KOOP QUIZ BEE #1

What is the sole government agency mandated to register all types of cooperatives in the Philippines?

• Securities and Exchange Commission (SEC)

• Department of Trade and Industry (DTI)

• Cooperative Development Authority (CDA)

• Bangko Sentral ng Pilipinas (BSP)

Which type of cooperative is primarily engaged in procuring and distributing commodities to its members and non-members?

• Credit Cooperative

• Producers Cooperative

• Service Cooperative

• Consumer Cooperative

A cooperative formed by farmers to jointly process their raw sugarcane into finished sugar for sale is an example of what type of cooperative?

• Marketing Cooperative

• Producers Cooperative

• Agrarian Reform Cooperative

• Multi-Purpose Cooperative

According to the Cooperative Code, what is the minimum number of persons required to organize a primary cooperative?

• 5

• 10

• 15

• 25

What is the document that contains the rules and regulations governing the internal operation of a cooperative?

• Articles of Cooperation

• Economic Survey

• By-Laws

• Treasurer's Affidavit

A cooperative that combines two or more business activities, such as providing credit and also marketing members' products, is called a:

• Service Cooperative

• Multi-Purpose Cooperative

• Secondary Cooperative

• Producers Cooperative

In terms of membership, what is a cooperative called if its members are natural persons?

• Primary

• Secondary

• Tertiary

• Federation

What is the key difference between a regular member and an associate member of a cooperative?

• Regular members pay more capital.

• Associate members cannot patronize the co-op's services.

• Regular members have the right to vote and be voted upon.

• Associate members are not required to complete the PMES.

What is the purpose of the 'Economic Survey' during the organization of a cooperative?

• To list all the assets of the members.

• To serve as the final registration certificate.

• To describe the structure, purposes, and area of operation of the proposed cooperative.

• To outline the rules and regulations of the cooperative's daily operations.

A cooperative organized by minors and affiliated with a registered cooperative is known as a:

• Primary Cooperative

• Advocacy Cooperative

• Education Cooperative

• Laboratory Cooperative