Junior Cooperative Inspector Model paper

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1-Income and Expenditure is a:
A)Nominal Account
B) Real Account
C)Personal Account
D) None of these
ANS: A)Nominal Account
2--------------Management orientation presupposes that the marketing programme that is practiced in the home market can also be extended to the host country.
A) Ethnocentric
B) Polycentric
C) Region centric
D) Geo centric
ANS: A) Ethnocentric

3-Where is the head quarters of World Bank:
A) London
B) WasingtonDC
C) Newyork
D)Brettenwood
ANS: B) WasingtonDC
4-When did Foreign Exchange Management Act (FEMA) come in to being?
A)1st June 2000
B)1st June 2001
C)1st June 2002
D)1st June 2003
ANS: A)1st June 2000
5-A bond in which thre is a possibility of high return but there is no guarantee for safety of investment ,is called:
A)Junk Bond
B)Zero coupon Bond
C)Capital index Bond
D)None of these
ANS: A)Junk Bond

6-Blue-chip securities means :
A)Securities issued by public sector Banks
B)Share of Government companies
C)First class Govt.Securities
D) Share of First class Govt.companies listed in recognized stock exchanges
ANS: D) Share of First class Govt.companies listed in recognized stock exchanges

7-A speculater who purchases shares of a company with the intension that he will sell them on premium to anmy investor,is called:
A)Bull
B) Bear
C)Stag
D) Lame Duck
ANS: C)Stag

8-SARFAESI Act relates to:
A)Loan sanction
B)Loan disbursement
C)Loan recovery
D)All thye above
ANS: C)Loan recovery

9-Depreciation is a------of fund:
A)Income
B)Source
C) Application
D) Both
ANS: D) Both

10-Which year is declared as an international year of co-operation :
A)2010
B) 2012
C)2009
D)2013
ANS: B) 2012

11-in a co-op society ,total capital minus -------is equal to Working Capital:
A) Asset
B)Liability
C)Income
D)Expenditure
ANS: A) Asset

12-The reserve created from the net profit is called:
A)Specific reserve
B)Secret reserve
C)General reserve
D)None of these
ANS: C)General reserve

13-International co-operative Alliance was established in:
A) 1895
B)1985
C)1935
D)1937
ANS: A) 1895

14-Area of central co-operative Bank in Kerala:
A) District
B)Taluk
C)State
D)Region
ANS: A) District

15-When there is over subscription allotment of share is usualla done on ----basiss:
A)First come first served
B)Last come last served
C)Highet bidder
D)pro-rata
ANS: D)pro-rata

16-One man one vote is specified in section-------of co-operative law:
A)21
B)19
C)18
D) 20
ANS: D) 20

17-Home land of agricultural co-operation in the world:
A)sweaden
B)Norway
C)Denmark
D)India
ANS: C)Denmark

18-The chief executive of a co-operative society is :
A)Secretary
B)Regisrar
C)President
D)Treasurer
ANS: A)Secretary

19-A Minimum of---members is required for the formation of a co-operative society:
A)30
B)25
C)15
D)20
ANS: B)25

20-Need Hierarchy theory in Management was developed by:
A)Herbert simon
B)Chester Bernard
C)F.W taylor
D)None of these
ANS: D)None of these

21--------theory of Duglas Mc Gregore relies heavly on swelf control and self direction of employees.
A)X theory
B)Ytheory
C)Z theory
D)K theory
ANS: B)Ytheory

22-Which one of the following methods of inventory valuation ensures as nearly as possible the matching of current costs with current revenue:
A)FIFO
B)Standard prizing
C) LIFO
D)HIFO
ANS: C) LIFO

23-The difference between standard cost and actual cost is known as :
A)Contribution
B) variance
C)Profit
D)Diffrential cost
ANS: B) variance

24-The economic factors causing depreciation are:
A)wear and tear
B)Obsolescence
C)Time factor
D) Inflation
ANS: D) Inflation

25-Which one of the following is not related to advertising:
A)it is a paid form of presentation
B)it is a tailor made presentation
C)it is non personal presentation
D)Sponor’s identity is revealed
ANS: B)it is a tailor made presentation

26-The core functional focus of Marketing is ---of goods and services:
A)Production
B)Transportation
C)Storing
D)Exchange
ANS: D)Exchange

27-Expanding markets for existing products such as geographic expansion and targeting new segments are part of:
A)Market development
B)Market penetration
C)Product development
D)None of these
ANS: A)Market development

28-In Banking CRR stand for:
A)Credit Reserve Ratio
B)Cash Reserve Ratio
C)Credit Restriction Ratio
D)Cash Restriction Ratio
ANS: B)Cash Reserve Ratio

29-An analytical tool comparing a company’s financial condition and performance across time is :
A)Horizontal analysis
B)Vertical analysis
C)Circular analysis
D)Financial analysis
ANS: A)Horizontal analysis

30-Current Ratio is:
A)Used to measure companies profitability
B)Used to measure the relation ship between assets and longterm debts
C)Used to measure the effecting of operating income on profit
D)used to evaluate the company’s ability to pay its short term obligations
ANS: D)used to evaluate the company’s ability to pay its short term obligations

31-Median is:
A)The most frequent value
B)Middle most value
C)Least frequent value
D)Mean of first and Last value
ANS: B)Middle most value

32-Securities by which a loan is primarily covered is called :
A)Primary securities
B)Collateral securities
C)Tangible securities
D)Contingent securities
ANS: C)Tangible securities

33-in the case of joit stock company ,goodwill is shown on the assets side under the head :
A)Fixed Asset
B)Investment
C)Current Assets
D)Mislaneous
ANS: A)Fixed Asset

34-Surrender value is an expression that is used in the case of---insurance business:
A)Marine
B)Fire
C)Life
D)General
ANS: C)Life

35-Articles of Association of a company contain rules and regulations relating to ---management of the company:
A)External
B)Internal
C)Creditors
D)Debtors
ANS: B)Internal

36-Legal expenses incurred in income tax appeal is an example of------------expenditure:
A)Capital
B)Deffered revenue
C)Revenue
D)Amortized
ANS: C)Revenue

37-MICR band code line on a cheque consist of ,besides cheque number ,9 digit number .What do first three digits of this number denotes?
A)Centre/City
B)Bank
C)Branch of a bank
D)Type of account
ANS: A)Centre/City

38-Which of the following is not a financial risk?
A)Operational Risk
B)Interest Rate Risk
C)Foreign Exchange Risk
D)Credit Risk
ANS: A)Operational Risk

39-Which committee has recommended to Self Help Group?
A)Kaila committee
B)Vasu committee
C)Goiporia committee
D)None of these
ANS: A)Kaila committee


40- What is the relationship, generally, between Banker and Customer?
A)Bailor -Bailee
B) Agent-Principal
C) Trustee-Beneficiary
D) Debtor-Creditor
ANS: D) Debtor-Creditor

41-A bankers lien is a general lien and is:
A) Special type of mortgage
B)a pledge transaction
C) an implied pledge
D) a hypothecation transaction
ANS: C) an implied pledge

42-Auditors plan of action is called:
A) Audit note book
B) Audit certificate
C) Audit memorandum
D) Audit programme
ANS: D) Audit programme

43-Akshaya programme is first launched in:
A) Kozhikode
B) Allappy
C)Ernakulam
D)Malappuram
ANS: D)Malappuram

44-The founder of ATM:
A)TellerMann
B)Russel Rusten
C)Walteral Resten
D)V.Reddy
ANS:

45-Apex institution of Rubber Marketing co-operatives:
A)RUBCO
B)RAIDCO
C)RUBBER BOARD
D)RUBBER MARK
ANS: D)RUBBER MARK

46-Audit conducted inorder to test the correctness of the final audit done by the Auditors called:
A)Final Audit
B) Concurrent Audit
C)Interim Audit
D)Test Audit
ANS: D)Test Audit

47-Audit of industrial co-operative socities in Kerala is done by:
A)Co-operative department
B)Industril department
C)CAG
D)None of these
ANS: A)Co-operative department

48-A crop Loan account is opened in the form of:
A)Cash credit
B)DemandLoan
C)LongTerm Loan
D)Composit Loan
ANS: D)Composit Loan

49-The accounting equation is based on :
A)Marketing Concept
B)Cost Concept
C)Realisation Concept
D)Dual Entity Concept
ANS: D)Dual Entity Concept

50-Depletion method of depreciation is used in:
A)Mines and Quarries
B)Live stock
C)Goodwill
D)Plant
ANS: A)Mines and Quarries

51-The market condition with one buyer :
A)Monopoloy
B)Duopoly
C)Monophony
D)Duo ploy
ANS: A)Monopoloy

52-The common currency Which has been introduced among 11 European Nations is known as:
A)Euro
B)Euro Dollar
C)Euro Pound
D)Euro Sterling
ANS: A)Euro

53-A large sized computer network is termed as:
A)WAN
B)LAN
C)MAN
D)VAN
ANS: A)WAN

54-The oil exporting countries have formed a trade association known as:
A)OPAC
B)EFTA
C) OPEC
D)COMECON
ANS: C) OPEC


55-Which of the following committees submitted its report On Insurance Sector Reforms?
A)Malhothra Committee
B)Dongra Committee
C)Mirdha Committee
D)Narasimham Committee
ANS: A)Malhothra Committee

56-------is the basic benefit that a customer seeks from the product:
A) Augmented benefit
B) Core product
C)Expected product
D)Symbolic product
ANS: B) Core product


57-What is the main purpose of a currency?
A)Currency chest
B)Standard of postponed payment
C)Standard of money
D)Medium of Exchange
ANS: D)Medium of Exchange

58-The industry which employs the maximum number of workers in India:
A)Sugar
B)jute
C)Iorn and Steel
D)Cotton textiles
ANS: D)Cotton textiles

59------of product mix refers to how many variants are offered of each product in the line.
A)Depth
)Length
C) Width
D)Consistency
ANS: C) Width

60-The quality of information for dicision making is measured by its :
A) Accuracy
B)Cost
C)Degree of statistical validity
D)Time lin
ANS:A) Accuracy

61-What is the focus of Marketing Management?
A) Analysis
B) Co-ordination
C) Beneficial Exchange
D)Distrbution
ANS: A) Analysis

62-A change in the Foreign Exchange rate will change the amount of local currency receivable on a bill denominated in a foreign currency .the risk invoved is called:
A)Foreign Exchange Risk
B)Import Risk
C)Monetary Risk
D)Transaction Risk
ANS: A)Foreign Exchange Risk


63-Insurable interest in a Life Insurance Contract should be:
A)At the time of Contract
B)At the time of Maturity
C)At the time of Claim
D)At the time of Surrender
ANS: A)At the time of Contract

64-A situation where demand for product exceeding the supply:
A)Synch row marketing
B) Demarketing
C)Remarketing
D)Regional marketing
ANS: B) Demarketing

65-When Mac Donald’s opened a Restaurant in Moscow, which of the alternative corporate?
A)Diversification
B)Product development
C)Market penetration
D)Market development
ANS: D)Market development


66-Name the auther of the books suma de ‘Arithmetica’.
A)H.A .Cassel
B)Adam Smith
C)LucaPaciolli
D)Batliboi
ANS: A)H.A .Cassel

67-Absorption costing is also known as:
A)Full costing
B)Forward costing
C)Fixed costing
D)Partial costing
ANS: A)Full costing

68-A company can invest money in another country only if it is autherised by its:
A)Memorandum of Association
B)Article of Association
C)Auditor
D)Company secretary
ANS: A)Memorandum of Association

69-Which one of the following ratios is likely to be affected the most on account of prize level changes
A)Current ratio
B)Inventory turnover ratio
C)Debtors turnover ratio
D)Fixed asset turnover ratio
ANS: B)Inventory turnover ratio

70-If an auditor doers something wrongfully in the performance of his duties resulting in financial loss to the company,he will be held guilty of:
A)Civil negligence
B)Misfeasance
C)Criminal negligence
D)Financial irregularities
ANS: B)Misfeasance

71-Which among the following is the most popular approach for accomplishing results?
A)Management by exceptions
B)Reward system
C)Management by Objectives
D)Mentor system
ANS: C)Management by Objectives

72-Audit committee shall act in accordance with the terms of refence to be specified by:
A)StatutoryAuditor
B)SEBI
C)Board of Directors
D)Central Government
ANS: C)Board of Directors

73-Which of the following traits describes properly organic or behavioural structure of organization?
A)Wider span of control
B)More centralization
C)High degree of specialization
D)Taller hierarchy
ANS: A)Wider span of control

74-A collection of duties,tasks and responcibilities assigned to a single individual is :
A)Occupation
B)position
C) Job
D)Grade
ANS: C) Job

75-Which one of the following is the most popular approach for accomplishing tresults?
A)Communication
B)Directing
C)Supervision
D)Decision making
ANS: C)Supervision

76-Management by Exception is to improve:
A)Control over personnel
B)Strategic management
C)Steedy flow of information
D)High morale
ANS: B)Strategic management

77-Which of the following accounting conventions stipulates that contingent assets appear on a footnote in the Balance Sheet?
A)Materiality
B)Consistency
C)Disclosure
D)Coservatism
ANS: A)Materiality

78-Dumping is an Example of :
A)Monopolistic practice in international trade
B)Monopoly in international trade
C)Oligopoly in international trade
D)Perfect competition
ANS: C)Oligopoly in international trade

79-Accounting is the process of matching:
A)Benefits and cost
B)Revenue and cost
C)Cash inflows and out flows
D)Expopeted and achieved results
ANS: B)Revenue and cost

80-An in-depth exam to detect a suspected fraud in an enterprise may be termed as:
A)Internal Audit
B)management Audit
C)Financial Audit
D)Investigation
ANS: D)Investigation

81-What is the recent theme proposed by Co-operative General Assembly?
A)Each man each vote
B)Honest with integrity
C)Upliftment of weaker section
D)Co-operative enterprise builds a better world
ANS: D)Co-operative enterprise builds a better world

82-Which of the following is included while calculating total liabilities of a company ?
A)Autherised Capital
B)Issued Capital
C)Subsribed Capital
D)Paid -up Capital
ANS: D)Paid -up Capital

83-Which of the following factor is considered while determining the Book Value of an Equity Shares?
A)Profit Earning Ratio
B)Net worth
C) Increse in Share Capital
D) None of these
ANS: B)Net worth

84-Scheduled Primary Co-operative Banks are required to provide -----of their total advances to priority Sectors.
A) 40%
B) 50%
C) 60%
D)None of these
ANS: D)None of these

85-First co-operative Bank of India was established in ------ state?
A) Gujarat
B) Maharastra
C) Uttar Pradesh
D) Madhya Pradesh
ANS: D) Madhya Pradesh

86-Reserve Bank of India has asked to loss making Urban Co-operative Banks to initiate action:
A) Surrender of Bankig License
B)Merger of Strong Banks
C) Liquidation of the Banks
D)Any one of the above three
ANS: D) Any one of the above three

87-The method of lending under which whole loan requirement is arranged by a bank is called:
A)Bridge Financing
B)Loan Consortium
C)Loan Syndication
D)Chair Financing
ANS: C)Loan Syndication

88-Which of the following type of mortgages does not require its registration?
A)Eqitable Mortgage
B)usufructury Mortgage
C)English Mortgage
Simple Mortgage
ANS: A)Eqitable Mortgage

89-For Depreceation, a fixed portion of the original cost of the fixed asset is written off annuity is :
A)Depreceation fund Method
B)Reducing installment Method
C)Fixed Instalment Method
D)The Annuity Method
ANS: B)Reducing installment Method

90-For winding up of a society Registrar shall appoint a-------for the purpose :
A)Arbitrator
B)Administrator
C)Liquidator
D)Sales officer
ANS: C)Liquidator

91-The Goal of Financial Management is -----Maximisation.
A)Profit
B)weal;th
C)Investment
D)Income
ANS: B)weal;th

92---------is a method of debt collection by business establishments.
A)Out sourcing
B)Factoring
C)Two bin system
D)All the above
ANS: B)Factoring

93-In which Districts in Kerala to start Self Help Group at First?
A)Alappuzha
B)Kannur
C)Kollam
D)Kasargod
ANS: B)Kannur

94-The FAmouse Agricutural Scientist associated with Green Revolution :
A)V.K Kurian
B)M.L.Metha
C)R.K.Narayanan
D)M.S.Swaminathan
ANS: D)M.S.Swaminathan

95-Fathr of Co-operative Movement:
A)Nicholson
B)Raiffision
C)Robert Oven
D)William King
ANS: C)Robert Oven

96-The Word ‘perpro’indicate that the person is
A)insolvent
B)Acting with authority
C)No sufficient amount
D)Give the amount
ANS: B)Acting with authority

97-Which of the following has introduced ‘Banking Ombudsman scheme’ in our country?
A)Reserve Bank of India
B)Indian Bank Association
C)Indian institute of Banking and Finance
D)National Institute of Bank Management
ANS: A)Reserve Bank of India

98-Which of the following committees has recommended setting up Asset Reconstruction Company?
A)Vaugul Committee
B)Verma Committee
C)Narasimham Committee
D)Klyan Sundaram Committee
ANS: C)Narasimham Committee


99-Merger of Brooke Bond (Tea Company)with Lipton(Tea Company)will bwe called:
A)Horizontal Merger
B)Vertical Merger
C)Lateral Merger
D)Diagonal Merger
ANS: A)Horizontal Merger

100-Incresing the number of related tasks in a job while increasing the responcibility and authority of the job is:
A)Job enlargement
B)Job enrichment
C)Job rotation
D)Job analysis
ANS: B)Job enrichment

I am searching for the Junior Co-Operative Inspector in Kerala Khadi&Village Industries Previous Question Paper? Can you please tell me from where I can the Question Paper?

[Arun Vats]

You are searching for the Junior Co-Operative Inspector in Kerala Khadi&Village Industries Previous Question Paper. Here I am providing you the Junior Co-Operative Inspector in Kerala Khadi&Village Industries Previous Question Paper. This is as follows:

1-Income and Expenditure is a:
A)Nominal Account
B) Real Account
C)Personal Account
D) None of these
ANS: A)Nominal Account
2--------------Management orientation presupposes that the marketing programme that is practiced in the home market can also be extended to the host country.
A) Ethnocentric
B) Polycentric
C) Region centric
D) Geo centric
ANS: A) Ethnocentric

3-Where is the head quarters of World Bank:
A) London
B) WasingtonDC
C) Newyork
D)Brettenwood
ANS: B) WasingtonDC
4-When did Foreign Exchange Management Act (FEMA) come in to being?
A)1st June 2000
B)1st June 2001
C)1st June 2002
D)1st June 2003
ANS: A)1st June 2000
5-A bond in which thre is a possibility of high return but there is no guarantee for safety of investment ,is called:
A)Junk Bond
B)Zero coupon Bond
C)Capital index Bond
D)None of these
ANS: A)Junk Bond

6-Blue-chip securities means :
A)Securities issued by public sector Banks
B)Share of Government companies
C)First class Govt.Securities
D) Share of First class Govt.companies listed in recognized stock exchanges
ANS: D) Share of First class Govt.companies listed in recognized stock exchanges

7-A speculater who purchases shares of a company with the intension that he will sell them on premium to anmy investor,is called:
A)Bull
B) Bear
C)Stag
D) Lame Duck
ANS: C)Stag

8-SARFAESI Act relates to:
A)Loan sanction
B)Loan disbursement
C)Loan recovery
D)All thye above
ANS: C)Loan recovery

9-Depreciation is a------of fund:
A)Income
B)Source
C) Application
D) Both
ANS: D) Both

10-Which year is declared as an international year of co-operation :
A)2010
B) 2012
C)2009
D)2013
ANS: B) 2012

11-in a co-op society ,total capital minus -------is equal to Working Capital:
A) Asset
B)Liability
C)Income
D)Expenditure
ANS: A) Asset

12-The reserve created from the net profit is called:
A)Specific reserve
B)Secret reserve
C)General reserve
D)None of these
ANS: C)General reserve

13-International co-operative Alliance was established in:
A) 1895
B)1985
C)1935
D)1937
ANS: A) 1895

14-Area of central co-operative Bank in Kerala:
A) District
B)Taluk
C)State
D)Region
ANS: A) District

15-When there is over subscription allotment of share is usualla done on ----basiss:
A)First come first served
B)Last come last served
C)Highet bidder
D)pro-rata
ANS: D)pro-rata

16-One man one vote is specified in section-------of co-operative law:
A)21
B)19
C)18
D) 20
ANS: D) 20

17-Home land of agricultural co-operation in the world:
A)sweaden
B)Norway
C)Denmark
D)India
ANS: C)Denmark

18-The chief executive of a co-operative society is :
A)Secretary
B)Regisrar
C)President
D)Treasurer
ANS: A)Secretary

19-A Minimum of---members is required for the formation of a co-operative society:
A)30
B)25
C)15
D)20
ANS: B)25

20-Need Hierarchy theory in Management was developed by:
A)Herbert simon
B)Chester Bernard
C)F.W taylor
D)None of these
ANS: D)None of these

21--------theory of Duglas Mc Gregore relies heavly on swelf control and self direction of employees.
A)X theory
B)Ytheory
C)Z theory
D)K theory
ANS: B)Ytheory

22-Which one of the following methods of inventory valuation ensures as nearly as possible the matching of current costs with current revenue:
A)FIFO
B)Standard prizing
C) LIFO
D)HIFO
ANS: C) LIFO

23-The difference between standard cost and actual cost is known as :
A)Contribution
B) variance
C)Profit
D)Diffrential cost
ANS: B) variance

24-The economic factors causing depreciation are:
A)wear and tear
B)Obsolescence
C)Time factor
D) Inflation
ANS: D) Inflation

25-Which one of the following is not related to advertising:
A)it is a paid form of presentation
B)it is a tailor made presentation
C)it is non personal presentation
D)Sponor’s identity is revealed
ANS: B)it is a tailor made presentation

26-The core functional focus of Marketing is ---of goods and services:
A)Production
B)Transportation
C)Storing
D)Exchange
ANS: D)Exchange

27-Expanding markets for existing products such as geographic expansion and targeting new segments are part of:
A)Market development
B)Market penetration
C)Product development
D)None of these
ANS: A)Market development

28-In Banking CRR stand for:
A)Credit Reserve Ratio
B)Cash Reserve Ratio
C)Credit Restriction Ratio
D)Cash Restriction Ratio
ANS: B)Cash Reserve Ratio

29-An analytical tool comparing a company’s financial condition and performance across time is :
A)Horizontal analysis
B)Vertical analysis
C)Circular analysis
D)Financial analysis
ANS: A)Horizontal analysis

30-Current Ratio is:
A)Used to measure companies profitability
B)Used to measure the relation ship between assets and longterm debts
C)Used to measure the effecting of operating income on profit
D)used to evaluate the company’s ability to pay its short term obligations
ANS: D)used to evaluate the company’s ability to pay its short term obligations

31-Median is:
A)The most frequent value
B)Middle most value
C)Least frequent value
D)Mean of first and Last value
ANS: B)Middle most value

32-Securities by which a loan is primarily covered is called :
A)Primary securities
B)Collateral securities
C)Tangible securities
D)Contingent securities
ANS: C)Tangible securities

33-in the case of joit stock company ,goodwill is shown on the assets side under the head :
A)Fixed Asset
B)Investment
C)Current Assets
D)Mislaneous
ANS: A)Fixed Asset

34-Surrender value is an expression that is used in the case of---insurance business:
A)Marine
B)Fire
C)Life
D)General
ANS: C)Life

35-Articles of Association of a company contain rules and regulations relating to ---management of the company:
A)External
B)Internal
C)Creditors
D)Debtors
ANS: B)Internal

36-Legal expenses incurred in income tax appeal is an example of------------expenditure:
A)Capital
B)Deffered revenue
C)Revenue
D)Amortized
ANS: C)Revenue

37-MICR band code line on a cheque consist of ,besides cheque number ,9 digit number .What do first three digits of this number denotes?
A)Centre/City
B)Bank
C)Branch of a bank
D)Type of account
ANS: A)Centre/City

38-Which of the following is not a financial risk?
A)Operational Risk
B)Interest Rate Risk
C)Foreign Exchange Risk
D)Credit Risk
ANS: A)Operational Risk

39-Which committee has recommended to Self Help Group?
A)Kaila committee
B)Vasu committee
C)Goiporia committee
D)None of these
ANS: A)Kaila committee


40- What is the relationship, generally, between Banker and Customer?
A)Bailor -Bailee
B) Agent-Principal
C) Trustee-Beneficiary
D) Debtor-Creditor
ANS: D) Debtor-Creditor

41-A bankers lien is a general lien and is:
A) Special type of mortgage
B)a pledge transaction
C) an implied pledge
D) a hypothecation transaction
ANS: C) an implied pledge

42-Auditors plan of action is called:
A) Audit note book
B) Audit certificate
C) Audit memorandum
D) Audit programme
ANS: D) Audit programme

43-Akshaya programme is first launched in:
A) Kozhikode
B) Allappy
C)Ernakulam
D)Malappuram
ANS: D)Malappuram

44-The founder of ATM:
A)TellerMann
B)Russel Rusten
C)Walteral Resten
D)V.Reddy
ANS:

45-Apex institution of Rubber Marketing co-operatives:
A)RUBCO
B)RAIDCO
C)RUBBER BOARD
D)RUBBER MARK
ANS: D)RUBBER MARK

46-Audit conducted inorder to test the correctness of the final audit done by the Auditors called:
A)Final Audit
B) Concurrent Audit
C)Interim Audit
D)Test Audit
ANS: D)Test Audit

47-Audit of industrial co-operative socities in Kerala is done by:
A)Co-operative department
B)Industril department
C)CAG
D)None of these
ANS: A)Co-operative department

48-A crop Loan account is opened in the form of:
A)Cash credit
B)DemandLoan
C)LongTerm Loan
D)Composit Loan
ANS: D)Composit Loan

49-The accounting equation is based on :
A)Marketing Concept
B)Cost Concept
C)Realisation Concept
D)Dual Entity Concept
ANS: D)Dual Entity Concept

50-Depletion method of depreciation is used in:
A)Mines and Quarries
B)Live stock
C)Goodwill
D)Plant
ANS: A)Mines and Quarries

51-The market condition with one buyer :
A)Monopoloy
B)Duopoly
C)Monophony
D)Duo ploy
ANS: A)Monopoloy

52-The common currency Which has been introduced among 11 European Nations is known as:
A)Euro
B)Euro Dollar
C)Euro Pound
D)Euro Sterling
ANS: A)Euro

53-A large sized computer network is termed as:
A)WAN
B)LAN
C)MAN
D)VAN
ANS: A)WAN

54-The oil exporting countries have formed a trade association known as:
A)OPAC
B)EFTA
C) OPEC
D)COMECON
ANS: C) OPEC


55-Which of the following committees submitted its report On Insurance Sector Reforms?
A)Malhothra Committee
B)Dongra Committee
C)Mirdha Committee
D)Narasimham Committee
ANS: A)Malhothra Committee

56-------is the basic benefit that a customer seeks from the product:
A) Augmented benefit
B) Core product
C)Expected product
D)Symbolic product
ANS: B) Core product


57-What is the main purpose of a currency?
A)Currency chest
B)Standard of postponed payment
C)Standard of money
D)Medium of Exchange
ANS: D)Medium of Exchange

58-The industry which employs the maximum number of workers in India:
A)Sugar
B)jute
C)Iorn and Steel
D)Cotton textiles
ANS: D)Cotton textiles

59------of product mix refers to how many variants are offered of each product in the line.
A)Depth
)Length
C) Width
D)Consistency
ANS: C) Width

60-The quality of information for dicision making is measured by its :
A) Accuracy
B)Cost
C)Degree of statistical validity
D)Time lin
ANS:A) Accuracy

61-What is the focus of Marketing Management?
A) Analysis
B) Co-ordination
C) Beneficial Exchange
D)Distrbution
ANS: A) Analysis

62-A change in the Foreign Exchange rate will change the amount of local currency receivable on a bill denominated in a foreign currency .the risk invoved is called:
A)Foreign Exchange Risk
B)Import Risk
C)Monetary Risk
D)Transaction Risk
ANS: A)Foreign Exchange Risk


63-Insurable interest in a Life Insurance Contract should be:
A)At the time of Contract
B)At the time of Maturity
C)At the time of Claim
D)At the time of Surrender
ANS: A)At the time of Contract

64-A situation where demand for product exceeding the supply:
A)Synch row marketing
B) Demarketing
C)Remarketing
D)Regional marketing
ANS: B) Demarketing

65-When Mac Donald’s opened a Restaurant in Moscow, which of the alternative corporate?
A)Diversification
B)Product development
C)Market penetration
D)Market development
ANS: D)Market development


66-Name the auther of the books suma de ‘Arithmetica’.
A)H.A .Cassel
B)Adam Smith
C)LucaPaciolli
D)Batliboi
ANS: A)H.A .Cassel

67-Absorption costing is also known as:
A)Full costing
B)Forward costing
C)Fixed costing
D)Partial costing
ANS: A)Full costing

68-A company can invest money in another country only if it is autherised by its:
A)Memorandum of Association
B)Article of Association
C)Auditor
D)Company secretary
ANS: A)Memorandum of Association

69-Which one of the following ratios is likely to be affected the most on account of prize level changes
A)Current ratio
B)Inventory turnover ratio
C)Debtors turnover ratio
D)Fixed asset turnover ratio
ANS: B)Inventory turnover ratio

70-If an auditor doers something wrongfully in the performance of his duties resulting in financial loss to the company,he will be held guilty of:
A)Civil negligence
B)Misfeasance
C)Criminal negligence
D)Financial irregularities
ANS: B)Misfeasance

71-Which among the following is the most popular approach for accomplishing results?
A)Management by exceptions
B)Reward system
C)Management by Objectives
D)Mentor system
ANS: C)Management by Objectives

72-Audit committee shall act in accordance with the terms of refence to be specified by:
A)StatutoryAuditor
B)SEBI
C)Board of Directors
D)Central Government
ANS: C)Board of Directors

73-Which of the following traits describes properly organic or behavioural structure of organization?
A)Wider span of control
B)More centralization
C)High degree of specialization
D)Taller hierarchy
ANS: A)Wider span of control

74-A collection of duties,tasks and responcibilities assigned to a single individual is :
A)Occupation
B)position
C) Job
D)Grade
ANS: C) Job

75-Which one of the following is the most popular approach for accomplishing tresults?
A)Communication
B)Directing
C)Supervision
D)Decision making
ANS: C)Supervision

76-Management by Exception is to improve:
A)Control over personnel
B)Strategic management
C)Steedy flow of information
D)High morale
ANS: B)Strategic management

77-Which of the following accounting conventions stipulates that contingent assets appear on a footnote in the Balance Sheet?
A)Materiality
B)Consistency
C)Disclosure
D)Coservatism
ANS: A)Materiality

78-Dumping is an Example of :
A)Monopolistic practice in international trade
B)Monopoly in international trade
C)Oligopoly in international trade
D)Perfect competition
ANS: C)Oligopoly in international trade

79-Accounting is the process of matching:
A)Benefits and cost
B)Revenue and cost
C)Cash inflows and out flows
D)Expopeted and achieved results
ANS: B)Revenue and cost

80-An in-depth exam to detect a suspected fraud in an enterprise may be termed as:
A)Internal Audit
B)management Audit
C)Financial Audit
D)Investigation
ANS: D)Investigation

81-What is the recent theme proposed by Co-operative General Assembly?
A)Each man each vote
B)Honest with integrity
C)Upliftment of weaker section
D)Co-operative enterprise builds a better world
ANS: D)Co-operative enterprise builds a better world

82-Which of the following is included while calculating total liabilities of a company ?
A)Autherised Capital
B)Issued Capital
C)Subsribed Capital
D)Paid -up Capital
ANS: D)Paid -up Capital

83-Which of the following factor is considered while determining the Book Value of an Equity Shares?
A)Profit Earning Ratio
B)Net worth
C) Increse in Share Capital
D) None of these
ANS: B)Net worth

84-Scheduled Primary Co-operative Banks are required to provide -----of their total advances to priority Sectors.
A) 40%
B) 50%
C) 60%
D)None of these
ANS: D)None of these

85-First co-operative Bank of India was established in ------ state?
A) Gujarat
B) Maharastra
C) Uttar Pradesh
D) Madhya Pradesh
ANS: D) Madhya Pradesh

86-Reserve Bank of India has asked to loss making Urban Co-operative Banks to initiate action:
A) Surrender of Bankig License
B)Merger of Strong Banks
C) Liquidation of the Banks
D)Any one of the above three
ANS: D) Any one of the above three

87-The method of lending under which whole loan requirement is arranged by a bank is called:
A)Bridge Financing
B)Loan Consortium
C)Loan Syndication
D)Chair Financing
ANS: C)Loan Syndication

88-Which of the following type of mortgages does not require its registration?
A)Eqitable Mortgage
B)usufructury Mortgage
C)English Mortgage
Simple Mortgage
ANS: A)Eqitable Mortgage

89-For Depreceation, a fixed portion of the original cost of the fixed asset is written off annuity is :
A)Depreceation fund Method
B)Reducing installment Method
C)Fixed Instalment Method
D)The Annuity Method
ANS: B)Reducing installment Method

90-For winding up of a society Registrar shall appoint a-------for the purpose :
A)Arbitrator
B)Administrator
C)Liquidator
D)Sales officer
ANS: C)Liquidator

91-The Goal of Financial Management is -----Maximisation.
A)Profit
B)weal;th
C)Investment
D)Income
ANS: B)weal;th

92---------is a method of debt collection by business establishments.
A)Out sourcing
B)Factoring
C)Two bin system
D)All the above
ANS: B)Factoring

93-In which Districts in Kerala to start Self Help Group at First?
A)Alappuzha
B)Kannur
C)Kollam
D)Kasargod
ANS: B)Kannur

94-The FAmouse Agricutural Scientist associated with Green Revolution :
A)V.K Kurian
B)M.L.Metha
C)R.K.Narayanan
D)M.S.Swaminathan
ANS: D)M.S.Swaminathan

95-Fathr of Co-operative Movement:
A)Nicholson
B)Raiffision
C)Robert Oven
D)William King
ANS: C)Robert Oven

96-The Word ‘perpro’indicate that the person is
A)insolvent
B)Acting with authority
C)No sufficient amount
D)Give the amount
ANS: B)Acting with authority

97-Which of the following has introduced ‘Banking Ombudsman scheme’ in our country?
A)Reserve Bank of India
B)Indian Bank Association
C)Indian institute of Banking and Finance
D)National Institute of Bank Management
ANS: A)Reserve Bank of India

98-Which of the following committees has recommended setting up Asset Reconstruction Company?
A)Vaugul Committee
B)Verma Committee
C)Narasimham Committee
D)Klyan Sundaram Committee
ANS: C)Narasimham Committee


99-Merger of Brooke Bond (Tea Company)with Lipton(Tea Company)will bwe called:
A)Horizontal Merger
B)Vertical Merger
C)Lateral Merger
D)Diagonal Merger
ANS: A)Horizontal Merger

100-Incresing the number of related tasks in a job while increasing the responcibility and authority of the job is:
A)Job enlargement
B)Job enrichment
C)Job rotation
D)Job analysis
ANS: B)Job enrichment

Can you provide me the solved Question Paper for Junior Co - Operative Inspector Post Examination conducted by KPSC (Kerala Public Service Commission)?

[sumit]

The solved Question Paper for Junior Co - Operative Inspector Post Examination conducted by KPSC (Kerala Public Service Commission) is as follows:

1-All societies in kerala are :

(A) Single functional
(B) Double functional
(C) Multifunctional
(D) None of these

Ans: (C) Multifunctional


2-Limited Liability means that the liability of the members are :

(A) Limited to their paid up capital
(B) Limited to their subscribed capital
(C) Limited to the debts of society
(D) None of these

Ans: (A) Limited to their paid up capital


3-Trade Union is :

(A) Business organization.
(B) Production organization
(C) Factory organization
(D) Does not involve in Business

Ans: (D) Does not involve in Business


4-One man one vote is the principles of

(A) Oligopoly
(B) Monopoly
(C) Democracy.
(D) None of these

Ans: (C) Democracy


5-Imposition of an organization model is :

(A) Blue print.
(B) Green house
(C) Univalent
(D) None of these

Ans : (A) Blue print


6-The basic idea behind Co-operation is

(A) Each for all and all for all.
(B) Each for all and all for each
(C) Each for himself
(D) Each for everybody

Ans : (B) Each for all and all for each


7-Voting principle of a Co-operative society is

(A) One share one vote.
(B) One man one vote
(C) Two head one vote
(D) None of these

Ans: (B) One man one vote


8---- is the father of Co-operation

(A) Michal Owen
(B) Robert Owen
(C) Roach Dale.
(D) Karve

Ans: B) Robert Owen


9- Iliability of a Sole trader is :

(A) Limited by Guarantee.
(B) Limited by Shares
(C) Unlimited
(D) None of these

Ans: (C) Unlimited


10-Partnership is an association of :

(A) Persons
(B) Firms
(C) Company.
(D) None of these

Ans: (A) Persons


11-The Co-operative principles were developed in :

(A) Two stages.
(B) Three stages
(C) Four stages.
(D) Five stages

Ans: (C) Four stages


12-The Roach Dale Equitable pioneer society was set up in the year:

(A) 1844 (B) 1944
(C) 1771 (D) 1786

Ans: (A) 1844


13-On registering a society it should be affiliated to a Co-operative union within:

(A) 4 months. (B) 6 months
(C) 8 months. (D) 12 months

Ans: (B) 6 months


14-ATM stands for :

(A) Any time money
(B) Account transfer money
(C) Accurate Teller Machine
(D) Automated Teller Machine

Ans: (D) Automated Teller Machine


15-A Co-operative society cannot admit members within ______ days before the election agenda general body

(A) 40 (B) 50
(C) 60. (D) 80

Ans: (C) 60


16-NPA means :

(A) Net Present Asset.
(B) Net Profit on Asset
(C) Net Profit Analysis
(D) Non Performing Asset

AnsD) Non Performing Asset


17- _______ started the first Co-operative credit societies in the world:

(A) Britain. (B) France
(C) Germany. (D) India

Ans: (C) Germany


18-Minimum number of members required to Start an industrial Co-operative Society is:

(A) Two. (B) Seven.
(C) Ten (D) Twenty

Ans: (C) Ten


19-The Consumer fed was organised in the Year:

(A) 1955. (B) 1965
(C) 1975 (D) 1985

Ans: (B) 1965


20-Robert Owen was born in the year :

(A) 1969 (B) 1971
(C) 1973 (D) 1771

Ans: (D) 1771


21 ----------the owned funds of state Co-operative Banks :

(A) Share Capital
(B) Statutory reserve
(C) Debenture Capital
(D) Deposits

Ans: (A) Share Capital


22-Medium term loans are given for a period of :

(A) 2 years. (B) 3 years
(C) 5 years (D) 7 years

Ans: (C) 5 years


23-The 1st Non Agricultural Credit society was established at :

(A) Agra (B) Calcutta
(C) Baroda (D) Madras

Ans : (C) Baroda


24-The NAC was formed in the year :

(A) 1986 (B) 1996
(C) 1976. (D) 1966

Ans : (C) 1976


25-The NDDB was established in the year :

(A) 1945 (C) 1965
(B) 1955 (D) 1975

Ans : (C) 1965


26-The first Co-operative housing society was established in the year ----

(A) 1950, Bombay.
(B) 1940, Madras
(C) 1960, Agfa
(D) 1965, A11ahabad

Ans : 1905 , Bombay


27-Co-operative Societies creates Statutory reserve fund from :

(A) Gross profit.
(B) Net profit
(C) Deposits.
(D) Share Capital

Ans: B) Net profit


28-Banca popularie was formed by :

(A) Mazzini (B) Raiffeise
(C) Luzzati (D) Reggio

Ans : (C) Luzzati


29-Under Capitalism the entire means of production and distribution of goods and services are vested in the hands of:

(A) The Govt.
(B) The state
(C) The Public enterprises
(D) The Private individuals

Ans : (D) The Private individuals


30-Socialism is a system where in all means of production and distribution is owned and controlled by :

(A) The State
(B) The Businessman
(C) The Private.
(D) None of these

Ans: (A) The State


31-The Communist Manifesto was published in :

(A) 1838. (B) 1848
(C) 1858. (D) 1868

Ans: (B) 1848


32-The Apex body responsible for C0-operative training and education in India is:

(A) SCU. (B) DCU
(C) CCU (D) NCUI

Ans: (D) NCUI


33-Vaikuntu Mehta National Institute for Co-operative managements was constituted in:

(A) 1964 (B) 1965
(C) 1966 (D) 1967

Ans : (D) 1967


34-In 1953 ________ constituted a central committee for co-operative training:

(A) SBI. (B) SCB
(C) RBI (D) SCU

Ans: (C) RBI


35-SCU is a statutory body established by the Govt. of Kerala as per ________ of Co-operative Societies Act 1969 :

(A) Section 80. (B) Section 86
(C) Section 88 (D) Section 89

Ans: (D) Section 89


36-The Management of State Co-operative Union has a general body and a :

(A) Managing agent
(B) Manager
(C) Secretary
(D) Managing Committee

Ans: (D) Managing Committee


37-The first Co-operative Society came into being in :

(A) 1750 (B) 1760
(C) 1770 (D) 1730

Ans: (B) 1760


38-The first persons to formulate definite practical rules and demonstrate the possibilities Co-operative actions were the :

(A) Robert Owen
(B) Roach Dale Pioneers
(C) Dr. Willing King.
(D) None of these

Ans: (B) Roach Dale Pioneers


39-Co-operative principles by ICA in 1995 was the________ in which the principles we developed:

(A) First stage
(B) Second stage
(C) Third stage
(D) Final stage

Ans: (D) Final stage


40-ICA means :

(A) Indian C0-operative Alliance.
(B) International Co-0perative Alliance
(C) Industrial Co-operative Alliance.
(D) None of these

Ans: (B) International Co-0perative Alliance


41-A scheme of Co-operative Colony was organized by :

(A) Dr. William King
(B) Robert Owen
(C) Roach dale Pioneers
(D) None of these

Ans: (B) Robert Owen


42-In a socialist economy the surplus goes to :

(A) The Individual
(B) The Company
C) The State
(D) The Entrepreneur

Ans: C) The State


43- Co-operation favours the ____________in the economic affairs :

(A) Centralisation.
(B) Decentralisation
(C) Delegation.
(D) None ofthese

Ans : (B) Decentralisation


44-The idea of Co-operative common Wealth was first given by :

(A) Dr. Gadgil (B) Owen
(C) Roach Dale. (D) None of these

Ans: (A) Dr. Gadgil


45-The writers co-operatives was started in the year :

(A) 1937 (B) 1945
(C) 1947. (D) 1950

Ans: (B) 1945


46-The Head quartersof CAMPCO is at :

(A) Bangalore (B) Mangalore
(C) Madras. (D) Pune

Ans : (B) Mangalore


47-The rainbow emblem was suggested by :

(A) E. Bernardot.
(B) E. Fernandas
(C) E. Behrothra
(D) None of these

Ans: (A) E. Bernardot


48-In India we celebrate Co-operative week from ______ to ______every year:

( A) 7th to 13th November
(B) 14th to 20th November
(C) 21st to 27th November
(D) None of these

Ans; (B) 14th to 20th November


49-The Head Office of ILO is located at ;

(A) UK. (B) USA
(C) USSR . (D) Switzerland

Ans: (D) Switzerland


50-FAO was formed in the year :

(A) 1940 (B) 1943
(C) 1945 (D) 1947

Ans; (B) 1943


51-Robert Owen was born at :

(A) London. (B) New York
(C) Newton V. (D) Washington

Ans: (C) Newton


52-In England, the _________ was known as a period of a Hungry forties:

(A) 1840 (B) 1940
(C) 1740 (D) 1640

Ans: (A) 1840


53- ________ was a Mayor in Germany :

(A) Delitzsch (B) Schulze
(C) Raiffeisen (D) Robert Owen

Ans: (B) Schulze


54-Which country is known as the Dairy farm of Europe?

(A) Germany . (B) Switzerland
(C) France (D) Denmark

Ans: (D) Denmark


55-The process of separation of cream from milk was introduced by

(A) Nixson (B) Nelson
(C) Newton D (D) Niloser

Ans : (B) Nelson


56-UNICOOP JAPAN was established in :

(A) 1951 (B) 1941
(C) 1961 (D) 1971

Ans: (C) 1961


57-The Russian Revolution was in the year :

(A) 1914 (B) 1915
(C) 1916 (D) 1917

Ans: (D) 1917


58-Dr. Wollemborg did for __________ what Raiffeisen did for Germany:

(A) Italy (B) Denmark
(C) France (D) Britain

Ans: (A) Italy


59-The Soviet leaders a opted the system of collective farming known as:

(A) Kolkoz (B) Kolkor
(Cl Kolkon (D) Kolkom

Ans: (A) Kolkoz


60-The RRBs Act was passed in the year

(A) 1974. (B) 1976
(C) 1978 (D) None of these

Ans: (B) 1976


61-The first Land Mortgage Bank was registered on 30th June 1920 in:

(A) Bihar (B) Kerala
(C) Bengal (D) Punjab

Ans: (B) Kerala


62-The headquarters of KSCARDB is at :

(A) Kozhikode
(B) Kasarkode
(C) Thrissur
(D) Thiruvananthapuram

Ans: (D) Thiruvananthapuram


63- _________ is the apex institution of the marketing co-operatives in Kerala:

(A) SEREFED (B) MARKETFED
(C) CAMPCO (D) MARKFED

Ans: (B) MARKETFED


64-The NAFED has its headquarters at :

(A) Bombay (B) New Delhi
(C) Madras (D) Calcutta

Ans: (B) New Delhi


65-The NCDC was established in : ~
(A) 1953 (B) 1963
(C) 1973 (D) 1983

Ans: (B) 1963


66-The special type of accounting procedure followed by District wholesale co-operative stores is :

(A) Single Account System
(B) Double Account System
(C) Double Compartmental System
(D) None of these

Ans: (C) Double Compartmental System


67-The Apex level institution of the consumer movement in the state is :

(A) CAMPCO
(B) Consumer fed
(C) Consumer Co-operatives
(D) Central Co-operative bank

Ans: (B) Consumer fed


68-The biggest departmental store is :

(A) Bombay Super Market
(B) Calcutta Super Market
(C) Madras Super Market
(D) Delhi Super Market

Ans: (D) Delhi Super Market


69-ANAND is a place in KAIRA district of :

(A) Rajastan (B) Bihar
(C) Gujarat (D) UP

Ans: (C) Gujarat


70-White revolution was introduced and Operated under the able guidance of

(A) PJ kurian
(B) Dr. V. Kurian
(C) PJ Francis
(D) Dr. V. Francis

Ans: (B) Dr. V. Kurian


71-The Kerala state Co-operative housing federation wash organized with headquarters at:

(A) Thiruvananthapuram
(B) Cochin
(C) Kozhikode
(D) Thrissur

Ans: (B) Cochin


72- _________ is a fund constituted by the govt. by collecting levy of additional excise duty on mill made cloths :

(A) Cess Fund (B) Levy Fund
(C) Reserve Fund (D) Sinking Fund

Ans; (A) Cess Fund


73-NABARD is managed by a Board consisting of -l-l- members

(A) 10 (B) 15
(C) 20 (D) 25

Ans: (B) 15


74-The Swarozgar credit card scheme was introduced by ;

(A) RBI (B) SBI
(C) IDBI (D) NABARD

Ans: (B) SBI


75-The pattern of organisation of consumer C0~operative stores in the country represents a ________ tire structure :

(A) 4 (B) 3
(C) 2 (D) 1

Ans: (A) 4


76-All business transactions are firstly recorded in the :

(A) Journal (B) Ledger
(C) Trial Balance (D) Posting

Ans: (A) Journal


77-The Keystone of co-operative movement in kerala is ;

(A) UCB (B) ARDB
(C) DCB (D) SCB

Ans: (D) SCB


78-The Employees credit societies have got a &____ structure :

(A) Unitary (B) Quasi
(C) Federal (D) Quasi federal

Ans: (A) Unitary


79-The apex body of Labour co~operative movement in India is :

(A) NAC (B) NCDC
(C) IAC (D) NLCF

Ans: (D) NLCF


80------- was the first producer oriented Dairy Co-operative formed in India:

(A) Amulya (B) Kera
(C) Amul (D) Horlicks

Ans: (C) Amul


81-The short coming of the co-operative Societies Act of 1904 was removed by another Act in the year :

(A) 1910 (B) 1911
(C) 1912 (D) 1913

Ans: (C) 1912


82-Mirdha committee gave a new orientation to :

(A) Indian Co-operation
(B) Foreign Co-operation
(C) Co-operative principles
(D) Co-operative law

Ans: (A) Indian Co-operation


83-Multi state Co-operative Societies Act was enacted in :

(A) 2010 (B) 2012
(C) 2002 (D) 2008

Ans: (C) 2002


84-Mehta Committee report states that the Cadre of Registrar should not be below:

(A) IFS officer (B) ICS officer
(C) IAS ofiicer (D) None of these

Ans: (C) IAS ofiicer


85-Days of Grace is generally allowed in the Case of :

(A) Cheque (B) Bill of exchange
(C) Hundies (D) Bonds

Ans: (B) Bill of exchange


86-The biggest commercial bank in India iS :

(A) RBI (B) SBI
(C) SBT (D) None ofthese

Ans: (B) SBI


87-A co-operative society can give donations from the :

(A) Reserves
(B) Profit
(C) Capital
(D) Common goods fund

Ans: (D) Common goods fund


88-Who can open a crossed cheque?

(A) Drawer (B) Banker
(C) Drawee (D) Payee

Ans: (A) Drawer


89-The amendments to the bye-laws of a society can be made by :

(A) Managing committee
(B) General body
(C) Secretary
(D) Registrar

Ans: B) General body


90-The currency notes of India is issued by :

(A) State Co-operative Bank
(B) SBI
(C) Central Co-operative Bank
(D) RBI

Ans: (D) RBI


91-Books and Registers of Co-operative societies are maintained as per rule:

(A) Rule 14 (B) Rule 20
(C) Rule 29 (D) Rule 26

Ans: (C) Rule 29


92-Trial Balance is a :

(A) Account (B) Entry
(C) Cash Book (D) Statement

Ans: (D) Statement


93-While preparing final accounts of a co-operative society, overdue interest shall be shown on the :

(A) Income side of P & L A/c
(B) Expense side
(C) Asset side
(D) Liability side

Ans: (C) Asset side


94-Co-operative audit is done by :

(A) Chartered Accountant
(B) C0St ACC0UI1taI1f
(C) Department auditors
(D) Registrar

Ans: (C) Department auditors


95-Examination of transactions with the help of documentary evidence is called:

(A) Verification (B) Voucher
(C) Vouching (D) Auditing

Ans: (C) Vouching


96-Reserve fund is created out of :

(A) Share capital
(B) Admission fees
(C) Savings bank deposit
(D) Net profit

Ans : (D) Net profit


97------ is the amount given by Government which need not be repaid:

(A) Subsidy (B) Loan
(C) Advance (D) Grant

Ans: (D) Grant


98-The Co-operative department is headed by :

(A) The secretary
(B) The Registry
(C) The Auditor
(D) The Managing Director

Ans: (B) The Registry


99-The Registrar of Co-operative societies is appointed by :

(A) The Co-operative bank
(B) The Urban bank
(C) The State Co-operative bank .
(D) The Government

Ans: (D) The Government

100-Team Audit was introduced in the year;

(A) 1988 (B) 1978
(C) 1998 (D) 2008

Ans: (A) 1988

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