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11th Standard Commerce Co-Operative Organisation English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Cooperative fails because of------------

    (a)

    Unlimited membership

    (b)

    Cash trading

    (c)

    Mismanagement

    (d)

    Loss-making

  2. Minority interest Can be protected in

    (a)

    Sole Trader

    (b)

    Partnership

    (c)

    Co-operative Societies

    (d)

    Public Company

  3. In India, the poverty and rural indebtedness were predominant during the ----------- century.

    (a)

    12th

    (b)

    17th

    (c)

    18th

    (d)

    19th

  4. The Co-operative society utilises transfers ____________ percent of profit to Reserve fund.

    (a)

    9%

    (b)

    10%

    (c)

    14%

    (d)

    25%

  5. "Each for all and all for each" principle is followed in _________________form of organization.

    (a)

    Sole Trader

    (b)

    Partnership

    (c)

    Company

    (d)

    Co-operative society

  6. Food Corporation act was set-up in the year ____________________

    (a)

    1964

    (b)

    1946

    (c)

    1955

    (d)

    1978

  7. At first, the cooperative movement was started by Robert Owen, in the year____________________  

    (a)

    1935

    (b)

    1932

    (c)

    1844

    (d)

    1884

  8. This emerged as an instrument to protect the interest of the weaker section is___________.

    (a)

    Socialism

    (b)

    Mixed system

    (c)

    Public enterprise

    (d)

    Co-operation

  9. Meclagaon committee was appointed in the year____________.

    (a)

    1904

    (b)

    1912

    (c)

    1914

    (d)

    1924

  10. In co-operatives the percentage of profit transferred to reserve fund is_____________.

    (a)

    9

    (b)

    10

    (c)

    15

    (d)

    25

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