MCQ on Co-operative Societies in India – Indian Polity
Q1. Which part of the Indian Constitution deals with Co-operative Societies?
a) Part IX-B
b) Part IX-A
c) Part IX
d) Part X
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Correct Answer: a) Part IX-B
Explanation: Part IX-B of the Indian Constitution deals with Co-operative Societies.
Q2. Which Constitutional Amendment Act gave a constitutional status and protection to Co-operative Societies?
a) 73rd Amendment
b) 74th Amendment
c) 97th Amendment
d) 101st Amendment
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Correct Answer: c) 97th Amendment
Explanation: The 97th Constitutional Amendment Act of 2011 gave a constitutional status and protection to Co-operative Societies.
Q3. Which article of the Indian Constitution provides the right to establish Co-operative Societies?
a) Article 19(1)(c)
b) Article 21
c) Article 23
d) Article 25
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Correct Answer: a) Article 19(1)(c)
Explanation: The right to establish Co-operative Societies is given in Article 19(1)(c) of the Indian Constitution.
Q4. What type of organization structure do Co-operatives in India follow?
a) Centralized Structure
b) Decentralized Structure
c) Unitary Structure
d) Federal Structure
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Correct Answer: d) Federal Structure
Explanation: Co-operatives in India follow a Federal Structure.
Q5. Which level does the Apex Society represent in the Co-operative Societies hierarchy?
a) Village level
b) District level
c) State level
d) National level
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Correct Answer: c) State level
Explanation: Apex Society represents the State level in the Co-operative Societies hierarchy.
Q6. For Co-operative Credit Societies, the interest rate for deposits is fixed by:
a) Registrar
b) Government
c) General Body
d) RBI
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Correct Answer: a) Registrar
Explanation: For Co-operative Credit Societies, the interest rate for deposits is fixed by the Registrar.
Q7. In a Co-operative Society, admission of members and allocation of shares is done by:
a) Secretary
b) Managing Committee
c) President
d) General Body
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Correct Answer: b) Managing Committee
Explanation: In a Co-operative Society, admission of members and allocation of shares is done by the Managing Committee.
Q8. Urban Credit Cooperatives are also known as:
a) National Banks
b) Urban Cooperative Banks
c) Cooperative Banks
d) None of the above
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Correct Answer: b) Urban Cooperative Banks
Explanation: Urban Credit Cooperatives are also known as Urban Cooperative Banks.
Q9. Cooperative banks that fall under the Banking Regulation Act of 1949 are controlled by:
a) NABARD
b) National Cooperative Union of India
c) RBI
d) SEBI
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Correct Answer: c) RBI
Explanation: Cooperative banks that fall under the Banking Regulation Act of 1949 are controlled by the Reserve Bank of India (RBI).
Q10. The first law related to Co-operative Societies in India was passed during the tenure of:
a) Lord Curzon
b) Lord Ripon
c) Lord Dalhousie
d) Lord Wellesley
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Correct Answer: a) Lord Curzon
Explanation: The first law related to Co-operative Societies in India was passed during the tenure of Lord Curzon.
Q11. Which of the following is not a type of Co-operative Society?
a) Credit Co-operative Society
b) Housing Co-operative Society
c) Marketing Co-operative Society
d) None of the above
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Correct Answer: d) None of the above
Explanation: All the options mentioned are types of Co-operative Societies.
Q12. The primary objective of a Co-operative Society is to:
a) Maximize profit
b) Provide services to its members
c) Promote competition
d) None of the above
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Correct Answer: b) Provide services to its members
Explanation: The primary objective of a Co-operative Society is to provide services to its members.
Q13. The liability of members in a Co-operative Society is:
a) Limited
b) Unlimited
c) Joint
d) None of the above
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Correct Answer: a) Limited
Explanation: The liability of members in a Co-operative Society is limited to the extent of their share capital.
Q14. Which of the following is a feature of Co-operative Societies?
a) Voluntary membership
b) Profit maximization
c) Centralized management
d) None of the above
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Correct Answer: a) Voluntary membership
Explanation: Voluntary membership is a feature of Co-operative Societies.
Q15. The management of a Co-operative Society is vested in the hands of:
a) The Registrar
b) The Managing Committee
c) The General Body
d) The President
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Correct Answer: b) The Managing Committee
Explanation: The management of a Co-operative Society is vested in the hands of the Managing Committee.
Q16. The Co-operative Societies Act was first enacted in India in which year?
a) 1904
b) 1912
c) 1925
d) 1934
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Correct Answer: a) 1904
Explanation: The Co-operative Societies Act was first enacted in India in 1904.
Q17. The Co-operative Societies Act of 1912 was amended in which year?
a) 1925
b) 1934
c) 1942
d) 1956
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Correct Answer: c) 1942
Explanation: The Co-operative Societies Act of 1912 was amended in 1942.
Q18. The Multi-State Co-operative Societies Act was enacted in which year?
a) 1984
b) 1990
c) 2002
d) 2010
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Correct Answer: a) 1984
Explanation: The Multi-State Co-operative Societies Act was enacted in 1984.
Q19. The Co-operative Societies Act of 1912 was replaced by which Act?
a) The Co-operative Societies Act, 1942
b) The Co-operative Societies Act, 1956
c) The Co-operative Societies Act, 1965
d) The Co-operative Societies Act, 1976
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Correct Answer: a) The Co-operative Societies Act, 1942
Explanation: The Co-operative Societies Act of 1912 was replaced by the Co-operative Societies Act, 1942.
Q20. The Co-operative Societies Act, 1942, was replaced by which Act?
a) The Co-operative Societies Act, 1956
b) The Co-operative Societies Act, 1965
c) The Co-operative Societies Act, 1976
d) The Co-operative Societies Act, 1984
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Correct Answer: b) The Co-operative Societies Act, 1965
Explanation: The Co-operative Societies Act, 1942, was replaced by the Co-operative Societies Act, 1965.