The Co-operative Societies Act, 1925 MCQs – Section#21 to 30

1. : Section 21 of the Co-operative Societies Act, 1925 relates to:
(A) Appeals and revisions
(B) Audit of accounts
(C) Liquidation of societies
(D) General meetings of societies

2. : According to Section 22, every society must hold:
(A) A meeting once every five years
(B) No compulsory meetings
(C) An annual general meeting within the prescribed period
(D) A meeting every month

3. : Section 23 provides that the Registrar may:
(A) Call a special general meeting of a society when necessary
(B) Dissolve a society directly
(C) Approve loan distribution
(D) Appoint managing committee members

4. : Section 24 deals with:
(A) Offences under the Act
(B) Voting rights of minors
(C) Duties of the managing committee of a society
(D) Privileges of societies

5. : Section 25 specifies that the managing committee is responsible for:
(A) Issuing government notifications
(B) Auditing its own accounts
(C) Approving legislation
(D) Carrying on the business of the society and managing its affairs

6. : Section 26 provides for:
(A) Appointment of auditors by members
(B) Settlement of election disputes
(C) Restrictions on borrowing by societies without Registrar’s approval in certain cases
(D) Transfer of member shares

7. : Section 27 deals with:
(A) Audit of accounts of societies
(B) Dissolution of societies
(C) Rights of minors
(D) Appeals and revisions

8. : Under Section 28, audit of every society must be carried out:
(A) By local political representatives
(B) By any private auditor chosen by members
(C) By the Registrar or a person authorized by him
(D) By the Federal Board of Revenue

9. : Section 29 empowers the Registrar to:
(A) Elect committee members
(B) Dissolve societies without notice
(C) Fix share values
(D) Inspect the books of any registered society

10. : Section 30 provides that the Registrar or authorized person may:
(A) Approve transfer of property
(B) Enforce liquidation directly
(C) Hold an inquiry into the constitution, working, and financial condition of a society
(D) Appoint members of the managing committee