SELECTED
QUESTIONS AND ANSWERS INCLUDING GK
1.
The first Co-operative Consumer Society in India ?
Triplicane
Urban Co-operative Society It was formed in 1904 ( 1905 )
2. The birth of consumer co-operative movement is in ?
England
3.
Point of Sale of a fixed asset is a ...... profit?
Capital
4. Friendly' Society was first started in ?
England
5.The co-operative consumer societies in India come under the category of ?
Non
- Agricultural Non-Credit Cooperative Society
5.
The father of Co-operative movement in the world ?
Robert
Owen , Born in Newton – England in 1771
6.
Apex of LAMPS?
Trifed
7. Uncalled Capital is also known as ?
Reserve
Capital
8.
Whose statement was " No competition, No money and No profit" ?
Robert
Owen
9. Urban Co Operative Societies in Kerala is started as ?
Two
tier
10. The training institute sponsored by NABARD is ?
BIRD
(Bankers Institute for Rural Development)
11.
Kerala Kalamandalam Started in and started by?
1930 , vallathol Narayana Menon
12.
Neyyar Dam is located at?
Thiruvananthapuram
13.
Grameen Banks also known as?
Regional
Rural banks ( Founder - Muhammed Yunis)
14.
The first Co-operative Societies Act of 1904 came into force on
25
March 1904
15.
Famine Commission was constituted in the year?
1880
16. Taccavi Laws was recommended by?
Famine
Commission
17. Hilton Young Committee suggested?
Formation
of RBI
18. Mac Lagan Committee was constituted in the year
1914
19. Vitamin C is also known as
Ascorbic
acid
20. The Rochdale Equitable Pioneers Society, the first co-operative Society in the
world
started in the year?
1844 (Manchester – England )
21. Match the following
SEBI ACT -1995
CONSUMER PROTECTION ACT -1964
AP MUTUAL AIDED SOCIETY ACT -1992
AP COOPERATIVE SOCIETY ACT 1886
Ans : SEBI ACT -1992
CONSUMER PROTECTION ACT -1886
AP MUTUAL AIDED SOCIETY ACT -1995
AP COOPERATIVE SOCIETY ACT 1964
22.
Rochdale weavers Union was organized under the leadership of ?
Charles
Howrath
23. KOH in Japan is also known as ?
Mujin
24.
ICA Regional office at New Delhi was inaugurated by ?
Jawaharlal
Nehru
25 ICA Regional office at New Delhi was inaugurated on?
14/11/1960
26.
Thrift Fund is connected with ?
Handloom
Societies
27. The Headquarters of Kerala Sahithya Academy is at ?
Thrissur
28. Rural consumer schemes was introduced by ?
NCDC
29. Noting Charge is a expense to the?
Acceptor
30.
The Housing Federations moving collect their resource through?
Floating
debentures
31.
SEBI ACT amended in?
1995, 1999, and 2002
32.
Which is the new addition to the co-operative principles?
Concern
for community
33.
Improved form of Chain Banking is ?
Group
Banking
34.
A typical example of service type industrial co-operative societies?
Co-operative
Spinning Mills
35. First Cooperative spinning Mill in Kerala started at?
Kannur
36. The first co-operative principles are accepted by the ICA congress held at?
Manchester
37. First Indian who got Oscar Award?
Bhanu
Athayya
38.
“Indian Co-operative Review” is a quarterly journal of
National
Co-operative Union of India
39.
NCUI Established in?
1929
Explanation : In 1929, the National Cooperative Union of India (NCUI) was
established as the All India Cooperative Institutes Association
The NCUI is an autonomous, multi-state cooperative society that
represents all sectors of the Indian cooperative movement. Its
headquarters are in Delhi. was re-named National Co-operative Union
of India in 1961. NCUI is the apex in India which represents all sectors of the
Indian Co-operative Movement.
40.
Head Quarters / Registered Office of ABC ( Audit Beuro of Circulations)?
Mumbai
41. Expand APMACS ?
Andhra
Pradesh Mutual Aided Co-operative Societies Act.
42.
Expand LAMPS ?
Large
sized Adivasi Multipurpose Co-operative Society.
43. Expand TRIFED
Tribal
Co-operative Marketing Development Federation of India Ltd
44.
Who is the founder of Consumer Co-operative Societies in Denmark?
Paster
Saune
45. Head Quarters of Press Council of India? New Delhi
46.FDB is working in Denmark, with which sector?
Consumer
Co-operative Societies
47.
Who gave inspiration to form during Co-operative Societies in Denmark?
Stilling
Anderson
48. Audit manual is prepared by ?
Director
of Cooperative Audit
49. Banker – Customer relationship in the case of a safe deposit locker is?
Lessor
– lessee
50 Tranfer to reserve is debited to .........of a company?
P&L
Appropriation Account
51.The National Agriculture Insurance Scheme was started in ?
1999
52. Which discount not shown in any account book ?
Trade
Discount
53.Net Worth means ? Capital
54.The
limitation period of a award is?
12
Years
55.Most profitable business of a commercial bank is?
Lending
56
A audit that should be conducted by law is ?
Statutory
Audit
57.
In Cricket who is known as Universal Boss?
Chris
Gayle
58.
Who is known as the pen name – Keralan?
Swadesabhimani
Rama Krishna Pillai
59. NYSE is a famous stock exchange of ? USA ( New York Stock Exchange)
60.
.......... is the part of a financial system concerned with raising capital by
dealing
in shares, bonds, and other long-term investments.?
Capital
market
The
Andhra Pradesh Mutually Aided Co-Operative Societies Act, 1995
Known as Act 30 of 1995 This Act, consisting of 45 sections, broke new ground in the history of the
Indian cooperative movement. This is a cooperative law which respects the right of members to fully
own and control their own cooperative enterprise. The enactment, an act of political courage and
wisdom by the Andhra Pradesh Government, was the final step in a long effort to create a new
legislative environment for cooperatives in Andhra Pradesh. It provides for the voluntary formation
of cooperative societies as accountable, competitive, self-reliant business enterprises, based
on thrift, self-help and mutual aid and owned, managed and controlled by members for their
economic and social betterment and for related matters.
First
section starts with short title extent and commencement as KCS Act.
Section 2
– Definitions
Section
3- Cooperative Principles and Byelaws
Section 4
– Registration
Section
5- Registration Certificate
Section
40 – Tribunal
Section
41- Powers of Liquidator
Act was
amended mainly in 1998 , 2006 and 2018
Objective
of the Act as follows
The Cooperative principles and by-laws establish that individuals or cooperatives
intending to form into a cooperative society shall frame by-laws conforming to the following
principles of cooperation, namely:
a) membership of a cooperative society shall be voluntary and available without restriction
of any social, political, racial or religious discrimination, to all persons who can make use
of its services and are willing to accept the
responsibilities of membership;
(b) cooperative societies are democratic organizations; their affairs shall be administered by
persons elected or appointed in a manner agreed by the members and accountable to them.
Members of primary cooperative societies shall enjoy equal rights of voting and participation
in decisions affecting their cooperative societies;
(c) share
capital shall only receive a strictly limited rate of interest, if any;
(d) the economic results, arising out of the operations of a cooperative society belong to the
members of that cooperative society and shall be distributed in such a manner as would avoid
one member gaining at the expense of others, which shall
be achieved;
(e) all cooperative societies shall make provision for the education of their members,
officer-bearers and employees and of the general public, in the principles and techniques
of cooperation, both economic and democratic;
(f) all cooperative societies shall actively cooperate in every way with other cooperatives
at local, national and international levels having as their aim the achievement of unity of action by
cooperators throughout the world.
(g) all Cooperative Principles are followed