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.
- …………………….. is the birth-place of land mortgage banking
a) Japan
b) Israel
c) Germany
d) India
Answer: – b) Israel
- Germany is the birth-place of …………..
a) land mortgage banking
b) commercial banks
c) Insurance companies
d) Cooperative agricultural marketing
Answer: – d) Cooperative agricultural marketing
- In India, the first cooperative land mortgage bank was established in ……………
at Jhang in Punjab.
a) 1900
b) 1920
c) 1910
d) 1950
Answer: – b) 1920
- The Urban Credit Cooperatives are also commonly known as ……………….
a) Urban Cooperative Banks
b) Cooperative Banks
c) National Banks
d) None of the above
Answer: – a) Urban Cooperative Banks
- The cooperative credit institutions in the country may be broadly classified into..
a) Primary Agriculture Credit Societies and District Level Cooperative Banks
b) District Level Cooperative Banks and State Cooperative Apex Banks
c) Urban credit cooperatives and rural credit cooperatives
d) None of the above
Answer: – b) District Level Cooperative Banks and State Cooperative Apex Banks
- With regard to short-term credit cooperatives, at the central level
……………………….. act as a link between primary societies and State Cooperative
Apex Banks.
a) District Level Cooperative Banks
b) Primary Cooperative Agriculture and Rural Development Banks
c) State Cooperative Agriculture and Rural Development Bank
d) None of the above
Answer: – a) District Level Cooperative Banks
- The ……………………… controls the cooperative banks that falls under the
banking regulation act of 1949.
a) Reserve Bank of India
b) NABARD
c) National Cooperative Union of India
d) None of the above
Answer: – a) Reserve Bank of India
- NCCT stands for………………
a) National Centre For Cooperative Training
b) National Council For Cooperative Training
c) National Council For Cooperation And Training
d) National Centre And Council For Cooperative Training
Answer: – b) National Council For Cooperative Training
- NCCT was recommended by…………………………..
a) Royal Commission
b) Sir Frederic Nicholson committee
c) Swaminathan Committe
d) Mac lagan Committee
Answer: – c) Swaminathan Committe
VAMNICOM stands for …………..
a) Vaikund Mehta Institute Of National Cooperation And Management
b) Vaikund Mehtha National Institute Of Cooperative Management
c) Vaikund Mehtha National Institute Of Cooperation And Management
d) Vaikund Mehta National Institute Of Cooperative Management And Research
Answer: – b) Vaikund Mehtha National Institute Of Cooperative Management