CSEB Previous Question 7

 1 . Farming societies in Russia known as ?

            Ans : Kolkhoz

2 . The system of note issue followed by RBI ?

           Ans : Minimum Reserve System

3 . The headquarters of Hudco is at ?

           Ans : Delhi 

4 . Delcredere commission is usually  calculated on ? 

           Ans : Total Sales

5 . Unearned income is a ?

          Ans : Liability

 6 . Quorum for special general body  meeting  ?

          Ans: 1/3 majority 

 7 . Any officer who exicute an award or  decree is called ?

           Ans : Sale officer 

 8 . The salary and allowances of co  operative Tribunal decided by ? 

          Ans : Government

 9 . The chief exicute of PACS ?

           Ans : Secretary 

10 . The structure of co operatives in Kerala  is ? 

             Ans : Federal type

11 . First society registered under the Cochin co operative society Act ? 

              Ans : Edavanakkad Service co operative society 

12. The monitory disputes shall be referred    to ? 

              Ans : Registrar 

13. Quorum for meeting of a Circle co co operative union is ? 

              Ans : 8

14. A smaller general body constituted out            of  of general body is ? 

            Ans : Representative general body

15. Registrar of diary co operative societies          in Kerala ? 

              Ans : Director of Diary Development

16. The bank draft drawn by ? 

               Ans : Bank 

17. A bill is drawn by ? 

               Ans : creditor 

18. Another name of quantitative credit                control ? 

               Ans : General credit control

19. Deligation of authority of registrar                    mentioned in ? 

         Ans : The co operative socities Act 1912 

20. Credit to an income means ? 

              Ans : Increase

21. Poor people committee organised by ? 

              Ans : Reiffesen 

22. General ledger known as ? 

               Ans : Impersonal ledger

23. A country which no co operative.                       legislation ? 

                Ans : Denmark

24. ICA ROAP inaugurated by ? 

               Ans : Jawaharlal Nehru

25. The president of school co operative                society is ? 

               Ans : Headmaster

Cash Book

• Cash book is a book of original entry 

• Cash book is a ledger and journal 

• Cash book is a Real Account

• Cash book records Cash receipts on the debit side and payment on the Credit side 

• The opening entry in the cash book appear in the debit side 

• Credit balance in cash Book means overdraft 

• A transaction recorded in the both sides of the cash book is a contra entry

• A cash book both a journal and ledger

• Credit transactions are not recorded in the cash book 

• Cash book in a non trading concern is receipt and payment account

    Types of Cash book

       1. Single column cash book

       2. Double column cash book

       3. Three column cash book

       4. Petty cash book 

1. Single column cash book 

          

Single column cash book record all                  cash transactions 

It records all cash receipts and cash payments 

Single column cash book contains only one amount column in the debit and credit side of the cash book 

Left hand side of the cash book is receipt and right side of the cash book is payment 

2 . Double column cash book 

In double column cash book there are two column on debit and credit side , one is used to record cash transactions and second is used to record bank transactions

Double column cash book known as Two column cash book

Double column cash book records cash and bank transactions

When a cheque received and not deposited in the same day the amount of the cheque is entered in the cash column

When a cheque is received and deposited to the bank on the same day the amount of the cheque is entered in the bank column on the debit side 

3. Three column cash book 

In three column cash book there are three column in debit and credit side one is used to record cash transactions and second is used to record bank transactions and three is used to record discount 

4. Petty cash book

Petty cash book is a journal

The first column in the petty cash book is receipt column 

Petty cash book records all petty expenses

The balance of petty cash book is a asset

The amount given to the petty cashier in advance means Imprest Money 

Petty cash book is usually kept under imprest system 

Mudra bank

• Micro Unit Development and Refinance Agency Bank called as MUDRA bank 

• Mudra bank was set up under the Pradhan Mantri Mudra Yojna ( PMMY ) Scheme 

• The scheme launched by The prime minister of India Narendra Modi on 8th April 2015 

• The Loans are given by the commercial banks , RRBs , Small Finance Banks , NBFC'S . 

• The banks will classify it's client into 3 catagories 

1. Shishu 
2. Kishore
3. Tarun 

• Under Shishu covers loan upto Fifty thousand Rupees 

• In Kishore covering loans above Fifty thousand upto Five lakh 

• In Tarun covering loan above Five lakhs upto Ten Lakhs