100 ചോദ്യങ്ങളും ഉത്തരങ്ങളും
OMR QUESTIONS
1.The term ‘ Gilt-edged’ means
| A. Secured | B. Unsecured |
| C. of the best quality | D. Out from the risk |
2.Expand IPO
| A. Initial primary offer | B. Initial public offering |
| C. Initial public offset | D. Internal public offering |
3.BHMI app was developed by
| A. RBI | B. NPCI |
| C. Stock exchange | D. Government of India |
4.Government securities where date of maturity is specified are known as
| A. Dated government securities | B. Secured government securities |
| C. Matured government securities | D. Specified government securities |
- Liquidity adjustment facility is introduced by
| A. Government of India | B. State Government |
| C. RBI | D. SBI |
- Year of Depositories Act
| A. 1999 | B. 1996 |
| C. 1992 | D. 2012 |
7.Commercial paper refers to
| A. Short term unsecured promissory note | B. Short term secured promissory note |
| C. Long term Unsecured promissory note | D. Medium term unsecured promissory note |
8.Certificate of Deposit (CD) was introduced in India in
| A. 1898 | B. 1979 |
| C. 1989 | D. 1999 |
9.Minimum lock-in-period for certificate of deposit (CD) is
| A. 30 days | B. 7 days |
| C. 15 month | D. 20 days |
10.When a money is borrowed or lent for more than a day and up to 14 days is called
| A. Call money | B. Overnight money |
| C. Notice money | D. Earn money |
11.Which committee recommended that call money market in India should be made purely an interbank market?
| A. Royal commission | B. Royal commission |
| C. Verma committee | D. Narasimham committee |
12.How many stock exchanges are there in India?
| A. 7 | B. 20 |
| C. 23 | D. 28 |
13.National Stock Exchange (NSE) was set up at the behest of the Government of India based on the recommendation laid out by the
| A. Pherwani committee | B. Index advisory committee |
| C. Naresh Chandra committee | D. None of these |
14.Management of SEBI includes — member from RBI.
| A. 3 | B. 1 |
| C. 0 | D. 5 |
15.How many parties are there in a transaction of forfaiting?
| A. 2 | B. 3 |
| C. 4 | D. 5 |
16.Act year of FERA
| A. 1999 | B. 2000 |
| C. 1973 | C. 1963 |
17.The difference between the rate at which the interest is paid on deposit and is charged on loans called
| A. interest | B. investment |
| C. Disbursement | D. Spread |
18.Section 58 of Transfer of Property Act
| A. Mortgage | B. Hypothecation |
| C. Assignment | D. Banker’s lien |
19.In case of mortgage, relationship between borrower and bank is
| A. Mortgagee – mortgagor | B. Mortgagor – Principal |
| C. Mortgagor – mortgagee | D. Principal – mortgagor |
- Liquidity Adjustment facility is recommended by
| A. Narasimham committee on banking reforms | B. Dantwala committee |
| C. Committee for financial sector reforms | D. BASEL committee |
21.Equitable mortgage is also known as
| A. Mortgage by deposit of equality | B. Mortgage by deposit of title deeds |
| C. Mortgage by ownership of depositor | D. Mortgage by loan |
22.A banker can open a SB account on behalf of a minor, which can be operated upon
by the
| A. Natural guardian of the minor | B. Natural guardian appointed by the court |
| C. A person authorized by the minor | D. Both A and B |
23.Electronic Clearance Service (debit) Scheme is introduced by
| A. NPCI | B. RBI |
| C. Government of India | D. UPI |
24.Rural infrastructure development fund was setup with NABARD in
| A. 1992-1993 | B. 1993-1994 |
| C. 1994-1995 | D. 1995-1996 |
25.Headquarter of Prathama Bank which is the first RRB
| A. Uttar Pradesh | B. Mumbai |
| C. Newdelhi | D. Andrapradesh |
26.ICA created International Co operative Entrepreneurship Think Tank(ICETT) in
| A. 2012 | B. 2018 |
| C. 2019 | C. 2020 |
27.First International Co operative Congress held in
| A. September 1895 | B. October 1895 |
| C. August 1895 | D. November 1895 |
28.Which is the National Federation of Agricultural Co operative Association in Japan?
| A. KOH | B. ZENFYOREN |
| C. NISSEIKYO | D. ZEN NOH |
29.Chief executive of NCDC
| A. Secretary | B. Managing director |
| C. General manager | D. Deputy general manager |
- Regional directorate of NCDC in Kerala is
| A. Kochi | B. Thrissur |
| C. Thiruvananthapuram | D. Kozhikode |
31.NAFED is registered under
| A. Multi unit co operative societies Act | B. Multi state co operative societies Act |
| C. Kerala Co operative societies Act | D. None of these |
- How many Regional Institute of Co operative Management are there under NCCT?
| A. 3 | B. 4 |
| C. 5 | D. 1 |
- President of NCCT
| A. Amith Shah | B. B.L Varma |
| C. Bijender Singh | D. Pankaj Kumar |
34.First president of NCUI
| A. H.L Shaji | B. Amith Shah |
| C. Lallubhai S Gupta | D. Dileep Sanghani |
35.Madhu Mantra is the brand name of honey developed by
| A. NCDC | B. NABARD |
| C. SC/ST FED | D. NAFED |
36.Ayushman Sahakar relates to
| A. SCU | B. Kerala bank |
| C. NCDC | D. NCUI |
37.Direct to kitchen is a slogan of —?
| A. Kerafed | B. Consumerfed |
| C. Coirfed | D. Capex |
38.Co operative law committee appointed in 1956 is headed by
| A. H. Calvert | B. S.T. Raja |
| C. S. D Misra | D. R.N. Mirdha |
39.Co operative way is the civilized way of working is quoted by
| A. Jawaharlal Nehru | B. Indira Gandhi |
| C. William King | D. Edgard Milhand |
40.Headquarters of TRIFED
| A. Mumbai | B. Noida |
| C. Newdelhi | D. Gujarat |
41.Banking commission setup under the chairmanship of
| A. H Calvert | B. Saraiyya |
| C. Maclagan | D. Gorwala |
42.Rehabilitation weaker central bank from heavy overdue was a recommendation of
| A. AIRCRC | B. AIRCSC |
| C. Maclagan committee | D. Planning committee |
43.The organizer of Purssian central bank in Germany
| A. Ben Hardy | B. Hass |
| C. Raiffeisen | D. Schulz |
44.Communal bank started by
| A. Don Cerutty | B. Luzzatti |
| C. H C Soune | D. Robert Owen |
45.Luzzati insisted only —– liability
| A. unlimited | B. limited |
| C. mixed | D. open liability |
46.Thisted workers store in Denmark started by
| A. Stilling Anderson | B. L C Nelson |
| C. NFS Gruntwing | D. H C Soune |
47.Find odd one, and are Swedish Insurance societies
| A. Folksam | B. Folket |
| C. Samarbete | D. ALKA |
48.Founder of urban co-operative banking system
| A. Schulz | B. Raiffeisen |
| C. William King | D. Robert Owen |
49.Luzzati followed the lines of ——— Bank
| A. Raiffeisen | B. Robert Owen |
| C. Schulze | D. William King |
50.FUSION is a —— Society in Sweden
| A. Marketing | B. Insurance |
| C. Dairy | D. Wholesale |
- As per Co operative societies Act 1904, registration deals with
| A. S 1 to S 2 | B. S 3 to S 4 |
| C. S 5 to S 6 | D. S 6 to S 7 |
52.As per Co operative society Act 1904, the Registrar shall audit the accounts of each society at least —- in every year.
| A. Thrice | B. Twice |
| C. once | D. none of these |
53.Rate of contribution to price fluctuation depend upon the rates
| A. fixed by RCS | B. Fixed in byelaw |
| C. Fixed by general body | D. Both A and C |
54.Rule 196 of KCS Act deals with
| A. Framing of Rules by the societies | B. Framing of Rules by the Government |
| C. Maintenance of service register | D. Prohibition of personal contract |
55.Employees of Co operative society shall be entitled to receive Medical allowance at the rate prescribed by
| A. Registrar | B. Government |
| C. Byelaw | D. General body |
56.Section 2 (ab) of KCS Act
| A. Auditing of accounts of co operative societies | B. Anand pattern milk co operative society |
| C. Consortium lending scheme | D. Recruitment committee |
57.Partnership of co operative society with the permission
| A. Government | B. RBI |
| C. General body | D. Registrar |
58.Interim vacancy of member can be filled up by
| A. Registrar | B. General body |
| C. Managing committee | D. Election |
59.Result of election shall be recorded in the minutes book of the union by
| A. Secretary | B. Returning officer |
| C. Electoral officer | D. Managing director |
60.Who shall fix the scale of pay of employee of the SCU ?
| A. Registrar | B. Government |
| C. Both (A) & (B) | D. Central Registrar |
61.Audit report shall be in the form specified by the
| A. Chief executive | B. Government |
| C. RCS | D. DCA |
62.No prosecution shall be instituted under sub-section 2,3,4,5,6 and 7 of section 94 without the previous sanction of the
| A. Government | B. RCS |
| C. Chief executive of the society | D. General body |
63.Every society shall send to the Registrar of any change in address of society within —-days of the change
| A. 15 | B. 30 |
| C. 20 | D. 7 |
64.Limitation Act was passed in the year
| A. 1960 | B. 1961 |
| C. 1963 | D. 1965 |
65.Unregistered appeal and applications in form number —– of Appendix II
| A. 21 | B. 25 |
| C. 24 | D. 26 |
66.Every appeal memorandum to the tribunal bearing court fee stamp of
| A. Rs.1.00 | B. Rs.1.50 |
| C. Rs.10` | D. Rs.5 |
67.Other staff in Tribunal as may be fixed by the —— from time to time
| A. RCS | B. Government |
| C. Secretary of Tribunal | D. Co-operation minister |
68.Any decision or order to which the application relates to under S. 87 was communicated to the applicant within ——- from the date on which the proceedings
| A. 1 month | B. 1 year |
| C. 3 month | D. 15 days |
69.Which rule deals with the secretary shall have the custody of record of the tribunal and shall exercise such power as are assigned to him?
| A. Rule 95 | B. Rule 97 |
| C. Rule 96 | D. Rule 98 |
- Position of valuation officer of PCARDB
| A. Assistant Registrar | B. Additional Registrar |
| C. Joint Registrar | D. Deputy Registrar |
71.In case of affiliation of co operative society quorum for last general body
| A. 2/3 | B. 1/3 |
| C. ¾ | D. no quorum |
72.Application to Co operative society deals with
| A. Rule 8 A | B. Rule 16 E |
| C. Rule 148 | D. Rule 155 |
73.Year of Employees Provident Fund Act
| A. 1955 | B. 1954 |
| C. 1953 | D. 1952 |
74.Fee for deciding monetary dispute shall be calculated
| A. 50 paise for every claim of 100 rupees | B. 25 paise for every claim of 100 rupees |
| C. 50 paise for every claim of 10 rupees | D. 25 paise for every claim of 10 rupees |
75.The ratios which reveal the final result of the managerial policies and performance is
| A. turnover ratios | B. profitability ratios |
| C. long term solvency ratio | D. none of the above |
76.The ratios which reflect managerial efficiency in handling the assets is
| A. turnover ratios | B. profitability ratios |
| C. short term solvency ratio | D. none of the above |
77.Which of the following assets have definite physical share or identity and existence?
| A. fictitious assets | B. current assets |
| C. tangible assets | D. intangible assets |
78.In profit and loss account, if debit is more than the credit, the difference is
| A. net profit | B. net loss |
| C. gross profit | D. none of the these |
79.Investment is a
| A. personal account | B. real account |
| C. nominal account | D. representative personal account |
- Interest earned is a
| A. personal account | B. real account |
| C. nominal account | D. Intangible real account |
- While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
| A. Business Entity Concept | B. Conservatism |
| C. Expenditure Concept | D. Money Measurement Concept |
82.Cash flow analysis is based on the
| A. capital | B. fixed assets |
| C. cash concept of funds | D. working capital |
83.In funds flow statement, outflow of funds on account of operations is
| A. application of fund | B. source of cash |
| C. application of cash | D. source of fund |
84.Secret reserve is also known as
| A. Hidden reserve | B. inner reserve |
| C. internal reserve | D. All of these |
85.General reserve is created by
| A. Debiting Profit and loss account | B. Debiting Profit and loss appropriation account |
| C. Crediting Profit and loss account | D. Crediting Profit and loss appropriation account |
86.General reserve is also called
| A. Revenue reserve | B. Free reserve |
| C. Normal reserve | D. both A and B |
87.Missapropriation of goods is otherwise called
| A. Embezzlement of goods | B. Fraud through goods |
| C. Pilferage of goods | D. Both A and B |
88.Goods purchased on credit from Mr. X on 31-05-2019 for 20,000 not recorded on purchase book is
| A. Error of complete omission | B. Error of principle |
| C. Partial omission | D. Error of commission |
89.Detection and prevention of fraud is the —- of audit
| A. Primary objective | B. Main objective |
| C. Secondary objective | D. Both A and B |
90.Audit is done with the help of
| A. Voucher | B. Documents |
| C. Explanation received from the authorities | D. All of the above |
91.First column of Receipt and disbursement statement
| A. Opening balance | B. Capital |
| C. Receipt | D. Disbursement |
92.Provision for depreciation
| A. is shown on the liability side of balance
sheet and deducted from asset value |
B. is shown on the liability side of balance
sheet and not deducted from asset value |
| C. is shown on the asset side of balance
sheet and deducted from asset value |
D. is shown on the asset side of balance
sheet and not deducted from asset value |
93.Which of the following is correct?
- Liability = Receipt – Disbursement
- Liability = Disbursement – Asset
- Liability = Opening balance + Receipt – Disbursement
- Liability = Asset – Capital
| A. A and D | B. A,C and D |
| C. B and D | D. Only D |
94.Peculiar feature of Co operative audit.
| A. Statutory audit | B. compulsory audit |
| C. Test audit | D. interim audit |
95.Legal fees paid in connection with factory extension.
| A. Deferred revenue expenditure | B. Revenue expenditure |
| C. Income | D. Capital expenditure |
96.Fire insurance premium
| A. Capital expenditure | B. Revenue expenditure |
| C. Deferred revenue expenditure | D. Either A or B |
97.Which of the following expenditures/receipts are treated as revenue?
| A. Earned from trade receivables during
the year Rs.15,000 |
B. Rs.15,000 spent on demolishing a building
for the construction of a bigger building at the same site |
| C. Rs.15,000 spent as travel expenses of
directors on foreign trip for purchase of capital asset |
D. Rs.15,000 received as insurance claim on
account of damage to machinery caused by fire |
98.Capital expenditure will be reflected in
| A. Trading account | B. Profit and loss account |
| C. Profit and loss appropriation account | D. Balance sheet |
99.Amount spent on increasing the seating capacity of a cinema hall is called
| A. Personal expenditure | B. Nominal expenditure |
| C. Capital expenditure | D. Revenue expenditure |
100.The objectives of capital expenditure budget is
| A. Estimate expenditures | B. Determine capital projects |
| C. Overlook expected rate of return on each project | D. Prevent cost over run on projects |
ANSWERS
| 1. C | 33. A |
| 2. B | 34. C |
| 3. B | 35. D |
| 4. A | 36. C |
| 5. C | 37. A |
| 6. B | 38. B |
| 7. A | 39. A |
| 8. C | 40. C |
| 9. B | 41. B |
| 10. C | 42. A |
| 11. D | 43. B |
| 12. C | 44. A |
| 13. A | 45. B |
| 14. B | 46. D |
| 15. B | 47. D |
| 16. C | 48. A |
| 17. D | 49. C |
| 18. A | 50. C |
| 19. C | 51. C |
| 20. A | 52. C |
| 21. B | 53. B |
| 22. D | 54. A |
| 23. B | 55. B |
| 24. D | 56. A |
| 25. A | 57. D |
| 26. B | 58. D |
| 27. C | 59. B |
| 28. D | 60. C |
| 29. B | 61. D |
| 30. C | 62. B |
| 31. B | 63. B |
| 32. C | 64. C |
| 65. D | 83. A |
| 66. B | 84. D |
| 67. B | 85. B |
| 68. C | 86. D |
| 69. C | 87. C |
| 70. A | 88. A |
| 71. D | 89. C |
| 72. C | 90. D |
| 73. D | 91. C |
| 74. C | 92. B |
| 75. B | 93. B |
| 76. A | 94. C |
| 77. C | 95. D |
| 78. B | 96. B |
| 79. B | 97. A |
| 80. C | 98. D |
| 81. B | 99. C |
| 82. C | 100. C |
( മൂന്നാംവഴി സഹകരണമാസിക ആഗസ്റ്റ് ലക്കം -2023)