NATIONAL OPEN UNIVERSITY OF NIGERIA
14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS
SCHOOL OF MANAGEMENT SCIENCES
MARCH, 2014 EXAMINATION
COURSE CODE: COP 312 CREDIT UNIT: 2
COURSE TITLE: COOPERATIVE LEGISLATION
TIME ALLOWED: 2 hours
Instructions: 1. Attempt question Number one (1) and any other two (2).
2. Question number 1 is compulsory and carries 30 marks, while the other questions
carry equal marks each.
3. Present all your points in coherent and orderly manner.
1a. What is the concept of agricultural cooperative?
b. Explain the needs for agricultural co-operatives.
c. Identify the various forms of Agricultural Co-operatives.
d. Enumerate the contributions of Agricultural Co-operatives to Nigerian economic
e. What are the roles of government in co-operative development in Nigerian?
2a. Explain the concept of declaration and payment of bonuses of co-operative societies.
b. Discuss the ways net surpluses are distributed in co-operative societies.
c. What is Maintenance of Reserve Fund?
3a. Discuss the following in the management of co-operative societies:
i. Functions of the auditors.
ii. Powers of the auditors.
b. State what happens to the auditor’s report after auditing.
c. What are the duties of a cooperative society?
4a. Describe how inquiry is conducted by the commissioner.
b. How is dissolution of cooperative conducted?
5a. State the procedure for the payment of dividends and interest on shares.
b. When is a share holder not entitled for dividend?
c. Explain briefly the following: I. Relevant Account. II. Infringement of Dividend Rules.
For the 2015 – till date past questions for this course CLICK HERE
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