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’ Programmed in Kerala.

(A) May, 1988 (B) April, 1980

(C) January, 1988 (D) December, 1988

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)

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

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

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

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

(A) David Dale (B) George Kurian

(C) Robert Owen (D) William King

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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

8. Co-operative flag was designed by

(A) The Central Government (B) ICA

(C) NCCT (D) International Co-operative Union

9. National Agricultural Co-operative Marketing Federation of India Ltd. (NAFED) was established

on the auspicious day of Gandhi Jayanti on _____

(A) 2nd October, 1948 (B) 2nd October, 1958

(C) 2nd October, 1968 (D) 2nd October, 1978

10. Cooperative Development Services was founded in 1985 by

(A) Robert Owen (B) David Dale

(C) Rod Nilsestuen (D) William King

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

12. “Circle Co-operative 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

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

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

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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.

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 amalgamated 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.

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

(A) in person (B) by proxy

(C) Both (A) & (B) (D) None of these

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

(A) 70 (B) 70A

(C) 80 (D) 81A

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

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

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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 per cent of the net profits to the reserve

fund;

(B) Credit such portion of the net profits, not exceeding five per cent, 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

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

23. The Central Institute of Coir Technology is at

(A) Bangalore (B) Chennai

(C) Trivandrum (D) Alappuzha

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

(A) 1969 (B) 1912

(C) 1956 (D) 2013

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

(A) 1969 (B) 1978

(C) 1971 (D) 2013

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

(A) Robert Owen (B) William King

(C) Federic Tailor (D) Scultz Delittech

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

(A) The Liquidator (B) The Members

(C) The Government (D) The Registrar

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

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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

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

31. The birth of Co-operative movement is in

(A) Germany (B) Canada

(C) Netherlands (D) None of these

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

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

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

(A) Baby John (B) E.M. Sankaran Naboothiripad

(C) Joseph Muntaserry (D) None of these

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

(A) Handloom (B) Hantex

(C) Surabhi (D) Kera

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

(A) 1984 (B) 1974

(C) 1994 (D) 1995

37. Who started urban banks in Italy ?

(A) Dr. William King (B) Lusy Lussati

(C) Kotthrochi (D) Robert Owen

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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

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

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

41. Headquarters of NAFED is situated at :

(A) Geneva (B) Washington

(C) England (D) New Delhi

42. Section _____of the Kerala Co-operative Societies Act gives provisions relating to winding up of

bank coming under DICGC.

(A) 74A (B) 81

(C) 93 (D) 44AA

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

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

(A) Gujarat (B) New Delhi

(C) Haryana (D) Dehradun

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

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

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

(A) 2000 (B) 2001

(C) 1999 (D) 1988

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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

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

(A) District (B) The Entire State

(C) Interstate (D) Taluk level

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

(A) New Delhi (B) Bengaluru

(C) Pune (D) Ahmedabad

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

(A) Net Profit (B) EBIT

(C) Gross Profit (D) Divisible profit

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

(A) India (B) Nepal

(C) Russia (D) China

53. During inflation the value of currency

(A) Increases (B) Remain constant

(C) Decreases (D) Can't say

54. Overvaluation of closing stock at the time of preparing P & L A/c will result in _____ statement

of reported profit.

(A) Fair (B) Under

(C) Over (D) Any of these

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

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

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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

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

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

(A) Real (B) Nominal

(C) Personal (D) Contra

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.

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

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

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

64. Which is a capital expenditure ?

(A) Research and Development Project

(B) Project Generation

(C) Project Expansion

(D) All of the above

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

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66. Under _____method of valuation of shares, 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

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

(A) Error of Commission (B) Del credere commission

(C) Overriding commission (D) Manager's commission

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

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

(A) Fictitious (B) Intangible

(C) Contingent (D) Wasting

70. The customs and traditions followed by the accountants for the preparation of the financial

statements :

(A) Accounting conventions (B) Accounting concepts

(C) Accounting standards (D) Accounting principles

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) Optimum capitalisation

72. The trial balance is prepared either by _____or by ______method.

(A) Balance, total (B) Profit, average

(C) Total, profit (D) Average, balance method

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

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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

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

76. That 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

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

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

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

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

(A) Loss (B) Liability

(C) Asset (D) Profit

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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

82. The first session of the Praja mandal be held at _____in January 1942.

(A) Irirnjalakuda (B) Cochin

(C) Vaikom (D) Kottayam

83. Antyodaya Anna Yojana was launched in _____

(A) December 25, 2000 (B) December 25, 2001

(C) December 23, 2000 (D) December 23, 2001

84. The Nobel Prize Winner for Medicine 2016

(A) William C. Campbell (B) Yoshinori Ohsumi

(C) May Britt Moser (D) Edvard Moser

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)

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

87. The first state to become bifurcated after Independence was

(A) Bombay (B) Madras

(C) Bengal (D) Hyderabad

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

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

(A) Manipur (B) Nagaland

(C) Meghalaya (D) Arunachal Pradesh

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

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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

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

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

(A) 26th October, 2004 (B) 26th October, 2005

(C) 26th October, 2006 (D) 26th October, 2007

94. Name the First women Magazine published in Kerala.

(A) Lakshmi Bai (B) Vidhya Vinodini

(C) Mahila (D) Suguna Bodhini

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

(A) Brantalayam (B) Enippadikal

(C) Moodupadam (D) Kondayil Ninnu Kurusilekku

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

(A) Annie Mascarene (B) A. V Kuttimalu Amma

(C) Akkamma Cheriyan (D) Lalitha Prabhu

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

98. The Historic site 'Hampi' is located in which of the following states :

(A) Tamil Nadu (B) Karnataka

(C) Andhra Pradesh (D) Maharashtra

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

(A) Iris Mittenaere (B) Raquel Pelissier

(C) Andrea Bezde Kova (D) Connie Jimenez

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

was the crown prince of

(A) Bahrain (B) Qatar

(C) United Arab Emirates (D) Saudi Arabia

__________

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