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Types of Cooperative Societies

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

In India, the Co-operative Societies Act was passed in which year?

a)

1919

b)

1949

c)

1904

d)

1912

2.

The members of a Co-operative Society have

a)

Unlimited liability

b)

Limited liability

c)

Joint and Several liability

d)

Joint liability

3.

Co-operatives in India follow this type of organisation structure

a)

Centralized Structure

b)

Decentralized Structure

c)

Unitary Structure

d)

Federal Structure

4.

For Co-operative Credit Societies, the interest rate for deposits are fixed by:

a)

Registrar

b)

Government

c)

General Body

d)

RBI

5.

In a Co-operative Society, admission of members and allocation of shares is done by

a)

Secretary

b)

Managing Committee

c)

President

d)

General Body

6.

The Urban Credit Cooperatives are also known as

a)

National Banks

b)

Urban Cooperative Banks

c)

Cooperative Banks

d)

None of the Above

7.

The principle followed in a co-operative society is

a)

No Vote

b)

One man, one vote

c)

Multiple votes

d)

One share one vote

8.

Cooperative banks that fall under the banking regulation act of 1949 are controlled by.

a)

NABARD

b)

National Cooperative Union of India

c)

Reserve Bank of India

d)

None of the above

9.

Apex Society represents

a)

Village level

b)

District level

c)

State level

d)

National level

10.

Co-operative movement first started in

a)

England

b)

France

c)

Spain

d)

Germany