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 1970 the Reserve bank of India set up the ………………for the review of
rural credit system.
a) All India Rural Credit Review Committee
b) National Cooperative Development Corporation
c) Committee of Direction of the Rural Credit Survey
d) All of the above
Answer: – a) All India Rural Credit Review Committee
- The …………….Committee constituted to Review the Arrangements for
Institutional Credit for Agriculture and Rural Development in 1981, recommended the
establishment of NABARD.
a) Sivaraman
b) Sir Maclagan
c) Khusro
d) Brahm Prakash
Answer: – a) Sivaraman
- . The Sivaraman Committee constituted to Review the Arrangements for
Institutional Credit for Agriculture and Rural Development in 1981, recommended the
establishment of……………..
a) NABARD
b) NCDC
c) NCUI
d) All of the above
Answer: – a) NABARD
- . The Sivaraman Committee was constituted in the …………..five year plan and it
recommended the establishment of NABARD.
a) Second
b) Fourth
c) Sixth
d) Eighth
Answer: – c) Sixth
- . The ………………….committee was appointed by the Planning Commission of
India to prepare a Model Cooperative Bill.
a) Sivaraman
b) Sir Maclagan
c) Khusro
d) Brahm Prakash
Answer: – d) Brahm Prakash
- . In India cooperative legislation started in …………..
a) 1904
b) 1912
c) 1901
d) 1882
Answer: – a) 1904
- . The shortcomings in the Act of 1904 was removed by another legislation known
as………….
a) Cooperative Societies Act of 1912.
b) The Model Cooperative Act
c) Constitution Amendment Bill
d) None of these
Answer: – a) Cooperative Societies Act of 1912.
- . The ……………committee,1945 observed that the Act of 1912 needed revision
in certain respects and recommended that the provinces in which the cooperative societies
act of 1912 was in force should pass special acts keeping in view their past experience
and the future needs of the movement.
a) Sivaraman
b) Sir Maclagan
c) Khusro
d) Saraiya
Answer: – d) Saraiya
- . The report submitted by the ………………….. consisted of two volumes: the
first contained Model Cooperative Societies Bill and Rules and the second volume
contained model bye-laws for various types of societies.
a) Committee on Cooperative Law in 1955
b) Committee of Direction of all India Rural Credit Survey 1954
c) Saraiya Committee
d) None of the above
Answer: – a) Committee on Cooperative Law in 1955
- . A novel form of cooperative organization known as Producer Company was
introduced by amending the …………………..
a) Companies Act, 1956
b) Companies Act, 1913
c) Cooperative societies Act of 1904
d) Cooperative societies Act of 1912
Answer: – a) Companies Act, 1956
