Co-operative society Quiz-1

Co-operative society Quiz-1

Quiz

 

1. Which of the following is not a characteristic of a cooperative society?
   1.   Open membership
   2.   Democratic control
   3.   Distribution of profits to shareholders
   4.   Voluntary association
2. Which international organization promotes and supports the development of cooperative societies worldwide?
   1.   United Nations (UN)
   2.   World Bank (WB)
   3.   International Monetary Fund (IMF)
   4.   International Cooperative Alliance (ICA)
3. What is the role of a board of directors in a cooperative society?
   1.   They are elected by members to make all operational decisions.
   2.   They represent the interests of external stakeholders.
   3.   They oversee the management and strategic direction of the society.
   4.   They are appointed by government authorities to ensure compliance.
4. In a consumer cooperative society, the primary objective is to:
   1.   Generate profits for shareholders
   2.   Provide employment opportunities to members
   3.   Offer goods and services to meet members' needs
   4.   Promote fair trade practices globally
5. What is the primary objective of a cooperative society?
   1.   Maximizing profits
   2.   Promoting individual interests
   3.   Providing social benefits to members
   4.   Expanding market share
6. Cooperative societies are based on the values of:
   1.   Individualism and competition
   2.   Centralized decision-making and control
   3.   Profit maximization and market dominance
   4.   Collaboration and mutual help
7. A cooperative society is owned and controlled by:
   1.   External investors
   2.   Government authorities
   3.   Corporate shareholders
   4.   The members themselves
8. In a cooperative society, the principle of "one member, one vote" means that:
   1.   Each member has an equal share of profits
   2.   Each member has equal decision-making power
   3.   Only members can vote, and the vote is based on the number of shares held
   4.   The president of the society has the final say in all decisions
9. What is the primary benefit of joining a cooperative society?
   1.   Access to discounted products or services
   2.   Opportunities for career advancement
   3.   Higher returns on investment
   4.   Enhanced social connections and community support
10. What is the process of becoming a member of a cooperative society called?
    1.   Incorporation
    2.   Registration
    3.   Subscription
    4.   Conversion
11. Cooperative societies are mainly established to:
    1.   Promote competition among members
    2.   Foster individualism and self-interest
    3.   Provide affordable goods and services to members
    4.   Centralize power in the hands of a few individuals
12. What is the legal status of a cooperative society?
    1.   Non-profit organization
    2.   Government agency
    3.   Partnership firm
    4.   Separate legal entity
13. Cooperative societies operate on the principle of:
    1.   Profit maximization
    2.   Shareholder primacy
    3.   Social responsibility
    4.   Market monopoly
14. Cooperative societies are typically owned and governed by:
    1.   Shareholders
    2.   Employees
    3.   Customers
    4.   Members
15. Which cooperative principle encourages members to contribute equitably to the capital of the cooperative society?
    1.   Autonomy and independence
    2.   Education, training, and information
    3.   Member economic participation
    4.   Cooperation among cooperatives
16. What is the purpose of the cooperative principle of democratic member control?
    1.   To ensure equal distribution of profits among members
    2.   To give members voting power in decision-making processes
    3.   To appoint a board of directors to oversee operations
    4.   To maximize returns on investment for shareholders
17. Which of the following sectors commonly utilizes cooperative societies?
    1.   Private banking
    2.   Public transportation
    3.   Entertainment industry
    4.   Multinational corporations
18. Which of the following is a common feature of agricultural cooperative societies?
    1.   Production of goods for export
    2.   Joint marketing of agricultural produce
    3.   Exclusive membership for large landowners
    4.   Distribution of profits to non-members
19. In a housing cooperative society, the primary focus is on:
    1.   Investing in real estate for speculative purposes
    2.   Providing affordable housing to members
    3.   Offering property management services to non-members
    4.   Maximizing rental income from external tenants
20. How are cooperative societies usually financed?
    1.   Bank loans
    2.   Government grants
    3.   Member contributions and savings
    4.   Stock market investments