Junior Clerk, Co-operative societies PSC Examination Questions: Are you searching for PSC Model questions for junior clerk, co-operative societies examinations. Here are 100 best previous PSC exam questions for Co-operative societies.
Junior Clerk, Co-operative societies PSC Examination Previous Questions
1
…………. is a statutory reserve created from net profit of a co-operative society.
Answer
Reserve Fund
2
Maximum strength of the managing committee of a primary co-operative society is …………
Answer
15
3
Maximum limit for surrender of earned leave admissible to the employees of co-operative society on retirement is ………….
Answer
300 days
4
Gehan is created in form ……….
Answer
8A
5
Written examination for direct recruitment to the post of clerks in a primary credit society is conducted by ……..
Answer
Co-operative service examination board
6
Section 80 of Kerala co-operative society act. Came into effect from …….
Answer
15-05-1969
7
Autonomy and independence is the …………….. co-operative principles
Answer
4th
8
Annual general body meeting of a cooperative society should be convened with in ………….. from the close of the financial year.
Answer
6 Month
9
The authority competent to write off bad debts in a co-operative society is …………
Answer
General Body
10
Section ………. Of NI act defines cheque
Answer
6
11
Crossing of a cheque can be cancelled by …………….
Answer
Drawer
12
The lead bank scheme was introduced in ……………..
Answer
1969
13
……………… is the custodian of foreign exchange reserve of India.
Answer
RBI
14
RBI was nationalized in the year ………….
Answer
1949
15
Fluid resources should be invested as per directions of the ………..
Answer
Registrar of co-operative society
16
Multi-purpose co-operative societies are the most important types of societies in ……………
Answer
Japan
17
…………… is an output device
Answer
Printer
18
………….. is plastic card provides purchase of goods on credit and withdrawal of cash.
Answer
Credit card
19
In a co-operative society the audit fees levied by ……… of KCS act.
Answer
Rule 65
20
If a member acts against interest of a society, he can be expelled by ………..
Answer
General Body
21
A tribunal is constituted under section …………… of KCS Act.
Answer
81
22
The minimum period of fixed deposit is ………… days.
Answer
7 days
23
Auditor of a co-operative society shall be appointed from among the panel approved by …………..
Answer
Director of co-operative audit
24
Fixed deposit is also known as ………. deposit.
Answer
Term deposit
25
Co-operative flag was designed by …………
Answer
Charles Gide
26
Statutory protection can be claimed for ……. cheques.
Answer
Crossed
27
In stock exchanges only …….. Securities are bought and sold.
Answer
Listed
28
Endorsement is defined in section ……………. of NI Act.
Answer
15
29
The rules and regulation of a co-operative society is formed in its ………..
Answer
Byelaw
30
Recruitment of staff of the district co-operative banks is entrusted …………..
Answer
PSC
31
Quorum for the managing committee in section …………… of KCS act.
Answer
Sec 28(5)
32
The president of a co-operative bank is ………
Answer
Officer
33
The number of members of co-operative tribunal is …….
Answer
1
34
A co-operative society is defined in section ……. Of KCS act.
Answer
2f
35
The president and office bearers of the society shall be elected with in …. Days from the date of election
Answer
7
36
Treasury bills are issued by ………….
Answer
Goverment
37
Narasimham committee on banking reforms was appointed in ……………
Answer
1991
38
Cheques are payable …………
Answer
on demand
39
Punjab national bank was set up in the year ……….
Answer
1895
40
The major source of revenue of any business is…..
Answer
Sales
41
Accounting begins where ……. Ends
Answer
Book keeping
42
Closing stock is …….
Answer
Asset
43
Arbitration in co-operative society is done as per section ….. of KCS act.
Answer
69
44
Special General Body Meeting is held as per section of KCS act.
Answer
30
45
Amalgamation and division of co-operative societies is done by section ….. of KCS act
Answer
14
46
Prepaid expenses is shown in companies’ balance sheet under ……
Answer
Current Assets
47
Purchase journal is meant for recording all ……. purchased of goods
Answer
Credit
48
A bank reconciliation statement is prepared by ……………
Answer
Customer
49
The Reserve Bank of India is a …………….
Answer
Statutory Company
50
Promotion of co-operative society is a duty of ……….
Answer
Managing committee
51
The headquarters of SURABHI is at ………….
Answer
Ernakulam
52
Who is the father of co-operative movement?
Answer
Robert Owen
53
An important document for the membership in co-operative society is ………….
Answer
Identity card
54
Asset ……… Liability= ……….
Answer
Capital
55
The custodian of minutes book of a society is ………….
Answer
Secretary
56
Rebate is related to ……….. type of societies
Answer
handloom
57
The total number of rules in the KCS act is ………..
Answer
201
58
The constitution of a society is its ……….
Answer
Beylow
59
The co-operative societies are classified by ………. KCS act
Answer
Rule 15
60
……. Has a right to sign in the identity card of a member of a co-operative society
Answer
Secretary
61
Legal heirs have to submit …….certificate to the bank for claiming credit balance exceeding 25000
Answer
Succession certificate
62
Fixed deposit account is a ……….. liability
Answer
Time liability
63
Garnishee order is issued by the court on the request of the ……..
Answer
Creditor
64
Assets a/c always have …….balance.
Answer
debit
65
………. Is journal and ledger.
Answer
Cashbook
66
……….is the account of unsold goods in hand at the end of trading period.
Answer
Closing stock
67
Provision for bad debt a/c is created by debiting ……….
Answer
Profit & Loss
68
……… are the amount earned by selling the product of a concern
Answer
Revenue
69
Current SLR rate is …………
Answer
20.50
70
Recording credit sale in cash book is an error of ………
Answer
Commission
71
Expansion of A.T.M is …………
Answer
Automated Teller Machine
72
Liquid asset is ……….
Answer
Floating asset
73
A person is known as ……….if he is unable to pay his debts in full
Answer
insolvent
74
NABARD was established on ……….
Answer
1982
75
Internet banking is also known as ………..
Answer
Cyber banking/Online banking/Personal computer banking
76
Issue of notice of maturity of deposits to the depositor is ……….
Answer
mandatory
77
Immovable property offered as security for availing loan shell be created by means of……….
Answer
Mortgage
78
Internal auditor in a co-operative society is appointed by ………….
Answer
Managing committee
79
Co-operative audit is financial audit as well as ……….. audit.
Answer
Administrative
80
Reserve fund is created out of ………
Answer
Net Profit
81
When number of co-operatives make use of the services of an auditor. Jointly it is ………
Answer
Group audit
82
A fund created for the replacement of an asset or the repayment of a liability is called ……..fund.
Answer
sinking
83
An audit report which contains no condition is called ……….. report.
Answer
clean
84
Erection charge made for machinery is added to ……… a/c.
Answer
Machinary
85
High yielding Loans is a …………
Answer
performing asset
86
Maximum validity of a cheque is …………
Answer
3 Months
87
Maximum period of an Administrator/Administrative committee of a co-operative society carrying banking business is ……………..
Answer
one year
88
The chief executive of the society shall prepare the financial statements and statutory statement within ……. Months from the close of the financial year
Answer
One month
89
………… means allocating the work in such a way that one person’s work is automatically checked by another.
Answer
internal check
90
All primary credit co-operative shall open its branches with the prior permission of ………………
Answer
Registrar of co-operative societies
91
The features that allows preview a document in the computer before it I printed is………….
Answer
Print preview
92
Outstanding salary is …………….
Answer
Liability
93
In fixed installment method depreciation is calculated on …………….
Answer
Original Cost
94
Legal charges in connection with the purchase of land is …………expenditure.
Answer
Capital
95
“Towards co-operative common wealth” was written by ……………
Answer
D.R. Gadgil
96
Usually patronage dividend is paid by ……………
Answer
Consumer
97
Principle state partnership fund is maintained by ………..
Answer
State co-operative bank
98
The headquarters of ICA was shifted to Geneva from London in ………..
Answer
1982
99
………….. is the father of co-operative movement in USA
Answer
Hudson Kelly
100
SSU was organized in the year ………….
Answer
1970
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BEENA
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