1. Which legislation laid the foundation for the cooperative movement in British India?
(A) Indian Companies Act, 1882
(B) Cooperative Credit Societies Act, 1904
(C) Banking Regulation Act, 1949
(D) Trade Union Act, 1926
2. The Cooperative Societies Act of 1912 allowed the registration of:
(A) Only credit societies
(B) Only industrial cooperatives
(C) All types of cooperative societies
(D) Only urban cooperatives
3. In Pakistan, which authority is responsible for registering and regulating cooperatives?
(A) State Bank of Pakistan
(B) SECP
(C) Registrar of Cooperative Societies
(D) Ministry of Industries
4. Under which constitutional amendment were cooperatives moved to the State List in India, giving more powers to states?
(A) 42nd Amendment
(B) 73rd Amendment
(C) 97th Amendment
(D) 44th Amendment
5. The legal framework of cooperatives in Pakistan is primarily governed by:
(A) Cooperative Societies Ordinance, 1960
(B) Cooperative Code of Pakistan, 1970
(C) Pakistan Companies Act, 1984
(D) Civil Law Act, 1956
6. Which international organization promotes cooperative values and has influenced cooperative laws worldwide?
(A) IMF
(B) ILO
(C) World Trade Organization
(D) International Cooperative Alliance (ICA)
7. The main purpose of cooperative law is to:
(A) Encourage individual business growth
(B) Regulate private corporations
(C) Facilitate collective ownership and democratic control
(D) Promote foreign investment
8. Which of the following is not typically covered under cooperative legal frameworks?
(A) Membership rights
(B) Share capital
(C) Profit-sharing ratio for investors
(D) Election of board members
9. The ICA’s revised Statement on the Cooperative Identity (1995) includes:
(A) Legal definitions for cooperatives
(B) Seven principles and cooperative values
(C) Constitution for global cooperatives
(D) Business models for cooperatives
10. A cooperative society is best described legally as a:
(A) Non-profit NGO
(B) Partnership firm
(C) Voluntary association with legal identity
(D) Branch of a government department