CSEB Previous Question 1

1.Who is the father of co operation ?

       Ans : Robert Owen

2. Closing stock is a ?

       Ans : Asset

3. NABARD is a ?

       Ans : Development Bank

4. Village level Dairy co operative Societies        are known as ?

       Ans : Apcos

5. Bank without any branch is called as ?

       Ans : Unit Bank

6. All expenses account are known as ?

       Ans : Nominal Account

7. First Development Bank in India ?

       Ans : IFCI

8. The largest fertilizer factory in Asia ?

      Ans : IFFCO

9. Section 9 of NI Act deals with ?

      Ans : Holder in due course

10. Grameeya is the half yearly publication          of ?

      Ans : NABARD

11. Father of co operative credit Movement?

      Ans : FW Reiffesen

12. Protest is issued by ?

      Ans : Notary public

13. Village adoption scheme is related with?

        Ans : SBI

14. The supreme body of NCDC ?

      Ans : General Council

15. Village Co operatives were founded by ?

      Ans : Robert Owen

16. The apex institution in the field of                     industrial finance ?

      Ans : IDBI

17. Debit in asset means ?

      Ans : Increase

18. Depreciation for property and building?

      Ans : 2.5%

19. Cash reserve ratio is determined by ?

      Ans : RBI

20. Depreciation of iron mine due to ?

      Ans : Depletion

21. Cancellation of shares is called as ?

      Ans : Forfeiture

22. Which banks are called as Romance of            co operation ?

      Ans : Urban Banks

23. An agreement enforceable by law is                called ?

      Ans : Contract

24. Miscellaneous journal means ?

      Ans : Journal proper

25. A group of account is known as ?

      Ans : Ledger 

26. Accounting Principles are based on ? 

      Ans : Practicability 

27. Purchase return is called as ?

      Ans : Return outward 

28 . Gross block means ? 

      Ans : Fixed Assets 

29. In which year FEMA replaced as FERA ? 

      Ans : 2000 

30 . Bank of Hindustan established in the 

        year ?  

      Ans : 1770 

31 . Full form of TDS ? 

       Ans : Tax Deducted at Source 

32 . The date in which bill of exchange

        become payable is ? 

       Ans : Due date 

33 . The compulsory audit in co operative 

        society is ? 

        Ans : Final audit 

34 . What is TNUVA ? 

        Ans : Central marketing co operative for 

                   agricultural products in Israel 

35 . Indian Co operative Review is a 

       publication of ? 

       Ans : NCUI 

36 . The major source of revenue of a 

        business is ? 

      Ans : Sales 

37 . Tour Fed was established in the year ? 

     Ans : 2011

38 . Another name for quantitative credit

       control is ? 

     Ans : General Credit Control 

39 . Audit the accounts of the co operative 

       society is the responsibility of ? 

      Ans : Managing committee 

40 . Wilfully created mistakes are ? 

      Ans : fraud

41 . National Co operative Development 

       Fund is administered by ? 

       Ans : NCDC 

42 . Banking companies Act passed in the

        year ?

 

        Ans : 1949 

43. Maximum audit fee for co operative

      Societies in Kerala ? 

       Ans : One lakh

44. The book of final entry ?

       Ans : Ledger

45. The liability of partnership is ?

       Ans : Unlimited

46. In a co operative society liability in

      balance Sheet are arranged in the order

      of ?

      Ans : Permanency

47. The book ' century of co operation '

      written by ?

       Ans : GDH Cole

48. Headquarters of KRIBHCO situated at ? 

       Ans : Noida

49. Regional Rural Banks established in ? 

        Ans : 1975

50. The promoters committee consists of ?

        Ans : 3 - 5 members