( Best 150+ ) Co-operative Management and Administration MCQ

Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 1. A ……………………. institution is a voluntary association of independent economic units, organized, capitalized and run by, and for its members, providing and/or marketing goods and services on cost-to-cost basis to their members. A. cooperative B. private C. public D. all of these Answer: - A. cooperative 2. …………………… movement can be an important instrument in furthering the socialist progress. A. cooperative B. privatization C. both a & b D. none of the above Answer: - A. cooperative 3. ……………… is, “a form of organisation wherein persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves”. A. cooperation B. joint stock companies C. cartels D. trusts Answer: - A. cooperation 4. …………… is nothing but “self-help made effective by organisation.” A. cooperation B. joint stock companies C. cartels D. trusts Answer: - A. cooperation 5. A…………………… has been defined as an “economic and social organisation of the working people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”. A. cooperative organisation B. private organisation C. public organisation D. all of these Answer: - A. cooperative organisation Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 6. In the words of …………………, cooperation is, “a form of organisation wherein persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves” A. h. calvert B. herrick C. horrace plunkett D. robert owen Answer: - A. h. calvert 7. According to …………….Herrick, it is “the act of poor persons voluntarily united for utilizing reciprocally their own forces, resources or both, under their mutual management to their common profit or loss”. A. herrick B. horrace plunkett C. robert owen D. h. calvert Answer: - A. herrick 8. In the words of Horrace Plunkett, it is nothing but “self-help made effective by organisation.” A. horrace plunkett B. robert owen C. h. calvert D. herrick Answer: - A. horrace plunkett 9. ……………………..eliminates the employers and provides independence to the workers. A. cooperation B. joint stock companies C. private firms D. none of the above Answer: - A. cooperation 10. A …………………….society is a union of weak and needy individuals who have equal rights and has one vote irrespective of the number of shares held by him. A. cooperative B. charitable C. both a & b D. none of these Answer: - A. cooperativeAlso Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 11. …………….determines where the organization is going and how it will get there. A. planning B. organizing C. directing/motivating D. controlling Answer: - A. planning 12. ………………….. sets organizational objectives and goals, forecasts the environment in which objectives must be accomplished, and determines the approach by which objectives and goals are to be accomplished. A. planning B. organizing C. directing/motivating D. controlling Answer: - A. planning 13. …………………is used to determine a policy and the procedures for putting it into effect. A. planning B. organizing C. directing/motivating D. controlling Answer: - A. planning 14. ………………..helps a manager shape the future of the organization rather than being caught in an endless trap of reacting only to current crises or problems. A. planning B. organizing C. directing/motivating D. controlling Answer: - A. planning 15. ………………is concerned with determining the specific activities needed to accomplish the planned objectives and goals. A. planning B. organizing C. directing/motivating D. controlling Answer: - B. organizingAlso Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 16. ………...........is concerned with grouping the activities into a logical pattern, framework, or structure. A. planning B. organizing C. directing/motivating D. controlling Answer: - B. organizing 17. ……………..is concerned with assigning the activities to specific positions and people; and providing means for coordinating the efforts of individuals and groups. A. planning B. organizing C. directing/motivating D. controlling Answer: - B. organizing 18. Organizing is a bridge connecting the planned objectives to specific projects for accomplishing these objectives. A. planning B. organizing C. directing/motivating D. controlling Answer: - B. organizing 19. ………………..through motivation concerns the people side of the organization. A. planning B. organizing C. directing/motivating D. controlling Answer: - C. directing/motivating 20. Managers must have leadership skills and be effective communicators for ………….function. A. planning B. organizing C. directing/motivating D. controlling Answer: - C. directing/motivatingAlso Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 21. In ……………………, management monitors the progress of plannedactivities. If progress is lagging, necessary adjustments are made. A. planning B. organizing C. directing/motivating D. controlling Answer: - D. controlling 22. ………………..is the checkup part of a manager’s job. A. planning B. organizing C. directing/motivating D. controlling Answer: - D. controlling 23. In the ………………….the board of directors reports to membership, reviewing the past business year and the year’s financial statements. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - A. annual general meeting 24. In the …………….the board seeks approval of its recommendations for surplus allocation. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - A. annual general meeting 25. In the ……………………the Business plan and budgets for the coming year are presented for Answer: - and approval. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - A. annual general meetingAlso Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 26. In the ………………an auditor is appointed. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - A. annual general meeting 27. In the ……………….membership elects a new board. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - A. annual general meeting 28. In the …………………the manager(s) reports to the board, which in turn provides direction to the manager(s). A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - B. board of directors meeting 29. The key function of……………………..is for the board to hold those in charge of making decisions on behalf of the cooperative society accountable for the outcomes of those decisions. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - B. board of directors meeting 30. The…………would also include evaluating the organizational structure used to take decisions by the managers. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - B. board of directors meetingAlso Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 31. In the ……………..the board evaluates the cooperative society’s financial position to determine whether or not the budgeted objectives are being met and what actions should be taken to improve the situation. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - B. board of directors meeting 32. In the ……………the board makes or changes policies as required, or recommends a policy to the membership if only the membership has the authority in a particular area. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - B. board of directors meeting 33. In the ……………….the Board members discuss long-term goals and strategy and ensure that a good planning process is in place to guide the cooperative society in the coming year(s). A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - B. board of directors meeting 34. In the ……………..the board approves new members or terminates a person’s membership. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - B. board of directors meeting 35. In the …………..consultation and decision-making about daily activities takes place between members and management. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - B. board of directors meeting Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 36. In ……………………who participates, will vary from co-operative to co-operative depending upon the organizational structures that have been approved by the membership and/or the board of directors. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - B. board of directors meeting 37. An ……………………………convenes once a year on a date fixed by the bylaws of the cooperative but, not later than three months after the end of the financial year. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - A. annual general meeting 38. The …………………. takes place only once. A. annual general meeting B. board of directors meeting C. operational meetings D. inaugural general meeting Answer: - D. inaugural general meeting 39. The …………….will approve the financial, social, and development plans for the following year. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - A. annual general meeting 40. The……………..will elect the managerial units of the cooperative and the control committee for the following year. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - A. annual general meetingAlso Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 41. The ……………….will fix the authorized maximum amount of debts that the cooperative society may contract with any credit supply organization. A. annual general meeting B. board of directors meeting C. operational meetings D. all meetings Answer: - A. annual general meeting 42. The…………………..meeting will be called only when amendments to the bylaw is required. A. annual general meeting B. board of directors meeting C. operational meetings D. extraordinary general meeting Answer: - D. extraordinary general meeting 43. The………………….. meeting will be called only when the cooperative is to be dissolved. A. annual general meeting B. board of directors meeting C. operational meetings D. extraordinary general meeting Answer: - D. extraordinary general meeting 44. In the ……………………….,decisions thereof require a special majority of all the members present at the meeting. A. annual general meeting B. board of directors meeting C. operational meetings D. extraordinary general meeting Answer: - D. extraordinary general meeting 45. ……………… may be called at any time during the year whenever necessary. A. annual general meeting B. board of directors meeting C. operational meetings D. special or ordinary general meetings Answer: - D. special or ordinary general meetingsAlso Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 46. ………………………may be summoned at the insistence of the management committee, the audit or the control committee, the registrar of cooperatives, or at the request of at least ten percent (10%) of all the members of the cooperative. A. special or ordinary general meetings B. annual general meeting C. board of directors meeting D. operational meetings Answer: - A. special or ordinary general meetings 47. A quorum for a meeting should be one person more than …………….of all members of the cooperative. A. 10% B. 30% C. 50% D. 60% Answer: - C. 50% 48. If there is no quorum the meeting will be postponed to no earlier than …………. hour later, and no more than one month later. A. one B. two C. three D. four Answer: - A. one 49. Where it is possible written notice must be sent to all members at their official addresses at least ………………………prior to annual and extraordinary general meetings A. one month B. two months C. three months D. one week Answer: - A. one month 50. Arrange the following in proper order. 1. Step 4 Select the best alternative. 2. Identifying/clarifying the decision to be made. 3. Step 6 Evaluating the decision 4. Step 3 Gathering/processing information and Analyze the alternatives 5. Step 5 Making/implementing the decision 6. 2 Identifying possible decision options. A. 6,2,4,1,5,3 B. 4,2,6,1,5,3 C. 1,2,3,4,5,6 D. 2,6,4,1,5,3 Answer: - D. 2,6,4,1,5,3Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 51. While evaluating the alternative decisions, a Manager has to check whether it can be done? That is the ………………. A. feasibility B. effectiveness C. consequences D. all the above Answer: - A. feasibility 52. While evaluating the alternative decisions, a Manager has to check how well does it resolve the problem? That is the ………………. A. feasibility B. effectiveness C. consequences D. all the above Answer: - B. effectiveness 53. While evaluating the alternative decisions, a Manager has to check what will be its costs (financial and nonfinancial) to the organization? That is the ………………. A. feasibility B. effectiveness C. consequences D. all the above Answer: - C. consequences 54. A committee on cooperative education and training was formed in 1935 under the Chairmanship …………………… A. sir malcom darling B. sir frederick nicolson C. edward maclagan D. swaminathan committee Answer: - A. sir malcom darling 55. This Committee is considered as the first committee which recommended for a planned programme as a systematic approach on co-operative education and training. A. sir malcom darling B. sir frederick nicolson C. edward maclagan D. swaminathan committee Answer: - A. sir malcom darling Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 56. …………………………………………… was established as per the recommendations of Swaminathan Committee of 1973 on 1st July 1976 with its headquarters in New Delhi. A. national council for cooperative training B. national council for education, C. university grants commission (ugc), D. agricultural universities Answer: - A. national council for cooperative training 57. Anational level cooperative union The ………….was organized in 1949 by amalgamating the All India Cooperative Institutes Association of 1928 and Indian Provincial Banks Association of 1949. A. national council for cooperative training B. national council for education C. national cooperative union of india D. the nationalcentre for cooperative education Answer: - C. national cooperative union of india 58. NCCT stands for…………….. A. national centre for cooperative training B. national council for co-operative training C. national council for central trade D. naital center for coopertive trade Answer: - B. national council for co-operative training 59. NCUI stands for……………… A. national cooperative union of india B. national cooperation under india C. national centre under india D. national council under india Answer: - A. national cooperative union of india 60. ………………………..has a 3 tier system of cooperative training consisting of, VAMNICOM at the apex level, Institute of Cooperative Management (ICM)/co-operative training colleges at the middle level and subordinate training centres or Junior Training Centres at lower level. A. national council for cooperative training B. national council for education C. national cooperative union of india D. the national centre for cooperative education Answer: - A. national council for cooperative training Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 61. The President of NCUI shall be the Chairman of ………………. A. ncct B. ncce C. nce D. all the above Answer: - A. ncct 62. The Chief Executive of NCUI shall be the Director General of ………….. A. ncce B. nce C. ncct D. icm Answer: - C. ncct 63. The ……………..is in overall charge of planning and coordination in the entire training programme on cooperation in the country. A. ncce B. nce C. ncct D. icm Answer: - C. ncct 64. NCCT has ………………at the apex level. A. vamnicom B. institute of cooperative management (icm)/co-operative training colleges C. junior training centres D. none of these Answer: - A. vamnicom 65. NCCT has ………………at the middle level. A. vamnicom B. institute of cooperative management (icm)/co-operative training colleges C. junior training centres D. none of these Answer: - B. institute of cooperative management (icm)/co-operative training colleges 66. NCCT has ………………at the lower level. A. institute of cooperative management (icm)/co-operative training colleges B. junior training centres C. vamnicom D. none of these Answer: - B. junior training centres Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 67. …………….committee suggested that Education and training programme should be separated. A. sir malcom darling B. sir frederick nicolson C. edward maclagan D. swaminathan committee Answer: - D. swaminathan committee 68. In 1956 a centre was started in New Delhi as a subsidiary to NCUI for providing education and training to the trainers or teachers of cooperation known as …………………. A. national council for cooperative training B. national council for education C. national cooperative union of india D. the national centre for cooperative education Answer: - D. the national centre for cooperative education 69. ………………is publishing two monthly magazines by name “The Cooperator” and “The Indian Cooperative Review”. A. national council for cooperative training B. national council for education C. national cooperative union of india D. the national centre for cooperative education Answer: - C. national cooperative union of india 70. ………………..was a combination of three erstwhile cooperative institutes namely Cochin Cooperative Institute of 1930, North Malabar Cooperative Union of 1932 and Travancore Cooperative Institute of 1947. A. kerala state cooperative union B. national council for cooperative training C. national council for education D. national cooperative union of india Answer: - A. kerala state cooperative unionAlso Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 71. What is NCUI to India is the ……………………….. to Kerala. A. kerala state cooperative union B. national council for cooperative training C. national council for education D. national cooperative union of india Answer: - A. kerala state cooperative union 72. The name of the magazine published by Kerala State Cooperative Union is………………. A. “the cooperative journal” B. “the cooperator” C. “the indian cooperative review”. D. all the above. Answer: - A. “the cooperative journal” 73. National Cooperative Union of India is publishing two monthly magazines by name ……………………….. A. “the cooperator” and “the indian cooperative review” B. “the indian cooperative review” and the cooperative journal” C. “the cooperator” and the cooperative journal” D. “the indian national cooperative review” and the national cooperative journal” Answer: - A. “the cooperator” and “the indian cooperative review” 74. The name of the magazine published by …………………is “The Cooperative Journal” A. kerala state cooperative union B. national council for cooperative training C. national council for education D. national cooperative union of india Answer: - D. national cooperative union of india 75. ………………… is a Post Graduate Diploma Course in cooperation of 11 months duration including two months practical training. A. h.d.c B. j.d.c C. c D. c Answer: - A. h.d.cAlso Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 76. The minimum qualification for education to the HDC course is a ………………… A. university degree. B. post graduation C. +2 pass D. 10 pass. Answer: - A. university degree. 77. H.D.C is a ………………………….in cooperation of 11 months duration including two months practical training. A. under graduate diploma course B. post graduate diploma course C. doctorate D. none of the above Answer: - B. post graduate diploma course 78. The minimum qualification for education to the ………………..course is a University Degree. A. h.d.c B. j.d.c C. p D. c Answer: - A. h.d.c 79. ……………………. is the art of recording all the business transactions in the books of account and is mainly related to books of original entry as well as the ledger. A. bookkeeping B. accountancy C. auditing D. all of the above Answer: - A. bookkeeping 80. ………………… is mainly concerned with the summary and analysis of the record furnished by Bookkeeping. A. accountancy B. auditing C. cost accounting D. all of the above Answer: - A. accountancy Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 81. Every society shall maintain …………………for recording the proceedings of the general body. A. minutes book B. note book C. file D. record book Answer: - A. minutes book 82. Every society shall maintain …………………for recording the applications for membership containing the name and address of the applicant. A. minutes book B. share application register C. admission register D. note book Answer: - B. share application register 83. Every society shall maintain …………………for recording the applications for membership,the number of shares applied for and in case of refusal, the date of communication of the decision refusing admission to the applicant. A. minutes book B. share application register C. admission register D. note book Answer: - B. share application register 84. ……………is a Register, showing the name and address of each member, the date of admission, the shares taken by him and the amount of share capital, if any refunded to him together with the date of each such payment and refund. A. nomination register B. share application register C. admission register D. minutes book Answer: - C. admission register 85. Every society shall maintain ……………….. , showing daily receipts and expenditure, and the balance at the end of each day. A. day book B. cash book C. receipt book D. general ledger Answer: - B. cash book Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 86. Every society shall maintain ……………….. , containing all vouchers for contingent expenditure incurred by the society, numbered serially and filed chronologically A. voucher file B. day book C. cash book D. receipt book Answer: - A. voucher file 87. Every society shall maintain………………..,showing deposits and other borrowings of all kinds. A. general ledger B. ledger of borrowing C. register of monthly receipts and disbursement D. none of the above Answer: - B. ledger of borrowing 88. In the case of a society, the working capital of which exceeds twenty thousand rupees, ……………………………..showing receipts and disbursements and the outstanding under various heads from day to dayis maintained. A. general ledger B. ledger of borrowing C. register of monthly receipts and disbursement D. none of the above Answer: - A. general ledger 89. In the case of issuing loans, …………………………., showing the number and date of disbursement of each loan issued to members the amount of loan, the purpose for which it is granted and the date or dates of repayment, distinguishing principal and interest A. loan ledger B. ledger of borrowing C. register of monthly receipts and disbursement D. suspense account register Answer: - A. loan ledger 90. Every society shall maintain ……………….. showing the indebtedness of each member to the society whether on account of loan taken directly by him or on account of loan which he stands as surety. A. liability register B. loan ledger C. ledger of borrowing D. suspense account register Answer: - A. liability register Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 91. In the case of a society with unlimited liability, property statement of members showing the assets and liabilities of each individual member on the date of his admission with full details of the property including the survey number of the lands, is kept in ……………………….. A. liability register B. loan ledger C. suspense account register D. register of declaration Answer: - D. register of declaration 92. Every co-operative society shall maintain accounts and book for the purpose of recording business transactions by it and close them every year on ………………… A. 31st december, by the 31st january B. 31st march, by the 30th april. C. 30th june, by the 31st july D. 30th september, by 31st october Answer: - B. 31st march, by the 30th april. 93. Every balance sheet of a co-operative society shall give …………………… view of the state of affairs of the society as at the end of the Co-operative year. A. a true and fair B. actual C. fair D. overall Answer: - A. a true and fair 94. Every Co-operative society shall submit to the …………………..annually within April each year a copy of each of the statements specified in the act. A. auditor B. directors C. secretary D. registrar Answer: - D. registrar 95. A statement which contains a classified summary or list of all closing balances of the General Ledger is known as the …………………. A. profit and loss account B. balance sheet C. trial balance D. receipts and payments Answer: - C. trial balance Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 96. If the totals of two sides of trial balances agree, normally it signifies the ………………. of the accounts. A. correctness B. accuracy C. arithmetical accuracy D. true and fair view Answer: - C. arithmetical accuracy 97. The odd one out in the following is……………………. A. fuel, oil electricity and other power charges. B. store and spare parts consumed. C. direct or indirect labour. D. cost of goods purchased Answer: - D. cost of goods purchased 98. The odd one out in the following is……………………. A. direct or indirect labour. B. maintenance of factory, plant, machinery, tools, stores, etc. C. insurance of factory building, tools, machinery etc. D. value of closing stock. Answer: - D. value of closing stock. 99. ……………..is not shown in Manufacturing Account. A. factory lighting, water charges etc. B. interest paid and due C. rent, rates and taxes of the factory premises. D. salaries of the technical staff and officers including works manager, factory superintendent etc. Answer: - B. interest paid and due 100. Cost of goods purchased, Net sale proceeds, Value of closing stock are shown in………………. A. profit and loss account B. trading account C. manufacturing account D. balance sheet Answer: - B. trading account Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 101. Interest earned, Miscellaneous income, Commission, Profit in non-credit businessare shown on the credit side of ……… A. profit and loss account B. trading account C. manufacturing account D. balance sheet Answer: - A. profit and loss account 102. ………………are the expenses paid on account of rent, rates and taxes, insurance premiums, subscriptions membership fee etc. for periods that extent beyond the date of the balance sheet. A. prepaid expenses B. interest receivable C. deferred revenue expenditure D. outstanding expenses Answer: - A. prepaid expenses 103. Expenses incurred but not paid, are called…………. A. prepaid expenses B. interest receivable C. deferred revenue expenditure D. outstanding expenses Answer: - D. outstanding expenses 104. Interest accrued up to the date of balance sheet are known as ……………….. A. prepaid expenses B. interest receivable C. deferred revenue expenditure D. outstanding expenses Answer: - B. interest receivable 105. When heavy expenditure is incurred and the benefits of which extend to periods beyond the date of the balance sheet, such expenditure should be equitably spread over the period during which the benefits of such expenditure would be available and are known as …………………. A. prepaid expenses B. interest receivable C. deferred revenue expenditure D. outstanding expenses Answer: - C. deferred revenue expenditure 106. In the case of non trading societies such as Co-operative Education Societies, hospital, societies and similar other types of societies, which do not undertake trading activities, it is common to term the “Profit and Loss Account” as………….. A. revenue account B. income and expenditure account C. profit statement D. both (a) and (b) Answer: - D. both (a) and (b) Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 107. Realisable Value of an asset is…………… A. the estimated amount that the assets would fetch, if sold or disposed off. B. the amount that is estimated to replace the asset C. the amount that an asset costs, when purchased or acquired, less the provisions made for depreciation since its acquisition D. all of the above Answer: - A. the estimated amount that the assets would fetch, if sold or disposed off. 108. The written down value or going concern value of an asset is………. A. the estimated amount that the assets would fetch, if sold or disposed off. B. the amount that is estimated to replace the asset C. the amount that an asset costs, when purchased or acquired, less the provisions made for depreciation since its acquisition D. all of the above Answer: - C. the amount that an asset costs, when purchased or acquired, less the provisions made for depreciation since its acquisition 109. The replacement value of an asset is…………… A. the estimated amount that the assets would fetch, if sold or disposed off. B. the amount that is estimated to replace the asset C. the amount that an asset costs, when purchased or acquired, less the provisions made for depreciation since its acquisition D. all of the above Answer: - B. the amount that is estimated to replace the asset Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 110. Interest accrued on investment and loans, Stock in trade in case of trading concerns are known as ……………assets. A. current B. wasting C. floating D. both (a) and (c) Answer: - D. both (a) and (c) Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 111. ……………..assets are those of a fixed nature and are gradually exhausted and used up in the course of working, such as a mine or quarry. A. current B. wasting C. floating D. both (a) and (c) Answer: - B. wasting 112. ……………..will be acquired only by co-operatives which undertake publication of books. A. copy rights B. trade marks C. patents D. good will Answer: - A. copy rights 113. Registered debentures, stocks and shares, Government Securities, Inscribed stocks and Bearer bonds and share warrants are……… A. current assets B. floating assets C. investments D. fixed assets Answer: - C. investments 114. Valuation of stock in trade is at ………………………. A. cost B. market price C. cost or market price D. cost or market price whichever is lower Answer: - D. cost or market price whichever is lower 115. ………………arises due to inefficiency, negligence, mischief or bad luck etc. A. normal loss B. abnormal loss C. loss D. cost Answer: - B. abnormal loss Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 116. In manufacturing and processing societies by-products may be valued at their …………………….. A. current ruling prices B. cost C. predetermined prices D. average price Answer: - A. current ruling prices 117. In farming societies producing crops with an annual cycle the basis of valuation of by products may be ………………… A. the selling price B. cost C. predetermined prices D. average prices Answer: - A. the selling price 118. ……………are certain assets which represent capital expenditure which may not have resulted in identifiable profit earning assets and which still remain to be written off. A. fixed assets B. intangible assets C. fictitious assets D. floating assets Answer: - C. fictitious assets 119. The word ‘Auditor’ is derived from the Latin word …………..meaning to hear. A. audire B. audio C. perceive D. to listen Answer: - A. audire 120. The main object of audit today is to ………. A. find out whether the accounts of a particular concern exhibits a true and fair view of the financial state of affairs. B. to detect errors, fraud etc C. both (a) and (b) D. none of the above Answer: - A. find out whether the accounts of a particular concern exhibits a true and fair view of the financial state of affairs. Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 121. ………………… is a written record of queries made, replies furnished there against, correspondence entered into, observations made at the time of checking etc. A. audit note book B. working papers C. audit program D. both (a) and (b) Answer: - A. audit note book 122. are lists of audit procedures to be performed by audit staff in order to obtain sufficient appropriate evidence. A. audit program B. working papers C. audit note book D. both (a) and (b) Answer: - A. audit program 123. …………………………. is a detailed plan of the auditing work to be performed, specifying the item in the financial statements and allocating tentative time required. A. audit programme B. working papers C. audit note book D. both (a) and (b) Answer: - A. audit programme 124. ………………………….provides a guide in arranging and distributing the work and in checking against the possibility of omissions. A. audit programme B. working papers C. audit note book D. both (a) and (b) Answer: - A. audit programme 125. …………….. are those papers which contain essential facts about the accounts so that the auditors may not have again to go over the accounts. A. working papers B. audit note book C. audit programme D. both (a) and (b) Answer: - A. working papers Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel 126. A ………….. is documentary evidence in support of a transaction in the Books of account A. bill B. voucher C. file D. ledger Answer: - B. voucher 127. The act of establishing the accuracy and authenticity of entries in the account books is called ………… A. checking B. vouching C. balancing Answer: - B. vouching 128. The Society which requires no help from official and non-official staff for its working (excepting annual audit) comes under…………….. A. ‘b’ class B. ‘a’ class C. ‘c’ class D. ‘d’ class Answer: - B. ‘a’ class 129. An…………………………… Society does not want any supervision from the Union or Central Banks. A. ‘b’ class B. ‘a’ class C. ‘c’ class D. ‘d’ class Answer: - B. ‘a’ class 130. Societies the overdues of which exceed 40% and which are moribund are to be classified as ……………….. A. a B. b C. c D. d Answer: - D. d Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel Co-operative Management and Administration MCQ co operative management mcq pdf | co operative management and administration study material pdf | mcq on co-operative bank pdf | mcq on co-operative society pdf | cooperative management book pdf | cooperative management exam questions | mcq on international co-operative alliance | diploma in co- operative management notes Co-operative Management and Administration MCQ 131. The overdues in a……………… Class Society should not be above 25%. A. a B. b C. c D. d Answer: - B. b 132. The overdues in a ‘B’ Class Society should not be above…………. A. 10% B. 30% C. 25% D. 50% Answer: - C. 25% 133. In ……………………….. Central Banks, the arrears under principal should not exceed 20% of demand and arrears under interest should not exceed 5% of the demand. A. ‘b’ class B. ‘a’ class C. ‘c’ class D. ‘d’ class Answer: - B. ‘a’ class 134. In ………………………. Central Banks, the arrears under principal may exceed 20% but should not exceed 40% of the demand. There may be interest overdues but it should not exceed 10% of the demand. A. ‘b’ class B. ‘a’ class C. ‘c’ class D. ‘d’ class Answer: - A. ‘b’ class 135. In ………………………………..Central Banks, the overdues under principal exceed 60% of the demand and under interest exceed 15% of the demand. A. ‘b’ class B. ‘a’ class C. ‘c’ class D. ‘d’ class Answer: - D. ‘d’ class Also Read :- Marketing Management MCQs Digital Business Management MCQs Cost Accounting MCQs Join Our Telegram Channel

( Best 150+ ) Co-operative Management and Administration MCQ

Co-operative Management and Administration MCQ

Co-operative Management and Administration MCQ

110. Interest accrued on investment and loans, Stock in trade in case of trading concerns are known as ……………assets.

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110. Interest accrued on investment and loans, Stock in trade in case of trading concerns
are known as ……………assets.