Definition and Principles of Cooperatives (ICA principles) MCQs

10 Score: 0 Attempted: 0/10 Subscribe

1. . According to the International Cooperative Alliance (ICA), a cooperative is defined as:
(A) A business owned and managed by its shareholders for profit
(B) An organization formed by workers to demand higher wages
(C) A voluntary association of persons who pool their resources to meet common needs
(D) A non-profit government organization providing aid to communities

2. . Which of the following is NOT one of the seven cooperative principles established by the ICA?
(A) Voluntary and open membership
(B) Democratic member control
(C) Profit maximization
(D) Concern for community

3. . According to ICA principles, the cooperative’s primary concern is:
(A) Profit-making for its shareholders
(B) Providing goods and services at market prices
(C) Promoting the economic and social welfare of its members and the community
(D) Achieving financial dominance in its sector

4. . The ICA principle of “Democratic Member Control” states that:
(A) The cooperative should be run by a board of directors without member input
(B) Each member has one vote, and members participate in decision-making processes
(C) Only those who invest the most capital have voting power
(D) A government body should oversee the cooperative’s decisions

5. . The principle of “Autonomy and Independence” means that cooperatives should:
(A) Be completely self-sufficient with no external help
(B) Allow external investors to control decision-making processes
(C) Be autonomous organizations controlled by their members and free from external control
(D) Seek funding from government sources only

6. . According to the ICA, the principle of “Member Economic Participation” means that:
(A) Members should contribute equally to the capital of the cooperative and receive benefits based on their contributions
(B) Only wealthy members should participate financially
(C) Members do not need to contribute capital to the cooperative
(D) The profits should be distributed only to external shareholders

7. . The “Concern for Community” principle emphasizes that cooperatives should:
(A) Operate only for the benefit of their members
(B) Focus only on achieving financial growth
(C) Work for the sustainable development of their communities and society
(D) Prioritize large-scale industrial projects over local initiatives

8. . The principle of “Education, Training, and Information” promotes:
(A) Teaching members how to maximize their personal profits
(B) Educating the public about the importance of private business ownership
(C) Providing members, elected representatives, managers, and employees with the education and training needed to effectively contribute to the cooperative’s success
(D) Promoting government policies to replace cooperatives with corporate enterprises

9. . The principle of “Cooperation among Cooperatives” encourages:
(A) Cooperatives to compete aggressively with each other for market share
(B) Cooperation among cooperatives at the local, regional, national, and international levels to strengthen the movement
(C) The formation of alliances with large corporations to increase profits
(D) Encouraging members to withdraw from cooperatives in favor of individual ventures

10. . The principle of “Voluntary and Open Membership” ensures that:
(A) Membership in a cooperative is restricted based on financial contribution
(B) Membership is open to all persons who are willing to accept the responsibilities of membership, without discrimination
(C) Only the wealthiest individuals can become members
(D) Membership is granted based on the number of votes an individual holds

Module 1: Introduction to Cooperatives MCQs

Definition and Principles of Cooperatives (ICA principles) MCQs
Types of Cooperatives: Agricultural, Consumer, Credit, Housing, Marketing, Industrial MCQs
Objectives and Functions of Cooperatives MCQs

Module 2: History of the Cooperative Movement MCQs

Origin of the Cooperative Movement (Globally and in British India) MCQs
Rochdale Pioneers and Early Models MCQs
Cooperative Movement in British India and Post-Partition Pakistan MCQs

Module 3: Legal Framework MCQs

Cooperative Societies Act (1925) MCQs
Provincial Cooperative Laws and Acts MCQs
Registration, Regulation, and Supervision of Cooperatives in Pakistan MCQs

Module 4: Cooperative Movement in Pakistan MCQs – A Historical Overview

Early Development (1947–1970) MCQs
Nationalization Era and its Impact (1970s) MCQs
Revival and Policy Shifts (1980s–2000s) MCQs
Modern-Day Cooperative Trends (2000–present) MCQs

Module 5: Structure and Organization of Cooperatives MCQs

Governance and Management of Cooperatives MCQs
Membership and Voting Rights MCQs
Sources of Capital and Financing MCQs
Auditing and Accountability in Cooperatives MCQs

Module 6: Sector-wise Analysis of Cooperatives in Pakistan MCQs

Agricultural Cooperatives MCQs
Credit and Saving Cooperatives (Cooperative Banks) MCQs
Industrial and Artisan Cooperatives MCQs
Women and Youth Cooperatives MCQs
Housing and Urban Cooperatives MCQs

Module 7: Role of Cooperatives in Rural Development MCQs

Poverty Alleviation MCQs
Employment Generation MCQs
Access to Credit and Resources MCQs
Women Empowerment MCQs

Module 8: Challenges Facing Cooperatives Today MCQs

Corruption and Mismanagement MCQs
Political Interference MCQs
Lack of Awareness and Education MCQs
Inadequate Policy Support MCQs

Module 9: Case Studies and Field Reports MCQs

Successful Cooperative Models in Pakistan MCQs
Comparative Case Studies (India, Bangladesh, etc.) MCQs
Student Field Visit Report / Research Assignment MCQs

Module 10: Future of Cooperatives in Pakistan MCQs

Policy Recommendations MCQs
Digitalization and Modernization MCQs
Integration with Microfinance and SMEs MCQs
Sustainable Development and Cooperatives MCQs