Quiznetik

Legal FrameWork for Co-operatives | Set 2

1. …………… is the head of administrative management and exercises over all control and supervision

Correct : A. president

2. The ………….. is the chief executive of the co-operative society.

Correct : D. secretary

3. The disposal of net profit of a co-operative society shall be made as per …..

Correct : B. section 56

4. An amount not less than ………… of net profit is to be transferred to the reserve fund.

Correct : B. 15%

5. An amount not exceeding ……… shall be paid to the co-operative education fund.

Correct : A. 5%

6. In the case of central society including a District Co-operative Bank an amount not exceeding ……….. of the paid up capital shall be used for dividend to its members.

Correct : D. 25%

7. . Every society has to pay to the government an audit fee within ….. … of the receipt of audit certificate.

Correct : A. one month

8. The audit fee is calculated on the basis of ………………….. of the societies on the last day of the co-operative year

Correct : C. working capital

9. ……………society is exempted from the payment of audit fees.

Correct : D. all of these

10. . An enquiry is held by the ……….. to enquire into the constitution, working and financial conditions of a society

Correct : C. registrar

11. . ….. is the determination of dispute by the decision of one or more person.

Correct : A. enquiry

12. . A liquidator is appointed to liquidate the society or to wind up the affairs of the society as per ……….

Correct : D. section 72

13. The Registrar shall make an order for the cancellation of the registration of the society under ……….

Correct : D. section 75