1. Objects of reserve fund and dsiposal is mentioned in the Rule -
| [a] 58 | [b] 61 |
| [c] 63 | [d] 66A |
2. In which famous case, was it held that it is not the duty of an Auditor to take stock-
| [a] Dumbbell's Banking Co. Ltd | [b] Kingston's Cotton Mill |
| [c] Irish Wollen Co. Vs Tyson | [d] Carblree Vs Crablree |
3. A reserve not disclosed in books of accounts or Balance sheet-
| [a] Capital Reserve | [b] Specific Reserve |
| [c] Sinking Fund | [d] Internal Reserve |
4. Which is not a Differed Revenue Expenditure
| [a] Preliminary Expense | [b] Cost of issue of Debentures |
| [c] Heavy advertisement expenditure | [d] None of these |
5. Who is considered to be the father of the Coop movement in India -
| [a] Robert owen | [b] Edward law |
| [c] Maclagan | [d] Federic Nicholson |
6. Which committee is appointed by the Madras Govt. to study the Foreign Co-operative movement
| [a] Robert owen | [b] Edward law |
| [c] Maclagan | [d] Federic Nicholson |
7. In which year Madras Govt. appoint Sir Federic Nicholson to study the foreign Co-operative movement
| [a] 1886 | [b] 1885 |
| [c] 1892 | [d] 1895 |
8. Sir Federic Nicholson submitted his report in the year -
| [a] 1893 | [b] 1892 |
| [c] 1894 | [d] 1895 |
9. Unlike the European countries Co-operative movement was introduced in India as a ____ movement -
| [a] Volunteer movement | [b] Own movement |
| [c] Government movement | [d] Fascist movement |
10. The pioneer province in India in the field of cooperation -
| [a] Calcutta Province | [b] Bombay Province |
| [c] Banglore Province | [d] Madras Province |
11. Famine commission report came in the year
| [a] 1895 | [b] 1899 |
| [c] 1901 | [d] 1905 |
12. Whose famous word is "Find Raiffeisen" -
| [a] Federic Nicholson | [b] AD Gorwala |
| [c] Royal Commission on Agriculture | [d] Edward law |
13. Who was the chairman of the committee that was appointed by the govt of India to study the question of starting Co-operative credit societies in India-
| [a] Federic Nicholson | [b] Edward Maclagan |
| [c] Royal Commission on Agriculture | [d] Edward law Committee |
14. Who recommended for the first Co-operative legislation -
| [a] Edward Law Committee | [b] Edward Maclagan Committee |
| [c] David lbbetson Committee | [d] Famine Commission |
15. The first Co-operative Legislation in India
| [a] Co-operative societies Act 1904 | [b] Co-operative Credit societies 1904 |
| [c] Industrial Providence Societies Act 1852 | [d] Co-operative societies Act 1912 |
16. ____ societies were started in India at the beginning of Coop movement-
| [a] Consumer Co-operatives | [b] Co-operative Credit societies |
| [c] Urban Credit societies | [d] Non-Credit Co-operatives |
17. Who compiled the act of 1904 (Act X of 1904)
| [a] Federic Nicholson | [b] Robert owen |
| [c] Sir Edward law | [d] Sir Devzil lbbetson |
18. The first Co-operative societies registered under the act of 1904 -
| [a] Anyonya sahakari mandala | [b] Baroda Co-operative Bank |
| [c] Triplicane Urban Co-operative Society | [d] Kaduvayur Aikya nanya sangam |
19. TUCS was registered in the year -
| [a] 1905 | [b] 1904 |
| [c] 1935 | [d] 1901 |
20. By the act of 1904 society were classified into _____ & ______
| [a] Credit and Non Credit | [b] Rural and Urban |
| [c] Agriculture and Non Agriculture | [d] long term and short term |
21. Reserves are always shows _____ balance
| [a] Debit | [b] Credit |
| [c] Either Debit or Credit | [d] None of these |
22. End Product of Audit
| [a] Profit and Loss Account | [b] Trading Account |
| [c] Balance Sheet | [d] Trail Balance |
23. If a person owes some amount to business, his Account shows ____ balance
| [a] Credit | [b] Debit |
| [c] Either debitBalance Sheet | [d] No balance |
24. The concept of bankers cheque was introduced by _____ in the year _____
| [a] State Bank of India 1976 | [b] Punjab National Bank 1971 |
| [c] State Bank of Travancore 1975 | [d] RBI 1949 |
25. The document which can be used only for making local payment is
| [a] Draft | [b] Cheque |
| [c] Bill of Exchange | [d] Bankers Cheque |
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