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.
- In India, the first cooperative land mortgage bank was established in 1920
at…………..
a) Mumbai in Maharashtra
b) Jhang in Punjab.
c) Chennai in Tamil Nadu
d) Ajmer in Rajasthan
Answer: – b) Jhang in Punjab.
- . It was from the beginning of the …………………. that the policies oriented
towards development purposes were adopted and land mortgage banks were called “Land
Development Banks”.
a) First Five Year Plans
b) Second Five Year Plans
c) Third Five Year Plans
d) Fourth Five Year Plans
Answer: – c) Third Five Year Plans
- . The ………………………. are organized in 3 tiers namely; state, central, and
primary level and they meet the long term credit requirements of the farmers for
developmental purposes.
a) Land development banks
b) Primary Banks
c) Urban Cooperative Banks
d) NABARD
Answer: – a) Land development banks
- . …………………..are now known as Cooperative Agriculture and Rural
Development Banks
a) Land development banks
b) Primary Banks
c) Urban Cooperative Banks
d) NABARD
Answer: – a) Land development banks
- . The origins of the urban co-operative banking movement in India can be traced
to the close of ………………………..
a) Eighteenth century
b) Twentieth century
c) Nineteenth century
d) Seventeenth century
Answer: – c) Nineteenth century
- Committee to Review Arrangements For Institutional Credit for Agricultural and
Rural Development, under the chairmanship of Sri B Sivaraman recommended the
establishment of ………………………
a) National Federation of State Cooperative Banks Ltd
b) National Bank for Agricultural and Rural Development
c) National Federation of Urban Cooperative Banks and Credit Societies Ltd
d) National Cooperative Agriculture & Rural Development Banks’ Federation Ltd
Answer: – b) National Bank for Agricultural and Rural Development
- At Ajmer in Rajasthan the first DCB was established in ………….
a) 1900
b) 1920
c) 1910
d) 1950
Answer: – c) 1910
- The first DCB was established at………………..in 1910.
a) Mumbai in Maharashtra
b) Ahmedabad in Gujarat
c) Chennai in Tamil Nadu
d) Ajmer in Rajasthan
Answer: – d) Ajmer in Rajasthan
- ……………………..is the vertex of the pyramidal structure in a State for the
provision of short and medium term credit to agriculturists on cooperative basis.
a) District Central Cooperative Banks
b) Primary Agricultural Credit Societies
c) State Cooperative Banks
d) All the above
Answer: – c) State Cooperative Banks
- A …………………. also acts as a balancing center and clearing house for the
central cooperative banks.
a) State cooperative bank
b) District Central Cooperative Banks
c) Primary Agricultural Credit Societies
d) All the above
Answer: – a) State cooperative bank
