I
keralapsctips.blogspot.in
202/2000
CLERK/CASHIER: DISTRICT CO-OPERATIVE BANK MODEL EXAMINATION : SET -2 100 Marks
Each question is provided with five alternatives. Mark your answer in the special answer sheet with HB pencil. Each questioA carries 1 mark. 1/4 mark will be deducted for each wrong answer. 1. V'hich fund is creØ'from the annual net profit of the Co-operative societies? (d) Reserve fund (b)Common good fund (c) Education fund • ;.(aOtherfunds (e) None of these •
2. :- lr Primary Agricj.sltural Credit Societies the short-term loan is granted on the basis of ---------(a) crop loan r' (b) credit loan (C) mortgage on land (d) pledge on securities (e) None of these •
keralapsctips.blogspot.in
lime: 1 hour 15 minutes
3. Sasonality of lending and recovery is a peculiarity of ----------loan which are advanced from theprimary agricultMr a l credit societies. (a Credit (b) Cash (c) Mortgage (d) Crop (e) None of these 4 is called the father of Indian co-operative mjernent Maclagan (b) Frederic Nicholson (c) William King (d), Robert Owen (e) None of these
(aI
est bushed rural credit societies in Germany. -4.---F. Waiffeisen (b) Herman Schulze (d San Vat sen
(e) None of these
•
is the head of the co-operative department -4-----(a) Central government (b) Stategovernment(c) Registrar
4-
(c) Horace Plunkett (d) RBI
(e) NABARD
Cs-operative movement in G.D.R comprised mainly of--------perative consumer's stores• (b) Co-operative marketing organisation (c). Co-operative Export organisation .(d)Co-operative warehousing oànisation (e) None of these Hrman Shuize organised the first credit society in the world in --------(a) 1861 (b) 1852 (C) 1857 (d) 1850
(e) 1863
Hrman Schuize organised$e credit societies for the area covering --------(a) rural people 46) urban peoj,e' (c) consumers (d)people in the cities (e) None of these ---
-----
(a) One
tier structure is followed by co- erative marketing ácieties in Kerala (b) Two (C) Three • (d) Four •
(e) None of these
Fil t general body of a co-operative society is convened by .J (a) inisterforco-operalion (b) Shareholders (c) Chief Promoter (d) Depositors I
12: Fi t Land Development bank was started in (a)Kerala (b) Tamil Nadu
(c) Karnataka
Firal authority of all affairs of co-operative society is j (a)Mánaging committee (b) General body (d)Non-official body (e) None of these T* co-operatoris the first---------in the world (a)co-operative news (b) co-operative journaL (d)co-operative union (e) None of these
J"
C4operative collective farms in Russia is known as --------(b) CTS (c) Kolkhoz (a)rDB £rillicInce College - Mtodel E<àmination: 2
/ (d) Punja./
(e) None of these • (e) Gujarat
(c) Executive Committee
(C)
co-operative slogan
(d) KOH
(e) Zen-noh
LIII
-J
keralapsctips.blogspot.in
LA CIrk/Cash ler: L istrict Co-oprativ sank
Who is considered as the father of co-operative movement in China? (a) Dr. Sue/at Sen.../(b) Horace Plunkett (C) Herman Schuize (d) Raiffeisen
(e) Schulze Delitzh
-------------was started in the year 1935 by the RBI Act of 1934 (C) NCCT (a) NABARD (b) NCDC
(e) NCUI
(d) RBI
l by H. Calvert ------------commission on Agriculture of 1928 is (d) B. Sivaraman (b) Saraiya ;?R~ oyal (a) Gorwala
(e) Mirdha
The headquarters of ICA is at 'Geneva (a) Hague ----- --
(C)
London
(d) Vienna
Keral/Co-operative Hospital Federation was registered (Hospital fed) in ---------(d) 1997 (b) 1987 (c) 1982 (a)i99
•
(e) Paris (e) 1993
keralapsctips.blogspot.in
Co-operative week in India is being celeberated from -----------every year under the auspicesof NCUI (a) 17th to 22nd September tS 14th to 20th November (d) 12th to 19th November 2nd to 19th November (C) (e) 10th to 17th January
---------is maintained in the traditional milk societies (b) Thrift fund (c) Cess fund (a) Reserve fund
(d) Cattle Mortality fund (e) None of these
Kooperative Forbundet (KF) is related to which nation? (b) Sweden S-" (a) Italy (c) USA
(d) Japan
(e) Germany
In Japan the consumer movement started in ---------(b) 1886 (C) 1879 (a) 1876
(d) 1864
(e).1871
Sinking fund of State Co-operative Agricultural and Rural development bank is also termed as ----------(b) debenture redemption fund (a) loan recovery fund (c) deposit mobilisation fund (d) credit stabilisation fund (e) None of these
•
/
According to the New Amendpent the term or period of committee members of a society is ---------'5 years (d) 6 years (a) 2 years (c) 3 years (e) 8 years Stock register is maintained in societies on the basiôf --------system (b) double lock (c)aflit control (d) last in first out (a) first in first out
(e) average cost
Neethi stores were introduced by the Government of Kerala in ----------(d) 1972-1976 (b) 1997-1999 (C) 1973-1975. (a) 1 7-1 998 '1
(e) 1992-1994
------- -i--- was established in Israel to rehabilitate the Jews to solve their economic problems.
•
(a) KVUTZOT'I
(b) KOLKHOZ
(c) MOSHO\'
(d) KOH
-
(e) None of these
---------- means a special charge on movable or immovable prrperty in favour of the Agricultural Development Bank or primary bank (b) Secured loan (c) Hypothecation (d) Pledge (e) None of these _LY'Gehan -
-----------means preface or introductory statement about the Act, but it isnot a part of the Act. J3Preamble (c) Bye-law (d) Sub rules (e) Provision (a) Rules SeIon1 of the Kerala Co-operative Societies Act 1969 deals with -----------of the Society (b) definiti )flS of tel ns ( short title, extent and commencement (e) strategies (d) practices
(c) principles
The definitions of Apex society, Central society etc come under --------of the Kerala Co-operative societies Act 1969 (b) Section 5 (c) Section 11. (d) Section 2 (e) Section 7 (a) Section 4 Who is the political head of the Co-operative department to whomthe government confers all the powers? (a) inisterCo-opera1ion (b) NABARD (c) Registra,( (d) Returning officer (e) None of these Brilliance CoIle.g
-
Model E
I
keralapsctips.blogspot.in Clerk/Cashier: District Co-operative Bank
Whoonducts the attachment and sale of properties of the defaulter? (aale officer (b) Administrator (c) Arbitrator (d) Liquidator
(e) Returning officer
-means an apex society having only DCBs as its members (a) Primary bank (b) District Co-operative bank (d) Land Development bank 1(c) State Co-operative bank -" (e) Regional Rural bank
39•
Which section d,øals with certificates of registration, as registered under the Act of 1969? (a) Section 8-.' (b) Section 4 (c) Section 9 (d) Section 11
(e) Section 4
The number of persons required to form a co-operative society? (b) 20 (c) 25 (a) 30
(e) 7
important object of the society is I 7'hepromotion of economic interest of its members (c) to uplift the moral well being of the members (e) to provide training to its members
(d) 10 •
keralapsctips.blogspot.in
1
(b)todecreasefinanciaJ stabilityof the members (d) to provide, maximum finance to members
40. Which is the document that contains the rules angulations for the internal management of a society? (a) Statute (b) Rules (d) Act (e) Provisions % ,(c) Bye-law 41. Section 12 and Rule 9 deal with the legal provisions for the amendment of ----------(a) bye-laws (b) name of the society (c) working of the society (d) management of the society
(e) None of these
42. The application for amendment of bye-law should contain a copy of existing bye-law together with the ----------and the reason for the same forwarded to the Registrar (b) proposed amendment (a) proposed bye-law (c) certificate of credit worthiness (d) certificate of number of members (e) None of these 43. --does not mean that anybody can join a society at any time as member (a) Involuntary membership (b) Open and voluntary membership (c) Nominal membership (d) Special membership
(e) None of these
44. Qualification of membership is described in ---------of Act 1969 (a) Section 14 Rule 14,15 (b) Section 16 Rules 16,17 Section 18 Rule 12 (d) Section 9 Rule 11, 12 (e) SectionlO Rule 10, 11 45. Rule 20 lays down the procedure for --------(a) ualification of membership getting membership
(b) amendment of bye-laws (d) compulsory amalgamation
46. Compulsory amendment of bye laws is made under which circumstances? (a) Altering the area of operation or improving the service (b) Altering the manageing committee (c) Improving the operations of the society Adjust the reserves of the society (e) Altering the committee members
(e) None of these -
47. If the Registrar refuses to register the amendment he has to communicate his decision with reason witI\n days of the order (a)15 (b)7 ' '(d)14 (e)10 (c)30 48. Which section provides for the expulsion of a mempf (a) Section 16 Rule 15 (b) Section 17 Rule 18 (d) Section 6 Rule 14 (e) Section 5 Rule 16
(c) Section 10 Rule 17
49. The Nominal rnmber is not entitled to any share in the assets or ----- ----of the society (d) interest (b) liabilities (c) dividend (a) profit ,,/ Bri Jiance CoIIege - ModeI E,
(e) None of these
keralapsctips.blogspot.in Clerk/Cashier: tistrict Co—oéàive Bank
50.
Section 21 deals With ------(a) voting right (b) right to participate in the shares (d) right to participate in management affairs (e) None of these
(c) right to receive dividend
Which system of banking was followed by India in earlier periods? (a) Commercial banking (b) Industrial banking (C) Exchange banking (d)lndigenous banking (e) Mixed banking
52.
The presidency banks were amalgamated into ---------of India in 1921 (a) Imperial Bank (b) Commercial Bank (c) Industrial Bank (d) Central Bank (e) None of these Which is the first bank with limited liability managed by Indians? (a) Sindh bank (b) Punjab National bank (c) Oudh Commercial bank (d) Presidency bank (e) None of these
53.
keralapsctips.blogspot.in
51.
The All India Rural Cr6dit Survery Committee recommended the (a) nationalisation/ (b) liquidation (c) amalgamation
of the Imperial bank of India (d) re-construction (e) None of these
The aim of social control on commercial bank was to bring about (a) control on credit policy (c) changes in the management and credit policy (e) None of these
(b) control on management action (d) development in lending structure
The first Joint Stock bank in India is the ---------/ (a) Bank of Bengal (b) Bank of Hindustan v" (d) Bank of Bombay (e) State Bank of India
(c) Bank of Madras
England is the homof (a) branch banking
0
(b) unit banking
(c) federal banking (d) mixed banking
(e) None of these
Among the joint stock banks in England, ----------banks were referred to as the clearing banks. (a)9 (b)10 (c)11 ç./ (d)7 (e)12
London Banker's clearing house is an organisation which increases the efficiency of the ---------system (a) cheque (b) overdraft (c) demand draft (d) exchage bill (e) noting charge Which institution is termed as 'a factory of credit'? (a) Sole proprietorship (b) Banks ..,/ (c) Partnership
(d) Co-operative society (e) None of these
---------undertakes all kinds of ordinary banking business and they lend money to commerce (a) Central bank (b) Commercial bank (c) Exchange bank (d) Agricultural bank (e) Industrial bank
A system by which a bank carries on banking business through a net work of branches throughout the country is termed as -------(a) credit banking (b) rural banking (c) branch banking (d) indigenous banking (e) Unit banking A letter of credit/includes alan ---- ------by the issuing banker to accept all bills to the limits of credit (a) promise / . (b).agreement (c) adjustment (d) letter (e) credit
When the promise to accept is conditional on the receipt of the docun)ents of title to goods, it is called ------(a) letter of allotment (b) clean letter of credit 'tb) documentary letter of credit (d) revocable letter of credit (e) irrevocable letter of credit A letter of creV(s one which can be cancelled at any time by the issuing banker is called ---------(a) revocable (b) irrevocable (c) circular - (d) currency (e) None of these Circular letters of credit are generally intended for -/ -------- who may require money in different countries. (a) bankers (b) federations ,0 5'traveIlers (d) creditors (e) merchants An organisation of various banks constituted for the purpose of off-setting the interbank indebtedness arising from the transfer of deposits by a customer of a particular bank to another bank is called --------(a) branch banking (b) utit banking ()4learing house (d) credit union (e) None of these ----------finance industries by juppiying long- term loans. (a) Rural banks (lndustrial banks (c) Exchange banks (d)Agricultural banks (e) None of these BrilIiance College - I'Aodel E
N
keralapsctips.blogspot.in
Clerk/Cashier: District Co-operative Bank
- --banks specialise in financingforeign trade of a country (cEchange (b) Agricultural Industrial
(d) Service
-(e) Rural -
--------is one under which the cojnmercial banks provide both short-term and long term finance to industries. (d) Company banking (e) Chain banking (b)-f1ixed banking (c) Group banking ( ) Deposit banking is the art and science of keeping a systematic record of business transactions in a set of books (e) Vouching (d) Debiting (b) Book-keeping'!' (c) Crediting Accounting
- --------are the amount owed by a business (b) Assets ) Claims
?'•
(e111)h
(d) maker, debtor
(e) None of these
(d) Capital
(e) None of these
'I (c) Liabilities
ho are the users of accounting info50ion? (b) Debtors, employers Investors, creditors, employees (e) None of these (d) Managers Shareholders, share applicants e right of thp'wner against the assets of the firm is called (c) Asset (b) Profit
(di) Capital V
4
(d) Liability
------of a business is really the net value of,ässets that belong to the owners (d) Net asset (b) Net worth ./' (c) Net loss () Profit
(e) Reserve (e) None of these
Tfi,e sum of money received or to be received from the customers as a result of the sale of goods or services, or bbth during a period of time is called ---------(c) revenue (d) loss (e) expenses profit (b) income
(1)
State the book keeping euation// () Assets = Capital + liabilities Assets = Capital - liabilities
(4
(b) Capital = Liabilities - capital (d) Liabilities = Capital - assets
SJmmarjsed record of business transactions is called ---------/ (b) journal (c) account J ( entries j
-
(d) audit
(e) None of these (e) None of these
lr Double entry system, every'fansaction is recorded in ----------(b) two sides of the same account ( two different accounts J (d) two sides of two accounts (c the same account on two. different dates
(e) None of these
Bth assets and owner's equity would be incrflased by ---------(at) proprietors withdrawals (b) purchase of an asset on credit (c profit earned and retained in business (d) loss secured
(e) None of these
Ai event how so ever important to the business will not be recorded in the books of account if it cannot be masured in money terms. What concept is it? (4,Dual aspect concept (b) Cost concept (c) Business entity concept Money measurement concept (e) Going concern concept Nminalaccountsarecalled --------accounts (a ledger (b) impersonal
(c) real
(d) fictitious
keralapsctips.blogspot.in
borrows Rs. 50 from A, then B is the ---------and A is the ----------(b) creditor, debtor (c) debtor, debtor ( ) debtor, creditoç/
--- I
(e) special
---v-- signifies that the business transactions are recorded in the books of accounts only at the amounts adl1itally involved and this cost is the basis for all subsequent accounting for the asset (aj Business entity ( Cost concept (c)Dualaspectconcpt (cGdngaricemcxrxqt(e) None of these
a
M han started a business with a capital of Rs. 25,000 on 1-1-1988. During the year he made profit of Rs. 6000. H owes Rs. 4500 to suppliers of goods. What is the total assets in his business on 31-12-1988? a)31000+4500=35,500 (b) 31000 - 4500 = 26500 (c) 25000- 4500 = 20500 (d) 25000 + 4500 = 29500 (e) 31000-25000 = 6000 Brillicince College - Model E,
LII
keralapsctips.blogspot.in Clerk/Cashier: District Co-operative Bank If total assets of a business is As. 64000 and net wortJis As. 40,000 what is the creditors equity? (a) As. 64,000 (b) As. 40,000 (C) Rj'24000 (d) Rs. 1,04,00Q (e) Rs. 23,000 Documents on the basis of which entries are made in the books of account are known as ---------(a) journal (b) joumalising (C) journal entry (d)rce documents (e) ledger Pujchase of equipment for cas) ----------.. increases total assets (b)eeps total assets unchanged (d) changes bank account(e) None of these
(c) decreases total assets
Drawing accØ is a------- - accoUnt (a) personal (b) real 91.
(c) nominal
(d) special
Loss of goods by fire may be credited to --------account (a) drawing (b) stock . (C) sales
. (e) None of these
.
(d) purchase
(e) None of these
Raju paid by draft, s. 880 and wa/allowed discount Rs. 20. The entru in the journal is ------(a) Cash account Dr. .880 (b) Cash Dr 900 Discount allowed ,, 20 To discount 20 To Rao 900 ,, Rao 880
92.
V
•
(c) Bank . Dr. discount To ,, purchase
•
(e) Rao Dr ToCash discount . . 93.
. •
-
94. •
900 20
800
(d) Discount . To cash ,, Rao
Dr
.
20
900. 800.
.
800 •900 20
.
•
.
. .
The written evidence for a payment of ch is called --------(a) petty cash book (b) voucher •/ . (C) cash book
(d) joumalproper
The allowance,1nade by the wholesaler to the ----------is called trade discount (a) retailers'J (b)consumers (c) middlemen (d) stock traders
(e) special journal .
(é) None of these
/
95.
The naker of a bill of exchange is called the drawer, he is usu qjtc' the ---------(a) maker (b) debtor . (c) creditor '/ (d) payee
(e) drawee
/
96.
..
(e) special
97.
According to ------- - --- section of the companies Act, the final accounts of a company shall give a true and fair view of the state of affairs of the company . . (a)211 / .. (b)210 •(c)218 (d)118 (e)210
98.
---------is the period to which the financial statements is referred to in th? companies Act (a) Current year (b) Previous year (c) Subsequent year Financial year
99.
100.
•
The assets whih are easily converted into cash are termed as ----------assets (a) current (b) fixed (c) fictitious (d) general
keralapsctips.blogspot.in
How should drawing of the proprietor be treated in accounts? (a) Cash account and bank accounts are debited (b) Drawing account is debited and cash account is credited (c) Drawing and cash accounts are debited (d) Drawings account should be credited (e).None of these
0
A f5xt note to the balance sheet may be shown separately under the head of ------4) contingent liabilities • (b) reserves and surpluses . (d) provisions /(e) fixed asset Railway sidings are treated as --------------/ (a) current assets • (b) fixed asset'
Brilliance College
-
(c) liabilities
Model E
•
(d) reserve
(e) Related year (c) other liabilities
(e) provision
