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COOPMASTER Question Bank: Round 1 - Easy

Total questions: 45

Worksheet time: 34mins

Name
Class
Date
1.

Which Article of RA 9520 provides for the definition of a cooperative?

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2.

A cooperative can exist even without a set of By-Laws as long as it has Articles of Cooperation.

a)

True

b)

False

3.

What is the maximum percentage of paid-up share capital that a single member can own in a cooperative?

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4.

Among the 7 cooperative principles, which directly promotes continuous education and training?

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5.

What is the minimum authorized share capital required to register a cooperative with CDA?

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6.

If a cooperative has 100 members, how many constitute a simple majority during a General Assembly?

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7.

What is the maximum penalty for a cooperative that fails to submit reports to CDA for five consecutive years?

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8.

Which CDA dimension checks compliance with submission of reports and governance practices?

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9.

The General Assembly is higher than the Board of Directors.

a)

True

b)

False

10.

The Philippine Cooperative Code (RA 9520) amended which earlier law?

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11.

Which cooperative principle emphasizes cooperation among cooperatives?

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12.

The highest rating under CDA Performance Standards is “Outstanding.” What is the lowest?

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13.

What is the maximum allowable term of office for a cooperative treasurer?

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14.

What is the prescribed fiscal year period for cooperatives in the Philippines?

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15.

Who issues the Certificate of Good Standing to cooperatives?

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16.

Fill in the blank: The four dimensions of the CDA Performance Standards are: Institutional, Financial, Business/Service Efficiency, and (a)   .

17.

True or False: The Board of Directors has the authority to amend the Articles of Cooperation.

a)

True

b)

False

18.

In computing Return on Assets (ROA), what two major financial figures are needed?

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19.

Which CDA Performance Standards dimension measures whether members are availing themselves of services?

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20.

If a cooperative’s net surplus is ₱50,000, how much should be set aside for the Reserve Fund (minimum)?

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21.

What is the maximum consecutive term of office for a member of the Audit Committee?

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22.

Fill in the blank: A cooperative that engages in credit services must allocate at least (a)   % of its net surplus to the Cooperative Education and Training Fund (CETF).

23.

A cooperative failed to meet the liquidity standard. Which ratio likely fell below the CDA benchmark?

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24.

True or False: The Chairperson of the Board of Directors can also serve as the cooperative’s General Manager.

a)

True

b)

False

25.

A cooperative has a Debt-to-Equity Ratio of 2:1. Does this meet CDA’s financial performance standards?

a)

Yes

b)

No

26.

Which body is responsible for appointing the members of the Mediation and Conciliation Committee?

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27.

Fill in the blank: A cooperative that fails to operate for (a)   consecutive years may face cancellation by the CDA.

28.

What cooperative principle highlights independence from government and political parties?

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29.

True or False: A cooperative’s Annual Report submitted to the CDA is enough to satisfy both Institutional and Social Performance requirements.

a)

True

b)

False

30.

In the Performance Standards, what is the minimum passing score for a cooperative to be rated “Acceptable”?

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31.

ROUND 3 - DIFFICULT (5 Questions, 30 points each) (Problem Solving, Analytical, "Head & Heart" application) A cooperative earned ₱300,000 Net Surplus. 10% goes to Reserve Fund, 10% to CETF, 3% to Community Development Fund, and 7% to Optional Fund. How much is left for Patronage Refund?

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32.

If a cooperative has ₱2,000,000 Total Assets and ₱500,000 Total Liabilities, what is its Equity?

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33.

Compute: A cooperative has ₱200,000 Net Surplus and ₱1,000,000 Average Equity. What is its ROE?

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34.

A cooperative received an Institutional Performance score of 80%, Financial 60%, Service Efficiency 70%, and Social Performance 90%. What is its overall rating?

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35.

Which statutory fund cannot be distributed to members even upon dissolution of the cooperative?

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36.

Case: If the liquidity ratio benchmark is 1.0 and a cooperative has ₱100,000 Current Assets and ₱120,000 Current Liabilities, what is the ratio and does it pass?

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37.

True or False: The CETF may be used by the Board to give allowances to officers.

a)

True

b)

False

38.

What cooperative principle directly reflects SDG 13 (Climate Action) when applied?

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39.

If a cooperative earns ₱1,000,000 but only 20% of members availed of services, which CDA dimension is most affected?

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40.

If the overall performance of a cooperative is 49%, what is its rating?

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41.

Scenario: The General Assembly voted on an issue. 60 members attended, but only 25 voted "yes." Is the decision valid?

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42.

A cooperative officer was found guilty of gross negligence. Under RA 9520, what is the possible penalty?

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43.

True or False: A cooperative can distribute all net surplus to members as patronage refund if the GA approves.

a)

True

b)

False

44.

What key CDA document serves as the basis for rating coops in Performance Standards?

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45.

If a coop scores: Institutional 85%, Financial 85%, Service 85%, Social 85%, what is the rating?

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