Assistant/ Jr.Clerk/ Jr.Assistant/ LD. Clerk Answer Key

Question 1

Which is the Theme of International Day of co-operatives for the year 2020?

A

Sustainable consumption and production of goods and services

B

Co-operatives ensure no one is left behind

C

Choose co-operatives, choose equality

D

Co-operatives for Climate Action

Question 2

"Democracy is a Government in which everyone has a share” - Whose words are these?

A

Wolf

B

Dr. William King

C

Seeley

D

None

Question 3

According to the Kerala Co-operative Societies Act, 1969, the maximum number of members of a Representative General Body shall not exceed —————— in any case.

A

50

B

100

C

150

D

500

Question 4

The term used for funds borrowed and lent mainly by banks for overnight use is :

A

Bridge loan

B

Call money

C

Break even

D

Cash credit

Question 5

Who is the head of the Co-operative department?

A

Registrar

B

Government Secretary, Co–operative Department

C

Minister for Co-operation

D

Director of Industries

Question 6

In India, “ Co-operative Week” is being celebrated every year, during the month of :

A

December

B

November

C

August

D

September

Question 7

"Co-operation was the only instrument to implement the economic programmes of democratic India and the prime importance will be given for the growth and development of the co-operative sector” - In which five year plan was this statement included?

A

First

B

Second

C

Third

D

Fourth

Question 8

In the Co-operative Flag, the Red colour should be at :

A

Bottom

B

Top

C

Middle

D

None of these

Question 9

“Co-operatives had not measured up to expectations in mobilising deposits and disbursing credit at the retail level” – Whose opinion was this?

A

Rural Credit Review Committee 1969

B

Sivaraman Committee

C

Mirdha Committee

D

Khusro Committee

Question 10

Expand J.C.C.U :

A

Japanese Credit Co-operative Union

B

Japanese Circle Co-operative Union

C

Japanese Consumer"s Co-operative Union

D

Japanese Coir Co-operative Union

Question 11

In which year the Reformulated Principles were adopted by International Co-operative Alliance (ICA) :

A

1937

B

1964

C

1966

D

1986

Question 12

Which one of the following is not a principle of co-operation?

A

Voluntary and closed membership

B

Autonomy and Independence

C

Member economic participation

D

Concern for community

Question 13

The details of Nominal or Associate members are included in the —————— Section of the Kerala Co-operative Societies Act, 1969.

A

Section 14

B

Section 16

C

Section 18

D

Section 20

Question 14

The jurisdiction of a circle Co-operative union is :

A

District

B

Taluk

C

Grama Panchayath

D

Block Panchayath

Question 15

The application for registration of multi-state Co-operative Society is made to :

A

Central Registrar

B

The Central Government

C

Secretary

D

Financing Bank

Question 16

8^th Co-operative congress in Kerala was held at :

A

Ernakulam

B

Palakkad

C

Kannur

D

Kozhikode

Question 17

A smaller General Body constituted under Sec 27(2) of the Kerala Co-operative Societies Act, 1969 is called

A

Representative General Body

B

Annual General Body

C

Special General Body

D

Last General Body

Question 18

Which Section of the Kerala Co-operative Societies Act, 1969 deals with the voting right of a member?

A

20

B

21

C

22

D

23

Question 19

Who is the author of the famous book "Towards Co-operative Common Wealth"?

A

V.L. Mehta

B

D.R. Gadgil

C

Jawaharlal Nehru

D

D.G. Karve

Question 20

Richard Pioneers started their store with a share capital of :

A

28 pounds

B

280 dollars

C

28 dollars

D

100 pounds

Question 21

All Co-operative Societies accepting deposits will have to maintain :

A

Sinking Fund

B

Stock Register

C

Reserve fund

D

Fluid Resources

Question 22

Maintenance of Books and Accounts by Societies is as per which Rule of the Kerala Co-operative Societies Rules :

A

Rule 29

B

Rule 36

C

Rule 44

D

Rule 64

Question 23

Every proposal for Amendment to the byelaws of Co-operative Society shall be made only by a resolution passed by a —————— majority of members present and voting.

A

1/3

B

2/3

C

1/2

D

3/4

Question 24

Maximum limit for surrender of earned leave admissible to the employees of Co-operative society on retirement is :

A

100 Days

B

200 Days

C

300 Days

D

400 Days

Question 25

In Co-operative Society —————— is not allowed.

A

Meeting

B

Proxy

C

Voting

D

Audit

Question 26

An enquiry can be ordered for the Registrar. Which of the following is an untrue statement?

A

On his own accord

B

On an enquiry report of Vigilance Officer

C

On an application of the affiliated Society

D

On application from the nearby Society

Question 27

Sec 28 A of the Kerala Co-operative Societies Act, 1969 provides for reservation of ————— of the total seats for women members in the Committee of every Co-operative Society

A

1

B

2

C

3

D

4

Question 28

“The Peoples Bank of Northern India” is a book authored by :

A

William king

B

Dupernix

C

Nicholson

D

Hendri Fayol

Question 29

Which is the Headquarter of the All India Federation of Co-operative Spinning Mills?

A

Delhi

B

Chennai

C

Kolkata

D

Mumbai

Question 30

Final Authority of the society shall vest in :

A

Managing Committee

B

Executive Committee

C

General Body

D

Representative General Body

Question 31

The Co-operative Arbitration Court entertains :

A

Only monetary issue

B

Only non-monetary issues

C

Both monetary and non-monetary issues

D

Monetary issues upto Rs. 1,00,000 and non- monetary issues

Question 32

Mutually Aided Co-operative Societies Act is prevailing in the State of :

A

Andhra Pradesh

B

Gujarat

C

Kerala

D

Tamil Nadu

Question 33

Rules 16 to 20 of the Kerala Co-operative Societies Rules prescribes two procedures for getting :

A

Identity Card

B

Membership

C

Registration

D

None of these

Question 34

In Milk Producers Co-operative Societies, the value of milk is on the basis of the ————— of the milk.

A

Volume

B

Water content

C

Weight

D

Quality

Question 35

An officer appointed by the Registrar as per Sec. 72 of the Kerala Co-operative Societies Act, 1969, for realization of assets and settlement of liabilities of a Co-operative Society is called :

A

Official Assignee

B

Amicus Curie

C

Liquidator

D

Receiver

Question 36

On completion of the audit of the Society, the Auditor shall submit —————— or report to the Registrar in the form prescribed by the Registrar.

A

An Audit Certificate

B

An Audit Memorandum

C

An Audit Notebook

D

An Audit Manual

Question 37

The first Land Development Bank in the Co-operative Sector in our country was set up in :

A

Rajasthan

B

Uttar Pradesh

C

Punjab

D

Kerala

Question 38

In a Co-operative Society, the maximum shares held by a member shall not exceed :

A

1/4th of total Share capital

B

1/5th of total Share capital

C

2/5th of the Share capital

D

1/4th of total share capital or Rs. 5,000 whichever is less

Question 39

Which is the upper limit of dividend that can be paid to members of a Co-operative Society as per Kerala Co-operative Societies Act, 1969?

A

25%

B

20%

C

15%

D

10%

Question 40

Co-operation is included in the —————— schedule of Indian constitution.

A

V

B

VI

C

VII

D

IX

Question 41

The KSCHF was registered on :

A

23.9.1970

B

23.9.1971

C

23.9.1972

D

23.9.1973

Question 42

Rule 63 of the Kerala Co-operative Societies Rules describes :

A

Writing off bad debts and losses 4 years

B

Director of Co-operative Audit

C

Qualification of an Auditor

D

Maintenance of fluid resources by Societies

Question 43

The —————— implemented the “Operation Flood Programme”.

A

NCDC

B

NCHF

C

HDFC

D

NDDB

Question 44

COINS related to :

A

Educational Co-operative Society

B

Consumer Co-operative Society

C

Insurance Co-operative Society

D

Credit Co-operative Society

Question 45

The shortcomings in the Act of 1904 were removed by another legislation known as :

A

The Model Cooperative Act

B

Co-operative Societies Act of 1912

C

Constitution Amendment Bill

D

Kerala Co-operative Societies Act of 1969

Question 46

Dividend is set apart from :

A

Gross Profit

B

Net Profit

C

Sales Proceeds

D

Divisible Profit

Question 47

Which has jurisdiction over the whole of the State?

A

Federal Society

B

Apex Society

C

Central Society

D

Primary Society

Question 48

RAIDCO is engaged in the distribution of —————— machinery.

A

Ayurvedic

B

Arecanut

C

Agro

D

Meat Processing

Question 49

"Kaira District Co-operative Milk Producers" Union", popularly known as Amul in the state of :

A

Uttar Pradesh

B

Punjab

C

Maharashtra

D

Gujarat

Question 50

Trading in a Consumer Co-operative Store is normally :

A

On cash basis

B

On cash basis for non-members and credit facilities for members

C

Credit for members and non-members

D

Cash for members

Question 51

For calculating trend percentages any year is selected as :

A

Assessment year

B

Previous year

C

Current year

D

Base year

Question 52

Find out the cost of sales from the following information :
1. Net sales ₹15,00,000
2. Indirect expenses ₹3,00,000
3. Gross profit ₹2,00,000

A

₹ 12,00,000

B

₹ 10,00,000

C

₹ 13,00,000

D

₹ 17,00,000

Question 53

The risk associated with a project and the way by which it is categorised by a well diversified investor is :

A

Beta risk

B

Gama risk

C

Expected risk

D

Industry risk

Question 54

The compound rate at which a firm has to earn return on its investment in order to pay reasonable return to the investors of fund as in the form of interest and /or dividend is called :

A

Capital cost

B

Flotation cost

C

Procurement cost

D

Cost of capital

Question 55

The very purpose for which an organisation is existed is called :

A

Vision

B

Strategy

C

Mission

D

Policies

Question 56

What is the foundation of blue ocean strategy?

A

Value chain

B

Value innovation

C

Value creation

D

Value cost trade-off

Question 57

What is the activity, set of institutions, and process for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners and society at large?

A

Marketing

B

Market

C

Selling

D

Advertising

Question 58

When business concerns make marketing decisions by considering consumer"s wants and the long-run interests of the concerns, consumer and the general public, they are practicing which of the following principles?

A

Niche marketing

B

Innovative marketing

C

Consumer-oriented marketing

D

Societal marketing

Question 59

In an accounting system, document which supports journal entries is classified as :

A

Source document

B

Journal

C

Ledger

D

Audit report

Question 60

Difference between final sales value and separable costs is equal to :

A

Profit margin

B

Net realisable value

C

Gross realisable value

D

Gross margin

Question 61

A simultaneous purchase and sale of foreign exchange for two different dates is known as :

A

Currency devaluation

B

Currency swap

C

Currency arbitrage

D

Change currency

Question 62

What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)?

A

Educational Insurance Cover

B

Industrial Insurance Cover

C

Life Insurance Cover

D

Accidental Insurance Cover

Question 63

Which one of the following is not an object of Atal Pension Yojana (APY)?

A

Fixed pension is paid on attaining age of 80 years

B

Fixed pension is paid on attaining age of 60 years

C

Encourage workers to voluntarily save for their retirement

D

Provide social security to the unorganised sector

Question 64

"Repo Rate" refers to the rate at which :

A

Bills are discounted by RBI

B

RBI borrows short-term money from the markets

C

Banks keep the money with RBI

D

The rate at which commercial banks should lend money to RBI

Question 65

Minimum Alternate Tax (MAT) U/s 115 JB of the Income Tax Act is applicable on :

A

All types of companies

B

Certain companies

C

Partnership firms

D

Association of persons

Question 66

The first man who advocated the view that the management should and can be taught is :

A

Mary Parker Follet

B

Elton Mayo

C

Henri Fayol

D

Harold Koontz

Question 67

Espirit de corps means :

A

Customer beware

B

Service is our moth

C

Product is our strength

D

Union is strength

Question 68

A system of co-operative activities of two or more persons is called :

A

Central

B

Organisation

C

Co-ordination

D

Management

Question 69

Goals, aims, purposes, mission and targets are collectively called :

A

Strategies

B

Rules

C

Objectives

D

Vision

Question 70

The subordinate is given with the authority to do all the functions in the department is called :

A

Work allocation

B

General delegation

C

Specific delegation

D

Formal delegation

Question 71

The concept of management accounting was coined by :

A

R.L. Gupta

B

R.N. Anthony

C

James H. Bliss

D

J. Batty

Question 72

GST is a consumption of goods and service tax based on :

A

Development

B

Destination

C

Duration

D

Destiny

Question 73

Examining of past performance, exploring alternative and planning future is :

A

Deciding

B

Exploring

C

Alternating

D

Learning

Question 74

Graph which plots series of successive observations of specific procedure, operation or step at regular time interval is called :

A

Control chart

B

Pareto diagram

C

Pie chart

D

Gantt chart

Question 75

The difference between the price that consumers pay and the price that they are willing to pay :

A

Consumer satisfaction

B

Consumer orientation

C

Consumer surplus

D

Consumer protection

Question 76

The practice where only extra-ordinary or non-routine matters are referred to the top management and all routine and day to day matters are handled at lower level management can be called :

A

Management by Objectives

B

Management by Accounting

C

Management by Efficiency

D

Management by Exception

Question 77

International capital market is also called :

A

Euro Market

B

Money Market

C

Dollar Market

D

Pound Market

Question 78

The tax that a business pays on a purchase and that it can use to reduce its tax liability when it makes a sale is called :

A

Tax pyramiding

B

Cascading effect

C

Input tax credit

D

Tax holiday

Question 79

In cash flow estimation, the depreciation shelters company"s income from :

A

Taxation

B

Discounts

C

Salvages

D

Expansion

Question 80

Contingencies and Events occuring after Balance Sheet date are dealt with :

A

AS 1

B

AS 4

C

AS 6

D

AS 12

Question 81

When a person legally exploits the tax system to reduce tax liabilities, it is called :

A

Tax Evasion

B

Tax Management

C

Tax Avoidance

D

Tax reduction

Question 82

The situation where the aggregate of the par value of its shares and debentures exceeds the true value of its fixed assets is called :

A

Over capitalisation

B

Optimum capital mix

C

Under capitalisation

D

Negative capitalisation

Question 83

AIIRR (International Rate of Return) , the PI (Profitability Index) is :

A

Zero

B

One

C

More than one

D

Less than one

Question 84

A retroactive arrangement between two parties who have no previous obligations to one another :

A

Illegal contract

B

Valid contract

C

Fake contract

D

Quasi contract

Question 85

Name the present governor of RBI :

A

Urjit Patel

B

Reghuram Rajan

C

Shaktikanta Das

D

Nirmala Sitharaman

Question 86

The types of goodwill where the customers are more loyal to a brand or company name :

A

Cat Goodwill

B

Dog Goodwill

C

Rat Goodwill

D

Rabbit Goodwill

Question 87

A primary market offer to the existing shareholders to buy additional shares of the company on a pro-rata basis within a specified date at a discounted price than the current market price is called :

A

Bonus share

B

Right share

C

Equity share

D

Preference share

Question 88

That portion of subscribed capital which remains uncalled except in case of winding up or at the time of liquidation is called :

A

Risk capital

B

Balanced capital

C

Capital Reserve

D

Reserve capital

Question 89

The minimum number of shares a person must own as provided in the company, in order of quality to become a director of the company is called :

A

Qualification shares

B

Founders shares

C

Promoters shares

D

Hybrid shares

Question 90

What is the excess of net assets over consideration paid?

A

Reserve capital

B

Security Premium

C

Capital Reserve

D

Goodwill

Question 91

Name the application of ICT for delivering Government services to citizens in a convenient, efficient and transparent manner. The objective is to ensure that the services of the Government reach the public promptly and effectively :

A

e-Governance

B

e-Business

C

e-Commerce

D

e-banking

Question 92

Global System for Mobile (GSM) is a globally accepted standard for digital cellular communication that is created first time in which generations of mobile communication :

A

First Generation networks

B

Second Generation networks

C

Third Generation networks

D

Fourth Generation networks

Question 93

Full form of SIM is :
(i) Subscription Identification Mobile
(ii) Subscriber Identity Mobile
(iii) Subscriber Identification Module
(iv) Subscriber Identity Module

A

Both (i) and (ii) are correct

B

Both (ii) and (iii) are correct

C

Both (iii) and (iv) are correct

D

Both (i) and (iv) are correct

Question 94

Real-time exchange of text messages between two or more persons over Internet is termed as :

A

e-Content

B

e-Text

C

e-Books

D

Online chat

Question 95

Information Technology Act 2000 is amended in which year :

A

2001

B

2002

C

2008

D

2010

Question 96

Section 66E of IT Act 2000 and IT Amendment comprises:

A

Punishment for violation of privacy

B

Punishment for identity theft

C

Punishment for cyber terrorism

D

Tampering with computer source code

Question 97

The compulsive desire or excessive enthusiasm to check or accumulate news and information, typically via mobile phone or computer. Constantly checking e-mails, social networking sites, online news, etc. are the symptoms :

A

Isolation

B

Depression and anxiety

C

Lack of attention

D

Infomania

Question 98

The small text files used by browsers to remember our email id"s, user names, etc are known as :

A

Cookies

B

Bookmarks

C

Clipboard

D

Folders in Computer

Question 99

An application software for accessing the World Wide Web. It is used to navigate through web pages in the World Wide Web :

A

Website

B

Webpage

C

Web browser

D

Web server

Question 100

A challenge-response test in the form of an image of distorted text the user must enter that to determine whether the user is human or an automated bot :

A

Cache

B

Chat

C

Cookie

D

Captcha

111/2021 - Assistant/ Jr.Clerk/ Jr.Assistant/ LD. Clerk