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Board Maharashtra  State Council of Educational Research and Training
Class Class 12th / HSC
Download Question Bank With Answer Key
Stream Commerce
Subject Co-Operation
Document Type PDF
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Maharashtra HSC Co-Operation Question Bank

Maharashtra  State Council of Educational Research and Training, Pune Class 12th/HSC Co-Operation Question Bank With Answer Key March 2021

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Class & Subjects Question Bank
Class XII Co-Operation
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Maharashtra Class XII Co-Operation Sample Questions

Q.1 A) Select the proper option from the options given below and rewrite the sentence.
1. Directors are the ______ of the members.
(a) Creditors (b) Representatives (c) Servants

2. A person whose name comes second on the share certificate is called _______ member.
(a) Active (b) Nominal (c) Associate

3. A member who fulfils all the conditions of membership is called as _____ member.
(a) Active (b) Associate (c) Nominal

4. A person who is admitted as a member and pays only entrance fee is ______ member.
(a) Associate (b) Active (c) Nominal

5. An individual who has completed the age of _____ years is eligible for membership.
(a) 18 (b) 15 (c) 21

6. Members are the ______ of the co-operative society.
(a) Creditors (b) Employees (c) Owners

7. Right to decide number of members of managing committee is to _____.
(a) Secretary (b) Chairman (c) Registrar

8. The first co-operative Act in India was passed in the year _______.
(a) 1912 (b) 1925 (c) 1904

9. For the registration of co-operative society, minimum ______ copies of bye – laws must be submitted along with application form.
(a) Four (b) Two (c) Six

10.The _______ is appointed by the State government to supervise and control the working of co-operative societies at state level.
(a) Promoter (b) Commissioner and Registrar of Co-operatives (c) Secretary

11.Commissioner and Registrar of co-operatives is appointed by the _______.
(a) Central Government (b) State Government (c) Local Government

12.Commissioner of co-operative societies works at ______ level.
(a) Taluka (b) State (c) District

13.Commissioner must be ______ administrator.
(a) Soft (b) inefficient (c) Strict

14.The Assistant Registrar is appointed at _______ level.
(a) Taluka (b) Division (c) State

15.A list of subjects to be discussed in the meeting is called ________.
(a) Notice b) Agenda c) Minutes

16.The first co-operative society Act in Maharashtra was passed in the year_____.
(a) 1904 b) 1912 c) 1960

17.The prime source of raising capital of co-operative society is ______.
(a) Share capital b) Entrance fees c) Grants and Subsidies

18.As per Maharashtra co-operative societies Act every co-operative society needs to transfer ______% amount of their profit to reserve fund.
(a) 12 b) 15 c) 25

19.Second co-operative society Act in India was passed in the year _____.
(a) 1904 b) 1912 c) 1960

20.An External source of capital is ______.
(a) Share b) Debenture c) Reserve fund

21.After ending the financial year of co-operative society _______ general body meeting is called.
(a) First b) Annual c) Special

22.The details of meeting are written in _______.
(a) Minute book b) Agenda c) Member’s Register

23.The financial year of co-operative society ends on _______.
(a) 30th June b) 31st March c) 31st December

24.The meeting which is called for specific purpose is known as _______ general body meeting.
(a) First b) Special c) Annual

25.The First general meeting is called by ____________.
(a) Chairman b) Promoter c) Registrar

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