The Co-operative Societies Act, 1925 MCQs – Chapter III – Rights and Liabilities of Members

1. : Under the Co-operative Societies Act, 1925, every member of a co-operative society has:
(A) Equal rights and duties as per the by-laws of the society
(B) Rights based only on landholding size
(C) No voting rights unless approved by Registrar
(D) Rights determined only by government order

2. : Voting in a co-operative society under the Act is generally based on:
(A) Number of shares held
(B) One member, one vote principle
(C) Amount of land owned
(D) Capital investment size

3. : A minor can be admitted as a member of a co-operative society if:
(A) They are represented by a guardian and allowed under the by-laws
(B) They hold at least 10 acres of land
(C) They are over 15 years old
(D) They pay extra membership fees

4. : The liability of members in a co-operative society may be:
(A) Limited or unlimited depending on the society’s type and by-laws
(B) Always unlimited for all members
(C) Always limited to one share only
(D) Decided only by the Federal Government

5. : Can a member transfer their share or interest in a society?
(A) Yes, but only in accordance with the society’s by-laws and Registrar’s approval
(B) No, under any circumstances
(C) Yes, freely like in private companies
(D) Yes, but only to non-members

6. : A member of a co-operative society ceases to be a member if:
(A) They die, resign, or are expelled under by-laws
(B) They migrate abroad
(C) They stop paying taxes
(D) They lose a civil case

7. : A society may expel a member if:
(A) They act against the interests or by-laws of the society
(B) They contest elections
(C) They purchase land outside the area
(D) They fail to vote

8. : Members are liable for debts of the society:
(A) To the extent specified in the society’s registration (limited or unlimited liability)
(B) Always for the full amount of society’s debts
(C) Only if they are part of the management committee
(D) Not liable under any case

9. : In case of death of a member, their share or interest in the society is transferred to:
(A) The Government
(B) The society’s common fund only
(C) The nominee, heir, or legal representative as per by-laws
(D) Any other member of society chosen by Registrar

10. : Chapter III of the Co-operative Societies Act, 1925 mainly deals with:
(A) Rights, voting, membership transfer, and liabilities of members
(B) The audit system of societies
(C) Registration procedures
(D) Dissolution of societies