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Cooperative bank Quiz

Total questions: 104

Worksheet time: 52mins

Name
Class
Date
1.

Which of the following existed in India even before formal cooperative laws were enacted?

a)

Nationalized Banks

b)

Regional Rural Banks

c)

Chit Funds and Bhishies

d)

Scheduled Commercial Banks

2.

The "Phads" and "Lanas" were early examples of:

a)

Dairy cooperatives

b)

Agricultural cooperation

c)

Housing societies

d)

Industrial cooperatives

3.

The main cause behind the demand for agricultural banks in the late 19th century was:

a)

Increase in exports

b)

Rural indebtedness and agricultural distress

c)

Urban unemployment

d)

Decrease in land prices

4.

Which commission in 1901 recommended the establishment of rural agricultural banks?

a)

Hunter Commission

b)

Famine Commission

c)

Royal Commission on Agriculture

d)

Banking Commission

5.

The Cooperative Credit Societies Act was passed in:

a)

1902

b)

1906

c)

1904

d)

1912

6.

Which act allowed for the registration of non-credit cooperatives and federations?

a)

Cooperative Credit Societies Act, 1904

b)

Cooperative Societies Act, 1912

c)

Bombay Cooperative Act, 1925

d)

MSCS Act, 1984

7.

The Maclagen Committee (1914) emphasized:

a)

Privatization of cooperatives

b)

Reducing the number of cooperatives

c)

A three-tier cooperative credit structure

d)

Centralization of cooperative management

8.

The Government of India Act, 1919, made Cooperation a:

a)

Central subject

b)

Provincial subject

c)

Concurrent subject

d)

Union subject

9.

Which principle was introduced by the Bombay Cooperative Societies Act, 1925?

a)

Double voting

b)

Compulsory savings

c)

One-man one-vote

d)

Profit maximization

10.

The Multi-Unit Cooperative Societies Act was passed in:

a)

1940

b)

1942

c)

1945

d)

1951

11.

Which institution was established in 1934 with an Agricultural Credit Department?

a)

NABARD

b)

Reserve Bank of India

c)

SBI

d)

NCDC

12.

The Mehta Committee (1937) recommended the conversion of credit societies into:

a)

Industrial cooperatives

b)

Multi-purpose cooperatives

c)

Regional banks

d)

Housing cooperatives

13.

The Cooperative Planning Committee was chaired by:

a)

M.G. Ranade

b)

R.G. Saraiya

c)

C.D. Deshmukh

d)

L.K. Jha

14.

The All India Rural Credit Survey Committee (1951) is also known as:

a)

Alagh Committee

b)

Gorwala Committee

c)

Khusro Committee

d)

Rangarajan Committee

15.

Which major bank was created based on recommendations of the Gorwala Committee?

a)

Bank of Baroda

b)

State Bank of India

c)

NABARD

d)

Indian Bank

16.

The National Cooperative Development Corporation (NCDC) was set up in:

a)

1962

b)

1963

c)

1965

d)

1967

17.

Which institute was set up in 1967 for cooperative management training?

a)

IRMA

b)

Vaikunth Mehta National Institute of Cooperative Management

c)

NDDB

d)

ICAR

18.

The Fifth Five-Year Plan focused on:

a)

Export subsidies

b)

Regional imbalance correction and upliftment of underprivileged

c)

Import licensing

d)

Wealth tax reforms

19.

The RBI brought Urban Cooperative Credit Societies under regulation in:

a)

1964

b)

1966

c)

1970

d)

1972

20.

Which act established NABARD to refinance cooperative banks?

a)

Banking Regulation Act, 1949

b)

NABARD Act, 1981

c)

NCDC Act, 1963

d)

Companies Act, 2002

21.

The Multi-State Cooperative Societies Act, 1984 aimed to:

a)

Abolish credit cooperatives

b)

Regulate multi-state cooperative societies

c)

Privatize dairy cooperatives

d)

Establish chit funds

22.

The Model Cooperatives Act (1990) was proposed by the:

a)

Vaidyanathan Committee

b)

Choudhary Brahm Perkash Committee

c)

Y.K. Alagh Committee

d)

Gorwala Committee

23.

Which of the following states enacted parallel cooperative legislation?

a)

Gujarat only

b)

Delhi and Punjab

c)

Andhra Pradesh, Karnataka, MP, Orissa, and others

d)

Only northeastern states

24.

The Multi-State Cooperative Societies Act, 2002 replaced which earlier act?

a)

Model Cooperatives Act

b)

MSCS Act, 1984

c)

Banking Regulation Act

d)

Companies Act

25.

Which committee recommended financial restructuring of cooperative credit institutions in 2004?

a)

Khusro Committee

b)

Vaidyanathan Committee

c)

Alagh Committee

d)

Narasimham Committee

26.

Who chaired the Committee on Cooperative Education and Training in Bombay?

a)

Sardar Patel

b)

Sir Janardan Madan

c)

Dr. Y.K. Alagh

d)

A.M. Khusro

27.

Which committee recommended linking credit with marketing cooperatives?

a)

Alagh Committee

b)

Mehta Committee (1937)

c)

Mirdha Committee

d)

Vaidyanathan Committee

28.

Which cooperative was registered in 1946 and later became famous as Amul?

a)

Gujarat Milk Union

b)

Khera District Cooperative Milk Producers' Union

c)

Anand Dairy Cooperative

d)

Bombay Milk Union

29.

What was the main aim of the Cooperative Planning Committee (1945)?

a)

Land reform

b)

Democratizing economic planning through cooperatives

c)

Nationalizing banks

d)

Creating export zones

30.

Which Five-Year Plan emphasized the reorganization of Primary Agricultural Credit Societies?

a)

First

b)

Third

c)

Sixth

d)

Seventh

31.

The Industrial Policy Resolution of 1956 emphasized:

a)

Disbanding of cooperatives

b)

State assistance to cooperatives

c)

Nationalization of cooperatives

d)

Export liberalization

32.

The National Agricultural Credit (Long-term Operations) Fund was established in which plan?

a)

First Five-Year Plan

b)

Second Five-Year Plan

c)

Third Five-Year Plan

d)

Fourth Five-Year Plan

33.

The National Cooperative Development Fund was created to support:

a)

Housing

b)

Health

c)

Non-credit cooperative institutions

d)

Export units

34.

Which Act brought cooperative banks under selective RBI and Banking Regulation Act provisions?

a)

Cooperative Societies Act

b)

Banking Regulation (Amendment) Act, 1966

c)

RBI Act, 1934

d)

NABARD Act

35.

Which national dairy institution replicated the Anand Pattern of cooperatives?

a)

IRMA

b)

NDDB (National Dairy Development Board)

c)

NCDC

d)

AMUL

36.

The Mirdha Committee (1965) focused on:

a)

Farmer suicides

b)

Urban cooperatives

c)

Genuineness and democratization of cooperatives

d)

Industrial licensing

37.

Which institution was created to provide long-term loans to cooperatives in 1962?

a)

Agricultural Refinance Corporation

b)

NABARD

c)

State Bank of India

d)

NDDB

38.

What was the main recommendation of the Ardhanareeswaran Committee (1985)?

a)

Closing urban cooperatives

b)

Enhancing democratic character in State Cooperative Acts

c)

Privatization of cooperatives

d)

Formation of SHGs

39.

What major change did the Companies Amendment Act, 2002 introduce?

a)

Cooperative banks under SEBI

b)

Dairy unions as companies

c)

Producer Companies under Part IXA

d)

Closing of parallel cooperatives

40.

The Choudhary Brahm Perkash Committee emphasized:

a)

Removing RBI oversight

b)

Self-managed and self-reliant cooperatives

c)

Reducing cooperative staff

d)

Promoting urban-only cooperatives

41.

The Vaidyanathan Committee report (2004) dealt with:

a)

Urban credit

b)

Revival of rural cooperative credit institutions

c)

Export financing

d)

Foreign bank licensing

42.

Parallel Cooperative Legislation is mostly based on the:

a)

1962 ARC Report

b)

Model Cooperatives Act (1990)

c)

Mirdha Report

d)

NDDB Guidelines

43.

Which Five-Year Plan first gave cooperatives a central role in rural development?

a)

First (1951-56)

b)

Second

c)

Third

d)

Fourth

44.

The National Cooperative Policy of 2002 aimed to ensure cooperatives are:

a)

Government-managed

b)

Autonomous and democratically managed

c)

Export-driven

d)

Privately funded

45.

Which organization regulates training for cooperative personnel in India?

a)

NDDB

b)

Central Committee for Cooperative Training (1953)

c)

NABARD

d)

State Panchayats

46.

The Cooperative Societies Act in India was passed in which year?

a)

1904

b)

1912

c)

1935

d)

1949

47.

The Cooperative Societies Act of 1912 was important because it-

a)

Introduced NABARD

b)

Allowed formation of non-credit cooperatives

c)

Abolished cooperative banks

d)

Introduced Reserve Bank of India

48.

Which committee is considered a landmark for recommending cooperative credit reforms in India?

a)

Narasimham Committee

b)

Maclagan Committee (1915)

c)

Rangarajan Committee

d)

Gadgil Committee

49.

Which year marked the establishment of the first cooperative credit society in India?

a)

1889

b)

1892

c)

1904

d)

1912

50.

Cooperative banks in India were brought under the Banking Regulation Act in-

a)

1949

b)

1965

c)

1970

d)

1991

51.

A cooperative bank is primarily defined as-

a)

A private commercial bank

b)

A government-owned bank

c)

A financial institution owned and operated by members

d)

A central bank

52.

One of the unique features of cooperative banks is-

a)

One share, one vote

b)

One member, one vote

c)

Voting rights only to largest shareholders

d)

Voting controlled by RBI

53.

Cooperative banks cater mostly to-

a)

Large industrial houses

b)

Agricultural and rural sectors

c)

Multinational companies

d)

High net-worth individuals

54.

Cooperative banks differ from commercial banks mainly in-

a)

Profit orientation

b)

Ownership structure

c)

Credit creation ability

d)

Currency issuance

55.

The principle of "democratic control" in cooperative banks means-

a)

Only government controls decisions

b)

Members have equal voting rights

c)

Banks controlled by RBI

d)

Large depositors control banks

56.

The primary objective of cooperative banks is-

a)

Maximizing shareholders' wealth

b)

Promoting mutual help and credit access

c)

Maintaining forex reserves

d)

Funding corporate mergers

57.

Which of the following is NOT a cooperative principle?

a)

Voluntary membership

b)

Profit maximization

c)

Democratic member control

d)

Member economic participation

58.

The principle of "limited return on capital" ensures-

a)

Members earn huge dividends

b)

Profit is equally distributed

c)

Capital is used only for social benefit

d)

Members get a reasonable return, not excessive profit

59.

Cooperative banks mainly aim to-

a)

Serve weaker sections

b)

Eliminate monopoly of moneylenders

c)

Provide affordable credit

d)

All of the above

60.

At the apex of rural cooperative credit structure in India is-

a)

District Central Cooperative Bank

b)

State Cooperative Bank

c)

NABARD

d)

RBI

61.

District Central Cooperative Banks function at-

a)

Village level

b)

District level

c)

State level

d)

National level

62.

Primary Agricultural Credit Societies (PACS) work at-

a)

National level

b)

State level

c)

District level

d)

Village level

63.

Which institution supervises and refinances cooperative banks?

a)

RBI

b)

NABARD

c)

Ministry of Finance

d)

SEBI

64.

Urban cooperative banks mainly operate in-

a)

Rural areas

b)

Towns and cities

c)

District headquarters only

d)

Government departments

65.

PACS stands for

a)

Primary Agricultural Credit Societies

b)

Primary Account Credit System

c)

People's Agricultural Cooperative System

d)

Primary Asset Cooperative Societies

66.

Cooperative banks are broadly classified into-

a)

Commercial and Rural

b)

State, District, and Primary level

c)

Public and Private

d)

Scheduled and Non-Scheduled

67.

Urban cooperative banks are of two types-

a)

Scheduled and Non-Scheduled

b)

National and International

c)

Credit and Non-Credit

d)

Rural and Semi-Urban

68.

Which cooperative bank provides refinance to PACS and DCCBs?

a)

RBI

b)

State Cooperative Bank

c)

NABARD

d)

SIDBI

69.

Which is the base unit of cooperative credit institutions?

a)

NABARD

b)

PACS

c)

DCCB

d)

SCB

70.

Cooperative banks primarily promote-

a)

Industrial growth

b)

Agricultural and rural development

c)

Stock market trading

d)

International trade

71.

Cooperative banks help in financial inclusion by-

a)

Serving only elite customers

b)

Lending to weaker sections

c)

Investing in foreign banks

d)

Funding corporate monopolies

72.

Cooperative banks reduce dependence on-

a)

Stock exchanges

b)

Moneylenders

c)

Foreign banks

d)

Commercial banks

73.

The cooperative movement is based on the concept of-

a)

Capitalist growth

b)

Social justice and equality

c)

High-risk investment

d)

Monopoly control

74.

Cooperative banks play a vital role in-

a)

Promoting speculative trade

b)

Strengthening rural credit delivery

c)

Increasing foreign reserves

d)

Export finance only

75.

The General Manager of a cooperative bank is responsible for-

a)

Supervising day-to-day operations

b)

Printing currency notes

c)

Issuing licenses

d)

Preparing Union Budget

76.

The Board of Directors of cooperative banks is elected by-

a)

Government officials

b)

RBI

c)

Members of the cooperative

d)

Depositors

77.

The Chairman of a cooperative bank mainly-

a)

Leads the board and guides policy

b)

Approves foreign loans

c)

Controls monetary policy

d)

Supervises RBI operations

78.

Which personnel is primarily responsible for audit in cooperative banks?

a)

General Manager

b)

Internal Auditor

c)

Chairman

d)

Branch Manager

79.

The Branch Manager of a cooperative bank is responsible for-

a)

Only approving government schemes

b)

Managing branch operations and customer service

c)

Issuing banking regulations

d)

Supervising NABARD's role

80.

Key responsibility of loan officers in cooperative banks is-

a)

Approving deposits

b)

Assessing creditworthiness of borrowers

c)

Issuing currency notes

d)

Deciding monetary policy

81.

Training and development of cooperative bank employees is usually handled by-

a)

RBI

b)

NABARD training institutes

c)

IMF

d)

SEBI

82.

The Registrar of Cooperative Societies has the authority to-

a)

Register and regulate cooperatives

b)

Frame monetary policy

c)

Supervise commercial banks

d)

Approve stock exchanges

83.

In cooperative banks, credit decisions are usually taken by-

a)

Individual owners

b)

Democratic member committees

c)

RBI alone

d)

Depositors' associations

84.

Accountability in cooperative banks is ensured through-

a)

Government control only

b)

Member participation and auditing

c)

Stock market regulation

d)

International law

85.

The Cooperative Movement in India was inspired by the success of cooperatives in-

a)

France

b)

Germany

c)

England

d)

USA

86.

The All India Rural Credit Survey Committee (1954) recommended the creation of-

a)

RBI

b)

State Partnership in Cooperative Banks

c)

Deposit Insurance Scheme

d)

NABARD

87.

Which institution was set up in 1982 to support cooperative credit institutions?

a)

SIDBI

b)

NABARD

c)

IDBI

d)

SEBI

88.

Which of the following acts governs multi-state cooperative societies?

a)

Banking Regulation Act, 1949

b)

Cooperative Societies Act, 1904

c)

Multi-State Cooperative Societies Act, 2002

d)

RBI Act, 1934

89.

Which commission strongly recommended cooperative credit expansion in rural India?

a)

Narasimham Commission

b)

Royal Commission on Agriculture (1928)

c)

Sarkaria Commission

d)

Malhotra Commission

90.

In cooperative banks, voting rights are based on-

a)

Amount of shares held

b)

Government order

c)

RBI circular

d)

Membership (one member, one vote)

91.

Which principle ensures that profits of cooperative banks are partly used for social welfare?

a)

Limited liability

b)

Concern for community

c)

Democratic control

d)

Voluntary membership

92.

The cooperative movement in India is based on the principle of-

a)

Socialism

b)

Self-help and mutual cooperation

c)

Capitalism

d)

Centralization

93.

Which of the following is a characteristic of cooperative banks?

a)

Centralized management

b)

Limited return on capital

c)

Full government ownership

d)

Unlimited liability of members

94.

The objective of cooperative banks is primarily-

a)

To maximize profits

b)

To compete with foreign banks

c)

To promote stock exchange

d)

To provide affordable credit and promote welfare

95.

The three-tier cooperative credit structure in India consists of-

a)

RBI-SCB-PACS

b)

SCB-DCCB-PACS

c)

NABARD-RBI-PACS

d)

SCB-Urban Banks-Foreign Banks

96.

Which type of cooperative banks deals mostly with small traders and artisans?

a)

PACS

b)

DCCB

c)

Urban Cooperative Banks

d)

State Cooperative Banks

97.

Long-term credit cooperatives in India are known as-

a)

PACS

b)

DCCBs

c)

Land Development Banks (LDBs)

d)

Urban Banks

98.

The apex cooperative institution at the national level is-

a)

SCB

b)

DCCB

c)

PACS

d)

NABARD

99.

Multi-State Cooperative Banks are regulated by-

a)

SEBI

b)

State Government only

c)

Both RBI and Central Registrar of Cooperatives

d)

NABARD

100.

Cooperative banks contribute to rural credit mainly by-

a)

Mobilizing deposits from corporates

b)

Providing crop loans and agricultural credit

c)

Investing in share markets

d)

Offering forex services

101.

Cooperative banks help in reducing rural poverty by-

a)

Offering speculative loans

b)

Providing credit at low interest rates

c)

Restricting loans to rich farmers

d)

Serving only industrialists

102.

Cooperative banks also play a role in-

a)

Foreign exchange management

b)

Encouraging thrift and savings habits among rural people

c)

Stock market trading

d)

Issuing currency notes

103.

Cooperative banks bridge the credit gap created by-

a)

NABARD

b)

Commercial banks' neglect of rural poor

c)

RBI

d)

Industrial banks

104.

Cooperative banks are most significant for-

a)

Large industrialists

b)

Urban elite

c)

Small farmers, rural artisans, and weaker sections

d)

International traders

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