CRD124 e-exam (2019)

Question FBQ1 : Voluntarism is the main tenet of modern acts of __________
Answer:  Co-operation
Question FBQ2 : Reserves are available on secured short – term basis. TRUE OR FALSE
Answer: False
Question FBQ3 : Self-help organizations refer to the traditional _______ institutions, which exist in every community.
Answer: co-operative
Question FBQ4 : Borrowed capital does not bear risk. True or False
Answer: True
Question FBQ5 : The co- operatives are owned by___________
Answer: Members
Question FBQ6 : Members constitute the _________ assembly
Answer: general
Question FBQ7 : The cooperative management triangle shows the members as constituting the _________ of the management team.
Answer: Base
Question FBQ8 : Essentialist attempts to define co-operatives in terms of values, ideologies and overall _________ and social goals
Answer: Economic
Question FBQ9 : Members of cooperatives have no rights and privileges in taking an active part in the management of the cooperative. TRUE OR FALSE
Answer: FALSE
Question FBQ10 : Reserve funds are for ___________circumstances
Answer: contingencies
Question FBQ11 : _________organizations are also referred to as Traditional cooperatives institutions
Answer: Self- help
Question FBQ12 : Operating capital is needed for __________ uses to keep the business going
Answer: Everyday
Question FBQ13 : Norminalist approach to cooperative definition attempts to select ______ elements of organization present to all institutions
Answer: Structural
Question FBQ14 : The treasurer is a signatory to society’s account. TRUE OR FALSE
Answer: TRUE
Question FBQ15 : Co-operatives business is controlled by _______ themselves through one (1) man, one vote
Answer: Members
Question FBQ16 : ___________ manages the day to day activities of the secretariat
Answer: Secretary
Question FBQ17 : Members are responsible for creating cooperative department. TRUE OR FALSE
Answer: False
Question FBQ18 : Sole proprietorship is a _____________ man business
Answer: One
Question FBQ19 : Government can give out loans to Co-operative
Answer: TRUE
Question FBQ20 : In _____________ business the success and failure of the business are squarely on one person shoulder
Answer: Sole-proprietorship
Question FBQ21 : The legislative role of Co-operative affairs is the responsibility of
Answer: Government
Question FBQ22 : At least two persons must come together to establish _____________ business
Answer: Partnership
Question FBQ23 : <span style="color:#333333">External pressure can NOT influence people to join a cooperative society. True or false
Answer: False
Question FBQ24 : Most ____________ company started as a family business
Answer: Private limited
Question FBQ25 : ____________ is the capital raised from the other resources
Answer: Borrowed capital
Question FBQ26 : ____________are big organizations whose shares are publicly quoted in the Nigeria Stock Exchange.
Answer: Public limited company
Question FBQ27 : Apex are functionally specialized ______________ Cooperative
Answer: National
Question FBQ28 : _____________are organizations usually established by Government through Act of parliament and similarly authority
Answer: Public corporation
Question FBQ29 : There are __________ types of cooperatives based on function performed
Answer: Two
Question FBQ30 : Sedentary lifestyle is characterized by ______________ abode in specific settlements
Answer: fixed
Question FBQ31 : Public corporations organizations are usually formed because ________________ individuals may not be able to finance them
Answer: private
Question FBQ32 : Auxillary cooperatives take over only some functions such as the supply of goods, loans and ______________
Answer: Credit
Question FBQ33 : In subsistence economy the output of business enterprises is mainly for domestic ______________
Answer: Consumption
Question FBQ34 : Determining the Cooperatives effect demands a consideration of at least _______________business periods
Answer: Two
Question FBQ35 : Cooperatives can be classified into ---------------- and -------------- based on legal status
Answer: Registered and unregistered
Question FBQ36 : Unregistered co-operatives which are co- operatives that have not been fully registered and _______________
Answer: Operating
Question FBQ37 : A rural Co-operatives, which operates in an ____________area
Answer: rural
Question FBQ38 : Cooperative effect is positive when the total level of satisfaction after becoming a Cooperator is ______________ than the total level of satisfaction before becoming a member of the Co-operatives.
Answer: Higher
Question FBQ39 : Primary cooperatives are sometimes called _____________ cooperatives
Answer: local
Question FBQ40 : Secondary cooperatives are mostly formed by a number of _____________ Co-operatives
Answer: primary
Question FBQ41 : Government intervention in cooperatives may have both -------------- and ------------- consequences
Answer: Positive and negative
Question FBQ42 : Secondary cooperatives are sometimes called ______________ Co-operatives
Answer: Regional
Question FBQ43 : ______________ enlightenment is an example of educational effect
Answer: Member
Question FBQ44 : _____________are co-operatives occupying the first layer
Answer: primary
Question FBQ45 : _______________ reasons constitute the major motive why people join or form Cooperative
Answer: Economic
Question FBQ46 : There are ____________ types of cooperative effect
Answer: Eight
Question FBQ47 : Placing the co-operatives society and its interests over and above that of the individuals that make up the co-operatives is called _____________
Answer: Cooperative spirit
Question FBQ48 : Co-operatives ____________ is a result of inner conviction
Answer: Spirit
Question FBQ49 : Tertiary cooperatives are sometimes they are called ___________ Co-operatives
Answer: National
Question FBQ50 :  A _____________ can be referred to as any coming together of primary co-operatives to form another common body
Answer: Secondary
Question MCQ1 : Working type of capital that is _______ in the actual operation of the Co- operatives
Answer: Consumed
Question MCQ2 : ________ takes minutes at all meetings
Answer: Nexus
Question MCQ3 : Co-operatives ____________ is a result of inner conviction
Answer: Short
Question MCQ4 : Primary cooperatives are mostly formed by a number of ______ Co-operatives
Answer: Secondary
Question MCQ5 : _________is capital raised outside the Co-operative
Answer: borrowed
Question MCQ6 : Determining the Cooperatives effect demands a consideration of at least ______ business periods
Answer: Two (2)
Question MCQ7 : An urban Co-operatives, which operates in an ______area
Answer: urban
Question MCQ8 : ________ reserves are created irrespective of members’ feelings
Answer: Statutory
Question MCQ9 : Primary cooperatives are sometimes called local cooperatives or _________
Answer: Apex
Question MCQ10 : Cooperative spirit emphasizes the supremacy of the ________ over everything else
Answer: Cooperatives
Question MCQ11 : Cooperative nexus is the relationship between a_________ as a business entity and members’ private business enterprise or household economy
Answer: Co-operatives organization
Question MCQ12 : _________is the main tenet of modern acts of cooperation
Answer: Voluntarism
Question MCQ13 : _______ is a signatory to the Society’s accounts
Answer: President
Question MCQ14 : ____________ effect occurs when the total of satisfaction before becoming a member of the Co-operative is lower than the total level of satisfaction after becoming a member
Answer: positive
Question MCQ15 : Tertiary cooperatives are sometimes called ______ Co-operatives
Answer: National
Question MCQ16 : ­­­­­­­­­­­­­­­­­________is a one man business
Answer: Sole proprietorship
Question MCQ17 : Treasurer is in charge of all ________ received by the society from members and other sources.
Answer: Money
Question MCQ18 : __________are also known as traditional co-operative institutions
Answer: Self- help organization
Question MCQ19 : Tertiary are formed mostly by _______ Co-operatives
Answer: Secondary
Question MCQ20 : ___________ is a long term capital
Answer: Fixed
Question MCQ21 : _________ are also known as the General Assembly of the co-operative
Answer: Members
Question MCQ22 : <p style="text-align:justify">Nomadic  is characterized by constant ________ of family, homestead and economy of the producer
Answer: movement
Question MCQ23 : Integrated is the type of co-operatives where the members have decided to leave _______ aspects of decision making to management
Answer: All
Question MCQ24 : Partnership  is an improvement on the ________________
Answer: Sole proprietorship
Question MCQ25 : Those  items that often ________ in the service of the Co-operative over a long period of time are called fixed capital
Answer: Remain
Question MCQ26 : Through the directive of the __________,secretary summons all meetings
Answer: President
Question MCQ27 : _________ reserves  are regulated by members taking into consideration their needs and circumstances
Answer: Voluntary
Question MCQ28 : Auxiliary cooperative is sometimes referred to as ___________
Answer: Service
Question MCQ29 : ___________ cooperatives are sometimes called regional Co-operatives
Answer: Secondary
Question MCQ30 : A co-operative society is the following except
Answer: Unlimited returns on equity capital.
Question MCQ31 : _______ is a common business objective
Answer: To make profit
Question MCQ32 : Co-operatives are  _________
Answer: Controlled democratically
Question MCQ33 : Sponsor share is_________ person participation
Answer: Third
Question MCQ34 : The ________ are owned by members
Answer: co-operatives
Question MCQ35 : In the _____________ type of business risks are not shared
Answer: Sole proprietorship
Question MCQ36 : Share capital is the money contributed by _____
Answer: members
Question MCQ37 : __________________ funds are for contingencies or unforeseen circumstances
Answer: Reserve
Question MCQ38 : Working  capital is also called ___________
Answer: Operating
Question MCQ39 : The output of __________business enterprise is mainly for export purposes
Answer: Cash crop
Question MCQ40 : The cooperative management ______ shows the members as constituting the base or the foundation of the management team.
Answer: Triangle
Question MCQ41 : There are__________ kinds of cooperative effects
Answer: Eight (8)
Question MCQ42 : Co-operatives with ___________in which case the liability of the member is not limited to any specific amount and each member can be held for all the outstanding debts of the society.
Answer: unlimited liability
Question MCQ43 : _________are organizations usually established by Government through Act of parliament and similarly authority
Answer: Public corporation
Question MCQ44 : In _________ economy the attitude of the prospective members of the Co-operatives is in the market
Answer: Market
Question MCQ45 : ____________ is needed for everyday uses to keep the business going
Answer: Operating
Question MCQ46 : The most important role of __________ in Co-operative affairs is Legislative role
Answer: Government
Question MCQ47 : ___________ manages the day to day activities of the secretariat
Answer: Secretary
Question MCQ48 : ___________ cooperatives are producers of goods and/or services
Answer: producer
Question MCQ49 : __________ are Co-operatives in the service sector
Answer: Service
Question MCQ50 : In cooperative, shareholding is to ________ person
Answer: One (1)
FBQ1: ________ lifestyle is characterized by constant movement of family, homestead and economy of the producer
Answer: Nomadic
FBQ2: The president is NOT a signatory to society’s account. TRUE OR FALSE 
Answer: FALSE
FBQ3: Members of cooperatives are not involved in the management of the cooperative. TRUE OR FALSE
Answer: False
FBQ4: Co-operatives ____________ is a result of inner conviction
Answer: Spirit
FBQ5: There are ______ types of price effect
Answer: Two
FBQ6: Determining the Cooperatives ________demands a consideration of at least two business periods
Answer: Effect
FBQ7: A rural co-operative operates in a ______area
Answer: rural
FBQ8: Members are responsible for creating cooperative department. TRUE OR FALSE
Answer: False
FBQ9: __________________ funds are for contingencies or unforeseen circumstances
Answer: Reserve funds
FBQ10: _________ are big organizations whose shares are publicly quoted in the Nigeria Stock Exchange
Answer: Public limited companies
FBQ11: _______ is functionally a regional cooperative
Answer: Secondary cooperative
FBQ12: The cooperative management ______ shows the members as constituting the base or the foundation of the management team.
Answer: Triangle
FBQ13: Co-operatives with ___________in which case the liability of the member is not limited to any specific amount and each member can be held for all the outstanding debts of the society.
Answer: unlimited liability
FBQ14: Reserves are for short-term basis. TRUE OR FALSE
Answer: False
FBQ15: Cooperative effect is ______when the total level of satisfaction after becoming a Cooperator is higher than the total level of satisfaction before becoming a member of the Co-operatives.
Answer: Positive
FBQ16: In _________ economy the attitude of the prospective members of the Co-operatives is in the market
Answer: Market
FBQ17: External pressure has no influence people to join a cooperative society. True or false
Answer: False
FBQ18: Government can give out loans to Co-operative TRUE OR FALSE?
Answer: FALSE
FBQ19: ____________ is needed for everyday uses to keep the business going
Answer: Operating
FBQ20: Once a Society has been registered under the law, it has CANNOT sue and be sued. TRUE OR FALSE
Answer: False
FBQ21: The most important role of __________ in Co-operative affairs is Legislative role
Answer: Government
FBQ22: ___________ manages the day to day activities of the secretariat
Answer: Secretary
FBQ23: All transactions of the Co-operatives do NOT need to be recorded in the books of account. TRUE OR FALSE
Answer: False
FBQ24: _____________ signs cash book and when asked to do so, produces the cash balance
Answer: Treasurer
FBQ25: The ___________________represents the Society at all meetings both within and outside the country.
Answer: President
FBQ26: ___________ cooperatives are producers of goods and/or services
Answer: Producer
FBQ27: __________ are Co-operatives in the service sector
Answer: Service
FBQ28: __________ is a result of joint action by a number of independent primaries and/ or secondaries and/or tertiaries
Answer: Federation
FBQ29: In cooperative, shareholding is to ________ person
Answer: One
FBQ30: ____________cooperatives are smallest individuals units in the set up they cover limited area of operation
Answer: Primary
FBQ31: __________________  are societies usually formed by fishermen
Answer: Fishermen Co-operative Society
FBQ32: Co-operatives with liability limited by ______, is when the joint liability of the member in the event of liquidation is limited to the value of shares held by the member
Answer: Shares
FBQ33: Union Bank of Nigeria Plc is an example of _________
Answer: Public limited companies
FBQ34: ________ is the type of co-operatives where the members have decided to leave all aspects of decision making to management
Answer: Integrated
FBQ35: Owned capital is different from borrowed capital because it is obtained from __________
Answer: Inside the cooperative
MCQ1: There are ________ types of reserve funds
Answer:  Two (2)
MCQ2: ________ takes minutes at all meetings
Answer: Secretary
MCQ3: _____are funds that are created  as a form of security against any unforeseen circumstance
Answer: Reserves
MCQ4: Voting in cooperative is based upon
Answer: membership
MCQ5: ________ reasons constitute the major motive why people join or form Cooperative
Answer: Economic
MCQ6: Some of the common problems faced by agricultural cooperatives in developing countries include the following except
Answer: poor management
MCQ7: A true cooperative is one that
Answer:  provides service at cost.
MCQ8: _______ of the board are called the Co-operative
Answer: Officers
MCQ9: A ________purpose Co-operative is the one that has more than one field of activity
Answer: Multi
MCQ10: ____________ emphasizes the supremacy of the Co-operatives over everything else
Answer: Cooperative spirit
MCQ11: _________is the relationship between a Co-operatives organization as a business entity and members’ private business enterprise or household economy
Answer: Cooperative nexus
MCQ12: ____________ is the degree of extra satisfaction, which a member derives as a result of participating or being a member of the Co-operatives compared to being a non – member
Answer: Cooperative effect
MCQ13: _______ is a signatory to the Society’s accounts
Answer: President
MCQ14: ____________ effect occurs when the total of satisfaction before becoming a member of the Co-operative is higher than the total level of satisfaction after becoming a member
Answer: Negative
MCQ15: _________cooperatives are sometimes they are called National Co-operatives
Answer: Tertiary
MCQ16: ­­­­­­­­­­­­­­­­­________are big organizations whose shares are publicly quoted in the Nigeria Stock Exchange.
Answer: Public limited company
MCQ17: _________ is in charge of all money received by the society from members and other sources.
Answer: treasurer
MCQ18: Different levels of economic development take _______ extreme forms
Answer: Two (2)
MCQ19: ______ are formed mostly by primary Co-operatives
Answer: Secondary
MCQ20: __________are the life-wire of a Co-operative organization
Answer: Byelaws
MCQ21: Members are also known as the_________ of the co-operative
Answer: General Assembly
MCQ22: ________ is characterized by constant movement of family, homestead and economy of the producer
Answer: Nomadic
MCQ23: ________ is the type of co-operatives where the members have decided to leave all aspects of decision making to management
Answer: Integrated
MCQ24: ___________ is a feature of a cooperative
Answer: Voluntary and open membership
MCQ25: Those  items that often remain in the service of the Co-operative over a long period of time are called ____________ capital
Answer: fixed
MCQ26: Through the directive of the president, ____summons all meetings
Answer: Secretary
MCQ27: _________ reserves  are regulated by members taking into consideration their needs and circumstances
Answer:  Voluntary
MCQ28: ______ type of capital that is not consumed in the actual operation of the co-operatives
Answer: Fixed
MCQ29: Secondary cooperatives are sometimes called _______ Co-operatives
Answer: regional
MCQ30: There are  ______ types of producer cooperatives
Answer: Two (2)
MCQ31: The following are common business objectives except_______
Answer: To embezzle funds
MCQ32: Co-operatives are not _________
Answer: trade unions
MCQ33: Democratic control of cooperative is controlled by members themselves through one (1) man, ____ vote
Answer: One (1)
MCQ34: The ______ needs constitute those unfilled desires that lend to drive people into the brink of despair and hopelessness
Answer: Felt
MCQ35: In the _____________ type of business risks are not shared
Answer: Sole proprietorship

JOIN OUR TELEGRAM ON VIP NOUN UPDATES – FOR  MORE PAST QUESTIONS AND EXAMS SUMMARIES

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: