31-03-2019 SECRETARY,CO-OPERATIVE SOCIETIES/BANKS

SECRETARY,CO-OPERATIVE SOCIETIES/BANKS
EXAM DATE:31-03-2019

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1.Choose from the options the correct indirect speech of the given sentence.

He said,”I must go at once”.

A.He said that he had to go at once

B.He said that he must go at once

C.He said that he has to go at once

D.He said that he must have to go at once

Ans:A

2.Identify from the options given below the correct indirect speech for the sentence.

He said to them,”Will you listen to such a man?”

A.He said to him whether he would listen to such a man

B.He said to them that they would listen to such a man

C.He asked to them if they should listen to such a man

D.He asked them wheter they would listen to such a man

Ans:D

3.The idiom’storm in a tea cup’means

A.Little fuss over trivial matter

B.Big fuss over trivial matter

C.A cunning turn of events

D.A negligible attitude

Ans:B

4.We heard the bomb____________from the hotel where we checked in.

A.Went off

B.Go off

C.Gone off

D.Going off

Ans:B

5.Identify the incorrect sentence.

A.I saw a one rupee note on the road

B.An uncle of mine has married a European

C.We went to hospital to visit a sick friend

D.Copper is a useful metal

Ans:C

6.Identify the incorrect sentence.

A.We decided to call on the President of the Society

B.On the way we called in a friend’s house

C.The strike was called off.

D.The principal has called for an explanation from the strike leaders.

Ans:B

7.Identify the correct sentence.

A.I insisted for his going away at once

B.I insisted of his going away at once

C.I insisted on his going away at once

D.I insisted in his going away at once

Ans:C

8.Identify the passive form of

“One of the passengers has found my purse”

A.My purse has found by one of the passengers

B.My purse was found by one of the passengers

C.My purse has been found by one of the passengers

D.One of the passengers has been found the purse

Ans:C

9.Fill up the sentence with the most suitable one given below:

‘I hardly ever get letters,I with__________

A.I got more letters

B.I get more letters

C.I shall get more letters

D.I had more letters

Ans:A

10.Identify the correct usage.

A.He resembles with his father

B.He resemble his father

C.He resembles to his father

D.He resembles of his father

Ans:B

11.Ask a permission in the situation”You want to talk to me about your job application”.Which one of the following is the most polite way of asking permission?

A.Can I talk to you about my job application?

B.Shall I talk to you about my job application?

C.Can’t I talk to you about my job application?

D.Could I talk to you about my job application?

Ans:D

12.Complete the following sentence with the correct form of the verb given below.By the time Carol arrived,_________we eating and were ready to go.

A.Finished

B.Had finished

C.Have finished

D.Shall have finished

Ans:B

13.In which of the following sentences the verb ‘develop’has been incorrectly used?

A.A new drug has been developed to combat asthma in small children

B.A new drug is being developed to combat asthma in small children

C.A new drug was developed to combat asthma in small children

D.A new drug have developed to combat asthma in small children

Ans:D

14.Which one of the following is the correct passive form of the sentence?

“I enjoyed taking the children to the zoo”.

A.The children were enjoyed taking to the zoo

B.The children were enjoying being taken to the zoo

C.The children enjoyed being taken to the zoo

D.The children have enjoyed being taken to the zoo

Ans:C

15.In which of  the following sentences the word ‘lest’ is correctly used?

A.He worked hard lest he might fail

B.He worked hard lest he may not fail

C.He worked hard lest he should not fail

D.He worked hard lest he should fail

Ans:D

16.Identify the sentence with the correct tense form.

A.If I hadn’t come along,Raju would have been attacked

B.If she would have really wanted to see me,she would have come earlier

C.If he had been honest,he would return the money

D.If he doesn’t break the window,then who else is responsible?

Ans:A

17.Which of the following is/are wrong?

A.Fifteen minutes is allowed to each speaker

B.Ten kilometers is a long walk

C.Fifty thousand rupees is a large sum

D.Three parts of the business are left for me to do

Ans:D

18.Identify  the statement from those below in which conjunction is wrongly used.

A.Scarcely had he gone,when a policeman knocked at the door.

B.No sooner had he returned than he was off again

C.He not only lost his ticket but also his luggage

D.Though he came late,he finished his work in time.

Ans:C

19.The passive form of ‘He keeps me waiting ‘is

A.I am kept waiting by him

B.I was kept waiting by him

C.I am being kept waited by him

D.I have been kept waiting by him

Ans:A

20.Which of the following is the comparative degree of the sentence?

“Very few Indian cities are as big as Chennai’

A.Chennai is bigger than all other Indian cities

B.Chennai is bigger than any other Indian Cities

C.Chennai is bigger than a few other Indian cities

D.Chennai is bigger than most other Indian cities

Ans:D

21.Who was the first Indian to be elected to British Parliament?

A.Motilal Nehru

B.Dadabhai Naoroji

C.Mahatma Gandhi

D.Gopalakrishna Gokhale

Ans:B

22.Who is the author of the book ‘India Wins Freedom’?

A.Chetan Bhagat

B.Maulane Abul Kalam Azad

C.Indira Gandhi

D.Salman Rushdie

Ans:B

23.The equipment with which the computer talks to its users is called as

A.Word Processor

B.Peripheral

C.Software

D.Diskette

Ans:B

24.What is the official distance of marathon race?

A.20 miles

B.23 miles and 123 yards

C.26 miles and 385 yards

D.29 miles and 199 yards

Ans:C

25.Which of the following is an indigenously built light combat aircraft of India?

A.Akash

B.Vikrant

C.Arjun

D.Tejas

Ans:D

26.Which is the best measure of economic growth of a country?

A.GNP

B.GDP

C.Net Revenue

D.Net Worth

Ans:A

27.By which bill does the government make arrangement for the collection of revenues for a year?

A.Supplementary Budget

B.Fiscal Budget

C.Finance Bill

D.Economic Bill

Ans:C

28.Who is the only player to win French Open eight times?

A.Rafel Nadal

B.Roger Federer

C.Pit Sampras

D.Andre Agassi

Ans:A

29.Who among the following associated with operation flood?

A.A.S.Vaidya

B.M.S.Swaminathan

C.Raja Ramanna

D.Varghese Kurian

Ans:D

30.Who is the Pro-Chancellor of the University of Kerala?

A.C.Raveendranath

B.Justice(Retd.)P.Sathasivam

C.K.T.Jaleel

D.T.M.Thomas Issac

Ans:C

31.In which district the highest numbers of local bodies function?

A.Palghat

B.Ernakulam

C.Kannur

D.Malappuram

Ans:D

32.Temple entry proclamation was on

A.November 12,1946

B.November 12,1936

C.November 12,1956

D.November 12,1966

Ans:B

33.Which was the first metal used by man?

A.Brass

B.Silver

C.Bronze

D.Copper

Ans:D

34.Which of the following is known as the Jain  Temple city?

A.Girnar

B.Rajgriha

C.Varanasi

D.Allahabad

Ans:A

35.Mahatma Gandhi began his political activities in India first from

A.Sabarmati

B.Dandi

C.Kheda

D.Champaran

Ans:D

36.Among the following which planet takes maximum time for one revolution around the sun?

A.Jupiter

B.Earth

C.Mars

D.Venus

Ans:A

37.In the world production of natural rubber,India ranks

A.Second

B.Third

C.Fourth

D.Fifth

Ans:C

38.The word ‘Secular’was inserted into the Constitution of India by

A.44^th Amendment Act

B.42^nd Amendment Act

C.52^nd Amendment Act

D.34^th Amendment Act

Ans:B

39.Right to Information in India is a

A.Fundamental Right

B.Legal Right

C.Both’A’and ‘B’

D.Neither ‘A’ or ‘B’

Ans:B

40.India earns maximum foreign exchange by the export of

A.Iron

B.Tea

C.Textiles

D.Rubber

Ans:C

41.A man travels 4 KM to the North and turns East and travels 7 KM.Then he turns North and travels 1 KM and again turns to East and travels 5 KM.How far is he from starting point?

A.17 KM

B.10 KM

C.13 KM

D.12 KM

Ans:C

42.Six friends are sitting in a circle and are facing the centre of the circle.Deepa is between Prakash and Pankaj.Priti is between Mukesh and Lalit,Prakash and Mukesh are opposite to each other.Who is sitting opposite to Priti?

A.Prakash

B.Pankaj

C.Deepa

D.Lalit

Ans:C

43.If cook is called Butler,Butler is called Manager.Manager is called Teacher,Teacher is called Clerk and Clerk is called Principal,who will teach in a class?

A.Cook

B.Butler

C.Manager

D.Clerk

Ans:D

44.Look at this series 31,29,24,22,17,?

A.15

B.14

C.13

D.12

Ans:A

45.10 women can complete a work in 7 days and 10 children take 14 days to complete the work.How many days will 5 women and 10 children take to complete the work?

A.3

B.5

C.7

D.8

Ans:C

46.On 8^th February 2005 it was Tuesday.What was the day of the week on 8^th February 2004?

A.Tuesday

B.Monday

C.Sunday

D.Wednesday

Ans:C

47.DNU,GPS,JRQ,_?

A.MSR
B.MTO

C.NTS

D.NSR

Ans:B

48.Look at this series 4,12,14,42,44?

What number should come next?

A.60

B.58

C.132

D.123

Ans:C

49.MOBILITY is coded as 46293927 then EXAMINATION can be

A.56194512965

B.56149512965

C.56149512956

D51649519265

Ans:B

50.Look at this series 4,11,25,53,109,?

What number should come next?

A.221

B.234

C.212

D.222

Ans:A

51.In a certain code  IMTITJU is written as TMIIUJT.How is TEMREMP is written in that code?

A.ETRMMEP

B.METERPM

C.MTERPME

D.METRPME

Ans:D

52.Athul walks a distance of  3 KM towards North,then turns to his left and walks for 2 KM.He again turns left and walks for 3 KM.At this point he turns to his left and walks for 4 KM.How many kilometers is he from the starting point:

A.1 KM
B.2 KM

C.3 KM

D.4 KM

Ans:B

53.Cricket:Bat::Hockey:?

A.Player

B.Field

C.Ball
D.Stick

Ans:D

54.Raju’s age is three times the age of Rajesh.The difference between their ages is 20.Then the age of Rajesh is

A.30

B.20

C.15

D.10

Ans:D

55.If you write down all the numbers from 1 to 100, then how many times do you write 5?

A.10

B.15

C.11

D.20

Ans:D

56.Find the wrong number in the series.5,27,61,122,213,340,509

A.27

B.61

C.122

D.509

Ans:A

57.Find the missing number.

8(first row first colum) 17(first row second colum)33(first row third colum),12(second row first colum)5(second row second colum)28(second row third colum),10(third row first colum)13(third row second colum),?(third row third colum)

A.9

B.23

C.33

D.43

Ans:C

58.583:293::488:?

A.291

B.378

C.487

D.581

Ans:B

59.In a school 40% of the students play football and 50% play cricket.If 18% of the students neither play football nor cricket,the percentage of the students playing both is

A.40%

B.32%

C.22%

D.8%

Ans:D

60.The difference between simple interest and compound interest on Rs.2,500 for 2 years at 6% per annum is

A.Rs.9

B.Rs.90

C.Rs.2,509

D.Rs.191

Ans:A

61.____________is the new principle included in the 1995 Co-operative Principles.

A.Cash trading

B.Co-operation among co-operatives

C.Concern for community

D.Co-operative education

Ans:C

62.Robert Owen’s ideas were not clicked as expected so he came to be called

A.Socialist

B.Utopian Socialist

C.Father of co-operation

D.Communist

Ans:B

63.___________was the first President of Rochdale Pioneers Equitable Co-operative Society.

A.James Daly

B.Charles Howrath

C.Dr.William King

D.Edward Law

Ans:B

64.In 1872 the name of ‘North of England Co-operative Wholesale Industrial and Provident Society Ltd’ changed its name into

A.SCWS

B.ECWS

C.CWS

D.CWC

Ans:C

65.____________wrote the statement on Co-operative identity.

A.Mac Lagan
B.Edward Law

C.Ivan Macpherson

D.Tom Samual

Ans:C

66.____________was the founder of Co-operative Agricultural Credit Societies.

A.Raiffeisen

B.D.G.Kare
C.Schulze

D.G.D.H.Cole

Ans:A

67.___________is the industrial co-operative society in China.

A.Induscos

B.Kibbutz

C.Sputinic

D.Kolkoz

Ans:A

68._____________was the Chairman of Co-operative Planning Committee.

A.Mirdha

B.H.Calvert

C.R.G.Sarayya

D.Mac Lagan
Ans:C

69.ICA started celebration of Co-operative day in the year

A.1922

B.1923

C.1924

D.1925

Ans:B

70.Germany is known as the ‘Cradle’ of co-operatives.

A.Consumer

B.Marketing

C.Credit

D.Multi-purpose

Ans:C

71.The B.R.Act is applicable to Co-operative urban banks from

A.April 1960

B.March 1966

C.July 1955

D.None of these

Ans:B

72.NAFED was establish in

A.1952

B.1962

C.1958

D.1956

Ans:C

73.Kera milk is the brand name of Coconut milk produced by

A.Rubco

B.Dinesh foods

C.Kerafed

D.Marketfed

Ans:B

74.Price fluctuation fund is created by__________Co-operative societies.

A.Marketing

B.Labour Contract

C.Credit

D.Marketfed

Ans:A

75.Under double compartmental system the retail stock is under the custody of

A.Secretary

B.Salesman

C.President

D.None of these

Ans:B

76.In active Price policy goods are sold by Societies at __________/price.

A.Market rate

B.Just above the market rate

C.Just below the market rate

D.None of these

Ans:C

77.Who is the Registrar of Dairy Co-operatives?

A.Registrar of Co-operative Societies

B.Director Dairy Development

C.Govt.Secretary Dairy Development

D.None of these

Ans:B

78.Operation flood schemes are financed by

A.NCDC

B.NDDB

C.NAFED

D.NCCF

Ans:B

79.Show rooms of Kerala State Handicraft Apex Co-operative Society is known as

A.Kairali

B.Triveni

C.Surabhi

D.Hantex

Ans:C

80.Vyasa stores are run by

A.Matsyafed

B.Kerafed

C.SC/ST fed

D.Consumer fed

Ans:A

81.The ______may appoint a person to be the Registrar of Co-operative Societies for the State.

A.Governor

B.Government

C.Chief Minister

D.None of these

Ans:B

82.__________means a Society having more than one district as its area of operation and having individuals and other societies as its members.

A.Apex Society

B.Central Society

C.Federal Society

D.None of these

Ans:C

83.How many persons are required for the registration of an apex society as per KCS Act on 1969?

A.10 persons

B.No specified number

C.7 person

D.20 persons

Ans:B

84.The decision refusing admission together with the reasons thereof shall be Communicated by the society to that person within a period of___days from the date of the decisions.

A.Fifteen

B.Thirty

C.Ten

D.Seven

Ans:A

85.A member admitted within_________days immediately prior to the date of election shall not have the right to vote.

A.Thirty

B.Sixty

C.Fifteen

D.Ninety

Ans:B

86.The expulsion from membership may involve ___________of shares held by the member.

A.Refund

B.Transfer

C.Forfeiture

D.None of these

Ans:C

87.The _______general body shall not alter any provisions in the bye-laws relating to its Constitution and powers.

A.Annual

B.Representative

C.Special

D.None of these

Ans:B

88.A Co-operative Society shall retain the chitty ledger,chitty day book and chitty minutes book for a period of _______as per Rule 31.

A.10 years

B.7 years

C.12 years

D.5 years

Ans:C

89.Co-operative ombudsman is appointed as per Section_________of the KCS Act.

A.68 A

B.69 A

C.66 A
D.70 A

Ans:B

90.Where the bye-law so provide,the Govt.or the Registrar may nominate all or any of the members of the first Committee for a period

A.Of 5 years

B.Not exceeding twelve months

C.Of twleve months

D.None of these

Ans:B

91. State Co-operative Election Commission is Constituted as per Section_________of the KCS Act.

A.28 A

B.28 AA

C.28 AB

D.28 B

Ans:D

92.A person nominated to the Committee of a society as per Section 31 shall not be eligible to hold the office of the _____or _______of the apex and Central Society.

A.President or Vice President

B.President or MD

C.Sub Committee or Executive Committee

D.None of these

Ans:A

93.The annual statement of accounts of each year shall be prepared by the Chief Executive within________from the date of the close of the financial year.

A.6 months

B.Two months

C.One month

D.Three months

Ans:C

94._________of a member in the capital of a society and ________of a society invested by such Society shall not be liable to attachment under any decree or order of a Court.

A.Share and Common good fund

B.Share and Reserve fund

C.Reserve fund and Building fund

D.None of these

Ans:B

95.The immovable property acquired by a society through a sale by a sale officer shall be disposed of by the Society within_______years from the acquisition with prior Sanction of the General body and the Registrar.

A.Five

B.Seven

C.Two

D.Ten

Ans:B

96.Specify the Section of KCS Act which empowers the Govt.to establish Deposit guarantee scheme.

A.Sec.57 A

B.Sec.57 D

C.Sec.57 B

D.Sec.57 C

Ans:C

97.As per Section_________of KCS Act give powers to Registrar to issue directions to Co-operative Societies.

A.66 A
B.68 A

C.69 A

D.70 A

Ans:A

98.The ______shall appoint an officer not below the Rank of DIG of police as vigilance officer as per KCS Act.

A.Registrar

B.Government

C.DGP

D.None of these

Ans:B

99.Who shall Constitute Co-operative Arbitration Courts in Kerala?

A.State Co-operative Union

B.State Govt.

C.Central Govt.

D.Registrar

Ans:B

100.Appeal before Co-operative Tribunal shall be filed within________days from the date of receipt of such order.

A.30

B.90

C.60

D.20

Ans:C

101.A sole trader purchased a machinery for 10,000 from Das &Co.It is to be recorded in the

A.Purchase day book

B.Cash book

C.Journal proper

D.None of these

Ans:C

102.Consignment account is a _____a/c.

A.Real

B.Nominal

C.Personal

D.None of these

Ans:B

103.Cash float is related with

A.Cash flow statement

B.Fund flow statement

C.Imprest system

D.None of these

Ans:C

104.Income and Expenditure a/c is prepared by

A.Sole trader

B.Non trading concerns

C.Joint stock companies

D.Partnership firms

Ans:B

105.Ideal current ratio is

A.1:1

B.2:1

C.1:2

D.3:2

Ans:B

106.Income received in advance is a______to the business.

A.Income

B.Expense

C.Asset

D.Liability

Ans:D

107._______item is not seen in the Trial Balance the normal case.

A.Closing stock

B.Income received in advance

C.Accrued income

D.None of these

Ans:A

108.Amount spend for the installation of a newly purchased machinery is a

A.Revenue expenditure

B.Capital expenditure

C.Deferred revenue expenditure

D.None of these

Ans:B

109.Goods purchased for Rupees 6,000 is recorded in the day book as 600.It is an error of

A.Principle

B.Commission

C.Partial omission

D.None of these

Ans:B

110.A journal entry with more than one debit or more than one credit or with both is

A.Contra entries

B.Compensating errors

C.Compound journal entries

D.None of these

Ans:C

111.Salary outstanding is a_______account.

A.Nominal

B.Personal

C.Real

D.None of these

Ans:B

112.Arjun started business with cash 25,000,stocks 10,000 furniture 15,000,bank loan 10,000.The  net worth of Arjun is

A.60,000

B.50,000

C.40,000

D.None of these

Ans:C

113.Amortization is related with

A.Depreciation

B.Bill of Exchange

C.Consignment

D.None of these

Ans:A

114.The term depletion is related with_____assets.
A.Fixed assets

B.Wasting assets

C.Intangible assets

D.None of these

Ans:B

115.Goods taken by the proprietor from the business for domestic use is

A.Debited in the purchase a/c

B.Credited in the purchase a/c

C.Credited in the drawings a/c

D.None of these

Ans:B

116.Fluctuation is related with ___assets.

A.Intangible assets

B.Fixed assets

C.Current assets

D.None of these

Ans:C

117.The total of sales day book is tranferred to_____in the general ledger.

A.Customer a/c

B.Sales a/c

C.Debtors a/c

D.Creditors a/c

Ans:B

118.The aggregate of indirect material,indirect labour and indirect expense is

A.Total cost

B.Overhead

C.Prime cost

D.None of these

Ans:B

119.Credit note is related with

A.Sales day book

B.Purchase day book

C.Purchase returns

D.Sales returns

Ans:D

120.Sales ledger contain the accounts of

A.Debtors

B.Suppliers

C.Creditors

D.None of these

Ans:A

121.Which among the following co-operative institutions is not an insured co-operative bank?

A.Urban co-operative Bank

B.Service co-operative Bank

C.District co-operative Bank

D.State co-operative Bank

Ans:B

122.KYC Policy consists of customer acceptance policy,customer identification procedure,monitoring of transactions and

A.Risk management

B.Customer delight

C.Customer service

D.Active customer

Ans:A

123.The person who is named in a cheque to receive money is

A.Drawee

B.Payee

C.Drawer

D.Depositor

Ans:B

124.In the case of safe custody of valuables the banker_______customer relationship is

A.Principal-agent

B.Debtor-creditor

C.Lessor-lessee

D.Bailee-bailor

Ans:D

125.Which of the following is not a kind of endorsement?

A.Full

B.Restrictive

C.Sans recourse

D.Free

Ans:C

126.Introduction is not necessary in one of the following case.
A.Joint account

B.Minor account

C.Literate account

D.Trust account

Ans:D

127.Insertion of date in a cheque by the holder.

A.Requires drawers authentication as it is a material alteration

B.Is invalid and bank should not pay on such cheques

C.Is punishable under Section 138 of NI Act.

D.Is not  a material alteration as per Section 87 of  NI Act

Ans:D

128.In which type of loan a  co-operative bank is eligible to get interest subvention from Govt.of India?

A.ST(SAO) given out of its deposits

B.ST(SAO) given with refinance from upper tier

C.All types of agricultural loans issued

D.All short-term agricultural loans-issued

Ans:A

129.Bouncing of a cheque is not an offence in one of the following circumstance.

A.Cheque given for clearing a debt

B.Cheque given as donation

C.Cheque given to clear a loan

D.Cheque given for purchase of a car

Ans:B

130.In a pledge advance possession and security charges are with

A.Pledger

B.Pledge

C.Both of them

D.None of them

Ans:B

131.RBI follows______system of note issue.

A.Equal reserve

B.Proportional reserve

C.Minimum reserve

D.Maximum reserve

Ans:C

132.It is the legal obligation on the part of the banker not to open an account in the name of

A.Minor

B.Partnership

C.Drunkard

D.Lunatic

Ans:D

133.The principles of liquidity,safety and profitability are related to

A.Bank

B.Customer

C.Loan

D.Deposit

Ans:A

134.Pledge is defined in Section_______of Indian Contract Act,1872.

A.170

B.171

C.172

D.173

Ans:C

135.A cheque torn in to two or more pieces is called

A.Stale cheque

B.Truncated cheque

C.Mutilated cheque

D.None of these

Ans:B

136.A fixed deposit receipt is

A.Not negotiable

B.Not transferable

C.Not renewable

D.None of these

Ans:A

137.An endorsement which limits the liability of the endorser is called

A.Full endorsement

B.Blank endorsement

C.Sans recourse endorsement

D.None of these

Ans:C

138.When the bank rate is decreased the volume of bank credit will be

A.Expanded

B.Contracted

C.Remain the same

D.None of these

Ans:A

139.EMI stands for

A.Equal Monthly Instalment

B.Equity Monthly Instalment

C.Equated Monthly Instalment

D.None of these

Ans:C

140.Banks different delivery channels are

A.Automated system

B.Internet

C.Smart phone

D.All of the above

Ans:D

141.Audit fee for PCARDB is calculated on the basis of

A.Aggregate of loan issued

B.Aggregate of loan issued and loan received

C.Working capital

D.Aggregate of loan received

Ans:B

142.__________of the Kerala Co-operative Law deals that “The audit shall includes an examination of over due debts,if any,verification of cash balance and securities and valuation of the assets and liabilities of the Society.

A.Section 63

B.Section 64

C.Rule 63

D.Rule 65

Ans:B

143.Entering more amount  on the payment side of the cash book,than what has been actually paid,is an example of

A.Embezzlement of cash

B.Misappropriation of goods

C.Manipulation of account

D.None of these

Ans:A

144.Audit report of the District Co-operative Bank shows Rs.2,00,000/-as Income Tax payable.It is coming under.

A.Provision

B.Sinking fund

C.Secret Reserve

D.Capital Reserve

Ans:A

145.A Welfare Co-operative Society withdraw Rs.50,000/- from the District Co-operative Bank and not entered it in Day book of the Society,Auditor shows it under the head is

A.Due to and create reserve

B.Due by and create reserve

C.Credit side of profit and loss

D.None of these

Ans:A

146.Checking of the account casting and posting subsidiary book and other ledger account is called

A.Routine checking

B.Test checking

C.Internal checking

D.None of these

Ans:A

147.It is one of the advantages of internal audit

A.Detailed checking

B.Early detection of errors and fraud

C.Preparation of interim accounts

D.All of these

Ans:D

148.Test audit is conducted to ascertain the performance of

A.Internal auditor

B.Co-operative inspector

C.Annual auditor

D.Inquiry officer

Ans:C

149.Internal check and internal audit is a part of

A.Verification

B.Investigation

C.Internal control

D.All of these

Ans:D

150.One of the advantages of audit programme is

A.Ascertain the correctness of financial statements

B.Detection and prevention of fraud

C.Completion of audit work within the specified time

D.All of these

Ans:C

151.It is the book maintained by the auditor to note the points which require further explanations,classifications etc.

A.Audit note book

B.Audit note

C.Working papers

D.None of these

Ans:A

152.Example for Contingent Liability is

A.Liability under a guarantee

B.Liability under unpaid salary

C.Liability to pay Insurance Premium

D.None of these

Ans:A

153.__________society is permanently exempted from Audit Fees.

A.Social Welfare Cooperative

B.Housing Cooperative

C.Primary Fishermen Cooperative

D.Primary Handloom Weavers Cooperative

Ans:A

154.When the original voucher is lost the institution may produce copy of the same.This is called as

A.Primary Voucher

B.Collateral Voucher

C.Duplicate Voucher

D.None of these

Ans:B

155.Audit is not an inquisition and its main mission is not one of

A.Execution

B.Expedition

C.Fault finding

D.Evaluation

Ans:C

156.Profit made from sale of fixed assets is

A.Capital Reserve

B.Secret Reserve

C.Sinking Fund

D.Reserve Fund

Ans:A

157.Book Debt is an example of

A.Circulating assets

B.Fixed assets

C.Wasting assets

D.None of these

Ans:A

158.Which is the basic statement taken for the preparation of  Final Accounts of a Co-operative Society?

A.Receipts and Disbursements Statement

B.Trial Balance

C.Credit Limit Statement
D.Audit Programme

Ans:A

159.Teeming and Lading is otherwise known as

A.Endorsing

B.Investigating

C.Misappropriation of goods

D.None of these

Ans:D

160.One of the peculiar features of Cooperative Audit is

A.Concurrent

B.Cost Audit

C.Method Audit

D.None of these

Ans:A

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