MCQs on Cooperative Society
Cooperative societies are formed with the aim of helping their members. This type of business organisation is formed mainly by weaker sections of the society in order to prevent any type of exploitation from the economically stronger sections of the society.
Following are some of the Cooperative society multiple choice questions and answers that will help the students in brushing up their understanding of the concept.
- . The International Co-operative Alliance appointed a sub-committee in ……….. for the
first reformulation of Principles of Co-operative Sector.
- a) 1934
- b) 1964
- c) 1954
- d) 1944
Answer: – a) 1934
- For the second reformulation of Principles of Co-operative Sector, The International Cooperative Alliance appointed a sub-committee in ……………
- a) 1964
- b) 1935
- c) 1954
- d) 1944
Answer: – a) 1964
- The International Co-operative Alliance revised the co-operative principles for the third
time in its Manchester Congress in ………….
- a) 1964
- b) 1995
- c) 1934
- d) 1994
Answer: – b) 1995
- . …………………has been compared to a “State within A State”
a) State
b) Cooperation
c) Capitalism
d) Socialism
Answer: – b) Cooperation
- ……………..plays an equalizing role as a welfare factor in a capitalistic economy.
- a) Socialism
- b) Trade Unionism
- c) Joint Stock Companies
- d) Cooperation
Answer: – d) Cooperation
- ………….. is a voluntary and democratic association of human beings, based on equality
of control, opportunity, distribution and mutuality for the promotion of their common
interests as producers or consumers.
a) Organization
b) Company
c) Co-operation
d) Non-profit organization
Answer: – c) Co-operation
- …………… serves as an organizational instrument for the economically weaker
producers-farmers, artisans or workers and consumers for strengthening themselves and
protecting themselves against the exploitation by the stronger.
a) Organization
b) Company
c) Co-operation
d) Non-profit organization
Answer: – c) Co-operation
- . The word ………… literally means to work together or act together.
a) Organization
b) Company
c) Co-operation
d) Association
Answer: – c) Co-operation
- . The I.C.A appointed a Commission in ………………….. to ascertain how far the
principles of the Rochdale as defined by I.C.A in 1937 are observed today and the
reasons for any non-observance.
a) October, 1964
b) October, 1984
c) November, 1964
d) November, 1984
Answer: – a) October, 1964
- . . ……………..is based on the principle of self interest, maximization of profits
and exploitation.
a) co-operation
b) capitalism
c) socialism
d) trade unionism
Answer: – b) capitalism
