10-07-2018 LD CLERK APEX CO-OPERATIVE SOCIETY

LD CLERK APEX CO-OPERATIVE SOCIETY

EXAM DATE:10-07-2018

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1.Kerala Co-operative Milk Marketing Federation(KCMMF),popularly called’MILMA’was established in-------------with its head office at Trivandrum for the successful implementation of ‘Operation Flood’Programme in Kerala.

A.May,1988

B.April,1980

C.January,1988

D.December,1988

Ans:B

2.The ----------founded in 1844,is usually considered the first successful co-operative enterprise,used as a model for modem coops.,

A.The Fenwick Weavers’Society

B.Co-operative League of the USA

C.International Co-operative Alliance

D.Rochdale Society of Equitable Pioneers,(RCEP)

Ans:D

3.Expand CICED,which was established in order to enhance education quality in developing countries.

A.Centre for Indian Co-operative Education and Deployment.

B.Centre for International Co-operation in Education Development

C.Commissioner of Indian Co-operative Education Department

D.Consortium for International Co-operation in Education Development

Ans:B

4.The first Scheduled Bank in the Co-operative sector was the

A.Malabar Grameen Co-operative Bank

B.Cochin Central Co-operative Bank

C.KSCB

D.Kollam District Co-operative Bank

Ans:C

5.The ----------was the first international association formed(1895)by the cooperative movement which includes the World Council of Credit Unions.

A.International Co-operative Alliance

B.The National Co-operative Business Association

C.International Raiffeisen Union

D.Co-operative League of the USA

Ans:A

6.Who was a social reformer and pioneer of the cooperative movement?

A.David Dale

B.George Kurian

C.Robert Owen

D.William King

Ans:C

7.A--------is a cooperative that is run by and for a network of volunteers,for the benefit of a defined membership or the general public,to achieve some goal.

A.Volunteer co-operative

B.Network co-operative

C.Social Co-operative

D.General co-operative

Ans:A

8.Co-operative flag was designed by

A.The Central Government

B.ICA

C.NCCT

D.International Co-operative Union

Ans:B

9.National Agricultural Co-operative Marketing Federation of India Ltd.(NAFED)was established on the auspicious day of Gandhi Jayanti on---------

A.2^nd October,1948

B.2^nd October,1958

C.2^nd October,1968

D.2^nd October,1978

Ans:B

10.Cooperative Development Services was founded in 1985 by

A.Robert Owen

B.David Dale

C.Rod Nilsestuen

D.William King

Ans:C

11.Who undertakes the responsibility of providing Co-operative Education and Training in Kerala?

A.Central Co-operative Training Institute

B.State Co-operative Union

C.Central Co-operative Union

D.SIDBI

Ans:B

12.”Circle Co-operation Union”means a circle co-operative union constituted under Section -----------of the Kerala Co-operative Societies Act.
A.2

B.22

C.88

D.66

Ans:C

13.------------means a society having jurisdiction over one or more Revenue Districts but not the whole of the State as its area of operation;and having as its members only other societies and declared as such by the Registrar or the Government.

A.Central society

B.Apex society

C.District Co-operative Society

D.Regional society

Ans:A

14.”-------------member”means a member who possesses only such privileges and rights of a member and who is subject only to such liabilities of a member as may be specified in the bye laws.

A.Active or vibrant

B.Nominal or associate

C.Sleeping or dormant

D.Member by estoppel or holding out

Ans:B

15.The number of applicants for registration of a society shall not be less than

A.Ten,each of such person being  a member of  a different family.

B.Twenty-five,each of such person being a member of same family.

C.Ten each of such person being a member of same family

D.Twenty-five,each of such person being a member of a different family.

Ans:D

16.The following one is not a reason for the Cancellation of registration certificates of societies:

A.Where the whole of the assets and liabilities of a society are transferred to another society in accordance with the provisions of section-14

B.Where two or more societies are amlgamated into a new society in accordance with the provisions of Section-14

C.Where a society is divided into two or more societies in accordance with the provisions of Section-14.

D.None of these

Ans:D

17.Every member of a society shall exercise his vote:

A.In person

B.By proxy

C.Both(A)&(B)

D.None of these

Ans:C

18.Co-operative Arbitration Court refers to a court formed under Section-----------of the Act.

A.70

B.70A

C.80

D.81A

Ans:B

19.The committee of  a society may,at any time,call a special general body meeting of the society and shall call such meeting within one month:

A.From such number of members

B.After receipt of a requisition in writing from the Registrar

C.A proportion of the total number of members,as may be prescribed

D.All these

Ans:D

20.The Government may provide moneys to a society for the purchase of shares in other societies with limited liability.It is

A.Direct partnership of Government in Societies

B.Indirect partnership of Government in societies

C.Both(A)&(B)

D.None of these

Ans:B

21.The following one is not true in respect of A society:It shall,out of its net profits in any year,

A.Transfer an amount not being less than fifteen percent of the net profits to the reserve fund.

B.Credit such portion of the net profits,not exceeding five percent,as may be prescribed,to the Co-operative Education Fund referred to in clause(xix)of subsection(2)of Section 109.

C.Pay,in the case of a Central Society,including a District Cooperative Bank,dividend to its members,on their paid up share capital such rate not exceeding twenty per cent.

D.None of these

Ans:D

22.The -----------shall by notification in the official gazette,appoint a person to be the Director of Co-operative Audit with jurisdiction over the whole of the State.

A.Registrar

B.Co-operative union

C.Government

D.Apex society

Ans:C

23.The Central Institute of Coir Technology is at

A.Bangalore

B.Chennai

C.Trivandrum

D.Alappuzha

Ans:A

24.The year in which the Kerala State Co-operative Societies Act  was passed in Kerala

A.1969

B.1912

C.1956

D.2013

Ans:A

25.The Kerala Co-operative Societies(Amendment)Act was passed in:

A.1969

B.1978

C.1971

D.2013

Ans:C

26.Who published the publication”Co-operator”in England?

A.Robert Owen

B.William King

C.Federic Tailor

D.Scultz Delittech

Ans:B

27.Who can convene the last general body of a society?
A.The Liquidator

B.The Members

C.The Government

D.The Registrar

Ans:A

28.The term”Co-operation”is derived from the ----------word ‘Co-operari’which means----------.

A.Latin,to work

B.French,to save

C.German,to collect

D.English,to help

Ans:A

29.Equitable distribution of surplus is one of the pivotal principles followed by

A.An HUF

B.A Company

C.A Partnership firm

D.None of these

Ans:D

30.Only a person who has attained the age of-----------years can become a member in a co-operative society.

A.Twenty one for full membership and fifteen for minors

B.Twenty one for full membership and eighteen for beneficial members

C.Twenty one

D.Eighteen

Ans:D

31.The birth of Co-operative movement is in

A.Germany

B.Canada

C.Netherlands

D.None of these

Ans:D

32.The Co-operative movement is in

A.Germany

B.Canada

C.Netherlands

D.None of these

Ans:D

32.The Co-operative Farming Societies come under the category of

A.Agricultural Non-Credit Co-operative Society

B.Agricultural Credit Co-operative Society

C.Rural Credit Society

D.Primary Society

Ans:A

33.Gaya diary brand’s owner is

A.Gujarat State Milk Producers Union

B.Bihar State Government

C.Bihar State Milk Producers Union

D.Gujarat State Government

Ans:C

34.Who was the first Co-operative Minister of Kerala?

A.Baby John

B.E.M.Sankaran Naboothiripad

C.Joseph Mutaserry

D.None of these

Ans:C

35.Mention the name of Kerala Handicraft Apex Co-operative Societies.

A.Handloom

B.Hantex

C.Surabhi

D.Kera

Ans:C

36.The year in which Matsya fed is registered as a Co-operative institution:

A.1984

B.1974

C.1994

D.1995

Ans:A

37.Who started urban banks in Italy?

A.Dr.William King

B.Lusy Lussati

C.Kotthrochi

D.Robert Owen

Ans:B

38.KRIBHCO is an

A.International Co-operative Institution

B.Interstate Co-operative institution

C.Intra state Co-operative institution

D.Intergrated Co-operative institution

Ans:B

39.D.R.Gadgil is well known as the ---------

A.Father of co-operation

B.Father of co-operation in England

C.Preparer of co-operative principles

D.Father of co-operative commonwealth

Ans:D

40.Who took over the activities of Agricultural Refinance & Development Corporation stopped its functions in 1982?

A.Co-operative Union

B.NABARD

C.ICA

D.RBI

Ans:B

41.Headquarters of NAFED is situated at:

A.Geneva

B.Washington

C.England

D.New Delhi

Ans:D

42.Section----------of the Kerala Co-operative Societies Act gives provisions relating to winding up of bank coming under DICGC.

A.74 A
B.81

C.93

D.44AA

Ans:A

43.When a member can exercise his right to withdraw his share from a cooperative society?

A.Cannot withdraw

B.After five years

C.After three years

D.None of these

Ans:C

44.National Centre for Co-operative Education is located at:

A.Gujarat

B.New Delhi

C.Haryana

D.Dehradun

Ans:B

45.Which Committee recommended for the formation of Farmers Service Co-operative Society?

A.Kurian Committee

B.SC Misra Committee

C.Subramanian Committee

D.T.A.Pai Committee

Ans:D

46.Narasimham Committee(1975)recommended for the formation of:

A.Regional Rural Banks

B.Small Farmers Development Society

C.Co-operative Education Fund

D.Co-operative Union

Ans:A

47.The year in which the National Policy on Co-operation is declared in India:

A.2000

B.2001

C.1999

D.1988

Ans:B

48.Expand CRAFICARD:

A.Committee to Review Arrangements for Institutional Credit for Agricultural and Rural Development.

B.Committee to Review Aid for Institutional Credit for Agricultural and Rural Development

C.Committee to Review Arrangements for Institutional Credit for Agricultural and Regional Development

D.None of these

Ans:A

49.The area of activities of a Circle Co-operative Society is limited:

A.District

B.The Entire State

C.Interstate

D.Taluk level

Ans:D

50.Vaikunt Mehta National Institute of Co-operative  Management is located at:

A.New Delhi

B.Bengaluru

C.Pune

D.Ahmedabad

Ans:C

51.In a Co-operative society Revenue Fund is created out of

A.Net Profit

B.EBIT

C.Gross Profit

D.Divisible profit

Ans:A

52.Sputnik is the first Co-operative Societies Movement in

A.India

B.Nepal

C.Russia

D.China

Ans:D

53.During inflation the value of currency

A.Increases

B.Remain constant

C.Decreases

D.Can’t say

Ans:C

54.Overvaluation of closing stock at the time of preparing P & A A/c will result in --------statement of reported profit.

A.Fair

B.Under

C.Over

D.Any of these

Ans:C

55.Salaries outstanding of the previous year which is paid during the year is ----------to the current year.

A.Payment Liability

B.Asset

C.Income

D.Expenditure

Ans:A

56.An error in accounting transaction which cannot be detected by checking the trial balance as its effect is neutralised by another error,is called:

A.Error of principle

B.Error of Commission

C.Compensating error

D.Error of omission

Ans:C

57.A type of goodwill which is directly relate to reputation in the name of the institution is called:

A.Stag goodwill

B.Dog goodwill

C.Cat goodwill

D.Rat goodwill

Ans:C

58.The fixed element of working capital is called:

A.Hard core working capital

B.Gross working capital

C.Positive working capital

D.Redundant working capital

Ans:A

59.Expenses due but not paid is a ----------account

A.Real

B.Nominal

C.Personal

D.Contra

Ans:C

60.Convention of consistency states that

A.All possible losses should be taken into account on accrual basis

B.Same accounting principles should be followed over a series of years to make the accounts comparable.

C.All possible profits should be taken into account on accrual basis.

D.All possible losses and should be taken into account on accrual basis.

Ans:B

61.District Co-operative banks are also called.
A.Co-operative Central Bank

B.Apex Co-operative Bank

C.Urban Central Bank

D.District Central Bank

Ans:A

62.The process of thoroughly checking the collected data to ensure optimal quality level is referred to as:

A.Classification

B.Entry

C.Editing

D.Validation

Ans:D

63.The ability of a concern to meet its long term liabilities as and when it becomes due is called:

A.Profitability

B.Liquidity

C.Solvency

D.Turnover

Ans:C

64.Which is a capital expenditure?

A.Research and Development Project

B.Project Generation

C.Project Expansion

D.All of the above

Ans:D

65.When a person transacts with a company on matters which is beyond the powers of the company,the person will be governed by the Doctrine of

A.Constructive Notice

B.Indoor Management

C.Memorandum of Undertaking

D.Memorandum of Association

Ans:A

66.Under---------method of valuation of share,from the market value of assets the amount of external liabilities and preference share capital is deducted  and the result is divided by the number of equity shares.

A.Yield

B.Super profit

C.Intrinsic value

D.Net asset value

Ans:C

67.An extra commission paid by the consigner to the consignee for guaranteeing credit sales is called

A.Error of Commission

B.Del credere commission

C.Overriding commission

D.Manager’s commission

Ans:B

68.The sequence of accounting procedures repeated each accounting year to record and summarise business transactions is called

A.Business cycle

B.Accounting Cycle

C.Trade Cycle

D.Receivable Cycle

Ans:B

69.Assets exhausting in the process of earning revenue are called

A.Fictitious

B.Intangible

C.Contingent

D.Wasting

Ans:D

70.The customs and traditions followed by the accountants for the preparation oof the financial statements:

A.Accounting conventions

B.Accounting concepts

C.Accounting standards

D.Accounting principles

Ans:A

71.A situation when a firm gets a profit lower than the average profit of the industry is called:

A.Undercapitalisation

B.Overcapitalisation

C.Optimum capital structure

D.Opitmum capitalisation

Ans:B

72.The trial balance is prepared either by -----or by---------method.

A.Balance,total

B.Profit,average

C.Total,profit

D.Average,balance method

Ans:A

73.A debit note is prepared by the ----------of goods when he returns some of the goods purchased.

A.Debtor

B.Creditor

C.Seller

D.Purchaser

Ans:D

74.Trade discount is recorded:

A.In the P&L A/c

B.In the Balance Sheet

C.Both in the P&L A/c and Balance sheet

D.Nowhere

Ans:D

75.----------is the expenditure of a revenue nature,the benefit of which lasts for more than one accounting year.

A.Capital Expenditure

B.Revenue Expenditure

C.Recurring Expenditure

D.Deferred Revenue Expenditure

Ans:D

76.The part of subscribed capital set apart to be called only at the time of liquidation of a company is called:

A.Capital Reserve

B.Reserve capital

C.Risk capital

D.Redundant capital

Ans:B

77.The type of depreciation by which the value of an asset is reduced due of change in technology or fashion is called

A.Amortisation

B.Depletion

C.Obsolescence

D.Fluctuation

Ans:C

78.--------------is the amount received by non-profit making organisations on the death of a person as per his will.

A.Legacy

B.Honorarium

C.Donation
D.Pre-emptive right

Ans:A

79.----------is the amount of profit earned by a concern over and above the normal return expected on its investment.

A.Average profit

B.Revenue profit

C.Capital profit

D.Super profit

Ans:D

80.Calls-in-advance is a/an ---------to a company.

A.Loss

B.Liability

C.Asset

D.Profit

Ans:B

81.Which of the following was the leader who not participated of Nivarthana Agitation?

A.C.Kesavan

B.N.V.Joseph

C.P.K.Kunju

D.G.K.Pillai

Ans:D

82.The first session of the Prajamandal be held at---------in January 1942.

A.Irinjalakuda

B.Cochin

C.Vaikom

D.Kottayam

Ans:A

83.Antyodaya Anna Yojana was launched in-----------

A.December 25,2000

B.December 25,2001

C.December 23,2000

D.December 23,2001

Ans:A

84.The Nobel Prize Winner for Medicine 2016

A.William C.Campbell

B.Yoshinori Ohsumi

C.May Britt Moser

D.Edvard Moser

Ans:B

85.The Article in the Constitution which gives the Primary Education in Mother Tongue:

A.Article 348(A)

B.Article 350(A)

C.Article 352(A)

D.Article 354(A)

Ans:B

86.On whose recommendation was the Constituent Assembly formed?

A.Government of India Act,1935

B.Cripp’s Mission,1942

C.Cabinet Mission plan,1946

D.Mountbatten Plan,1947

Ans:C

87.The first state to become bifurcated after independence was

A.Bombay

B.Madras

C.Bengal

D.Hyderabad

Ans:A

88.Who is the present Chairman of the National Commission for Protection of Child Rights(NCPCR)?

A.Kushal Singh

B.Sruiti Narain Kacker

C.Kanwer Singh

D.Kiran Beddi

Ans:B

89.In which state of India the famous festival of Horn bill celebrated?

A.Manipur

B.Nagaland

C.Meghalaya

D.Arunachal Pradesh

Ans:B

90.First Modern factory for the manufacture of coir was opened at Alleppey during the period of

A.Utram Thirunal Marthanda Varma

B.Ayilyam Thirunal

C.Sri Mulam Thirunal

D.Sri Chithira Tirunal

Ans:A

91.Who says the Revolutionary message ‘No Caste,No Religion,No God for Man’?

A.Sahodaran Ayyappan

B.Chattampi Swamikal

C.Ayyan Kali

D.V.T.Bhattathirippad

Ans:A

92.First Chief Minister of Kerala from a Backward Community was

A.R.Shanker

B.C.H.Muhammed Koya

C.K.Karunakaran

D.Pinarayi Vijayan

Ans:A

93.The Protection of Women from Domestic Violence Act(PWDVA)came into force on

A.26^th October,2004

B.26^th October,2005

C.26^th October,2006

D.26^th October,2007

Ans:C

94.Name the First women Magazine published in Kerala.

A.Lakshmi Bai

B.Vidhya Vinodini

C.Mahila

D.Suguna Bodhini

Ans:D

95.-----------was the Thakazhi Sivasankaran Pillai’s work.

A.Brantalayam

B.Enippadikal

C.Moodupadam

D.Kondayil Ninnu Kurusilekku

Ans:B

96.Which of the following the iron lady of Kerala?

A.Annie Mascarene

B.A.V.Kuttimalu Amma

C.Akkamma Cheriyan

D.Lalitha Prabhu

Ans:C

97.Who has been appointed the new Chairman of Cauvery Water Dispute Tribunal?

A.Justice Kasthuri Rangon

B.Justice Balbir Singh Chauhan

C.Justice Abhay Manohar Sapre

D.Justice Bala krishnan

Ans:C

98.The Historic site’Hampi’is located in which of the following  States:

A.Tamil Nadu

B.Karnataka

C.Andhra Pradesh

D.Maharashtra

Ans:B

99.Who was  crowned as the 65^th Miss Universe,held on 30th January,2017?

A.Iris Mittenaere

B.Raquel Palissier

C.Andrea Bezde Kova

D.Connie Jimenez

Ans:A

100.Sheikh Mohammed bin Zayed al Nahyan was the chief guest of 68^th Republic day celebration.He was the crown prince of

A.Bahrain

B.Qatar

C.United Arab Emirates

D.Saudi Arabia

Ans:C