. consequences
54. A committee on cooperative education and training was formed in 1935 under the
Chairmanship ……………………
Correct : A. sir malcom darling
55. This Committee is considered as the first committee which recommended for a planned
programme as a systematic approach on co-operative education and training.
Correct : A. sir malcom darling
56. …………………………………………… was established as per the recommendations of
Swaminathan Committee of 1973 on 1st July 1976 with its headquarters in New Delhi.
Correct : A. national council for cooperative training
57. Anational level cooperative union The ………….was organized in 1949 by amalgamating the
All India Cooperative Institutes Association of 1928 and Indian Provincial Banks Association of 1949.
Correct : C. national cooperative union of india
58. NCCT stands for……………..
Correct : B. national council for co-operative training
59. NCUI stands for………………
Correct : A. national cooperative union of india
60. ………………………..has a 3 tier system of cooperative training consisting of, VAMNICOM
at the apex level, Institute of Cooperative Management (ICM)/co-operative training colleges at the middle level and subordinate training centres or Junior Training Centres at lower level.
Correct : A. national council for cooperative training
61. The President of NCUI shall be the Chairman of ……………….
Correct : A. ncct
62. The Chief Executive of NCUI shall be the Director General of …………..
Correct : C. ncct
63. The ……………..is in overall charge of planning and coordination in the entire training
programme on cooperation in the country.
Correct : C. ncct
64. NCCT has ………………at the apex level.
Correct : A. vamnicom
65. NCCT has ………………at the middle level.
Correct : B. institute of cooperative management (icm)/co-operative training colleges
66. NCCT has ………………at the lower level.
Correct : B. junior training centres
67. …………….committee suggested that Education and training programme should be separated.
Correct : D. swaminathan committee
68. In 1956 a centre was started in New Delhi as a subsidiary to NCUI for providing education and
training to the trainers or teachers of cooperation known as ………………….
Correct : D. the national centre for cooperative education
69. ………………is publishing two monthly magazines by name “The Cooperator” and “The
Indian Cooperative Review”.
Correct : C. national cooperative union of india
70. ………………..was a combination of three erstwhile cooperative institutes namely Cochin
Cooperative Institute of 1930, North Malabar Cooperative Union of 1932 and Travancore Cooperative Institute of 1947.
Correct : A. kerala state cooperative union
71. What is NCUI to India is the ……………………….. to Kerala.
Correct : A. kerala state cooperative union
72. The name of the magazine published by Kerala State Cooperative Union
is……………….
Correct : A. “the cooperative journal”
73. National Cooperative Union of India is publishing two monthly magazines by name ………………………..
Correct : A. “the cooperator” and “the indian cooperative review”
74. The name of the magazine published by …………………is “The Cooperative Journal”
Correct : D. national cooperative union of india
75. ………………… is a Post Graduate Diploma Course in cooperation of 11 months duration
including two months practical training.
Correct : A. h.d.c
76. The minimum qualification for education to the HDC course is a …………………
Correct : A. university degree.
77. H.D.C is a ………………………….in cooperation of 11 months duration including two
months practical training.
Correct : B. post graduate diploma course
78. The minimum qualification for education to the ………………..course is a University Degree.
Correct : A. h.d.c
79. ……………………. is the art of recording all the business transactions in the books of account
and is mainly related to books of original entry as well as the ledger.
Correct : A. bookkeeping
80. ………………… is mainly concerned with the summary and analysis of the record furnished
by Bookkeeping.
Correct : A. accountancy
81. Every society shall maintain …………………for recording the proceedings of the general
body.
Correct : A. minutes book
82. Every society shall maintain …………………for recording the applications for membership
containing the name and address of the applicant.
Correct : B. share application register
83. Every society shall maintain …………………for recording the applications for
membership,the number of shares applied for and in case of refusal, the date of communication of the decision refusing admission to the applicant.
Correct : B. share application register
84. ……………is a Register, showing the name and address of each member, the date of
admission, the shares taken by him and the amount of share capital, if any refunded to him together with the date of each such payment and refund.
Correct : C. admission register
85. Every society shall maintain ……………….. , showing daily receipts and expenditure, and the
balance at the end of each day.
Correct : B. cash book
86. Every society shall maintain ……………….. , containing all vouchers for contingent
expenditure incurred by the society, numbered serially and filed chronologically
Correct : A. voucher file
87. Every society shall maintain………………..,showing deposits and other borrowings of all
kinds.
Correct : B. ledger of borrowing
88. In the case of a society, the working capital of which exceeds twenty thousand rupees, ……………………………..showing receipts and disbursements and the outstanding under
various heads from day to dayis maintained.
Correct : A. general ledger
89. In the case of issuing loans, …………………………., showing the number and date of
disbursement of each loan issued to members the amount of loan, the purpose for which it is granted and the date or dates of repayment, distinguishing principal and interest
Correct : A. loan ledger
90. Every society shall maintain ……………….. showing the indebtedness of each member to the society whether on account of loan taken directly by him or on account of loan which he stands as surety.
Correct : A. liability register
91. In the case of a society with unlimited liability, property statement of members showing the
assets and liabilities of each individual member on the date of his admission with full details of the property including the survey number of the lands, is kept in ………………………..
Correct : D. register of declaration
92. Every co-operative society shall maintain accounts and book for the purpose of recording
business transactions by it and close them every year on …………………
Correct : B. 31st march, by the 30th april.
93. Every balance sheet of a co-operative society shall give …………………… view of the state
of affairs of the society as at the end of the Co-operative year.
Correct : A. a true and fair
94. Every Co-operative society shall submit to the …………………..annually within April each
year a copy of each of the statements specified in the act.
Correct : D. registrar
95. A statement which contains a classified summary or list of all closing balances of the General
Ledger is known as the ………………….
Correct : C. trial balance
96. If the totals of two sides of trial balances agree, normally it signifies the ………………. of the
accounts.
Correct : C. arithmetical accuracy
97. The odd one out in the following is…………………….
Correct : D. cost of goods purchased
98. The odd one out in the following is…………………….
Correct : D. value of closing stock.
99. ……………..is not shown in Manufacturing Account.
Correct : B. interest paid and due
100. Cost of goods purchased, Net sale proceeds, Value of closing stock are shown
in……………….