The Co-operative Societies Act, 1925 MCQs – Section#41 to 55

1. : Section 41 of the Co-operative Societies Act, 1925 provides for:
(A) Offences and penalties for contravention of the Act or rules
(B) Privileges of societies
(C) Duties of the Registrar
(D) Liquidation of societies

2. : Section 42 empowers the Provincial Government to:
(A) Make rules to carry out the purposes of the Act
(B) Cancel the registration of societies directly
(C) Appoint liquidators
(D) Approve transfer of shares

3. : Section 43 states that no suit shall lie against:
(A) The Registrar or any officer acting in good faith under the Act
(B) A society member for mismanagement
(C) Any person borrowing from the society
(D) A liquidator for negligence

4. : Section 44 restricts the use of the word “co-operative” to:
(A) Registered societies only
(B) Private banks
(C) All trade unions
(D) Political organizations

5. : Section 45 gives the Registrar power to:
(A) Decide any doubt regarding whether a society is a co-operative society under the Act
(B) Fix the number of committee members
(C) Conduct national audits
(D) Dissolve political associations

6. : Section 46 relates to:
(A) Exemptions granted by the Provincial Government to any society or class of societies
(B) Voting rights of minors
(C) Borrowing restrictions of societies
(D) Transfer of property

7. : Section 47 provides that any society registered under previous laws:
(A) Shall be deemed registered under this Act
(B) Must be dissolved automatically
(C) Needs to apply again for recognition
(D) Loses all legal privileges

8. : Section 48 deals with:
(A) Continuation of rules, orders, and appointments made under previous laws
(B) Dissolution of all societies formed before 1925
(C) Settlement of disputes only in courts
(D) Appointment of auditors by societies themselves

9. : Section 49 specifies that rules made under the Act must be:
(A) Published in the official Gazette
(B) Kept secret from members
(C) Approved by Federal Parliament
(D) Issued only through Registrar’s circulars

10. : Section 55 of the Act deals with:
(A) Repeal of previous enactments relating to co-operative societies
(B) Privileges of societies
(C) Liability of past members
(D) Annual general meetings