Top 150+ Solved Legal Environment for Co-operatives MCQ Questions Answer
Q. Section ____ of KCS Act states that Co-op society can be registered with limited Liability?
a. sec. 5
b. sec. 6
c. se 4
d. sec.7
Q. _______ is the monthly publication of the Co-operative Department in Kerala.
a. kerala co-operative journal
b. sahakarana veedhi
c. paraspara sahay
d. sahakarana prabhodhini
Q. The resignation letter from a member of the Managing Committee of a society can beaccepted or rejected by ___________.
a. president
b. registrar
c. managing committee
d. general body
Q. Audit classification helps to guage the _______ of a society.
a. financial stability
b. profitability
c. general working
d. liquidity
Q. Disposal of net profit of Co-operative societies shall be made as per section _____.
a. 58
b. 56
c. 57
d. 55
Q. Sec 28AB of KCS Act 1969 deals with ______
a. election and removal of president, vice president
b. state co-operative election commission
c. annual general body meeting
d. special general body meeting
Q. A Central society shall utilize the Subsidiary State Partnership Fund for the purpose of_____.
a. purchasing shares in primary societies
b. making payments to apex society
c. all of these
d. none of these
Q. An apex society shall utilize Principal State Partnership Fund for the purpose of _______.
a. directly purchasing shares in other societies with limited liability
b. providing moneys to central society to enable them to purchase shares in other societies
c. making payments to the government in accordance with provisions of kcs act
d. all of these
Q. Annual General body meeting of a Co-operative Society shall be held
a. within one year
b. within six months of close of the year
c. within 6 months of closing of the financial year
d. within 3 months on getting the audit report
Q. The accounts of a Co-operative Society should be audited within _______ of the close of thefinancial year.
a. six months
b. one year
c. two years
d. the period as mentioned in the byelaw
Q. The member of a Co-operative Society have
a. limited liability
b. unlimited liability
c. joint and several liability
d. joint liability
Q. Apex Society means
a. state level society
b. district level society
c. village level society
d. national level society
Q. The basic principle of a Co-operative Society is
a. one share one vote
b. one member one vote
c. proxy vote
d. open votes