Co-operative Management and Administration MCQs and Notes

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📊 Co-operative Management and Administration
Q. When heavy expenditure is incurred and the benefits of which extend to periods beyond the date of the balance sheet, such expenditure should be equitably spread over the period during which the benefits of such expenditure would be available and are known as ………………….
  • (A) prepaid expenses
  • (B) interest receivable
  • (C) deferred revenue expenditure
  • (D) outstanding expenses
💬 Discuss
✅ Correct Answer: (C) deferred revenue expenditure
📊 Co-operative Management and Administration
Q. Interest accrued up to the date of balance sheet are known as ………………..
  • (A) prepaid expenses
  • (B) interest receivable
  • (C) deferred revenue expenditure
  • (D) outstanding expenses
💬 Discuss
✅ Correct Answer: (B) interest receivable
📊 Co-operative Management and Administration
Q. Expenses incurred but not paid, are called………….
  • (A) prepaid expenses
  • (B) interest receivable
  • (C) deferred revenue expenditure
  • (D) outstanding expenses
💬 Discuss
✅ Correct Answer: (D) outstanding expenses
📊 Co-operative Management and Administration
Q. ………………are the expenses paid on account of rent, rates and taxes, insurance premiums, subscriptions membership fee etc. for periods that extent beyond the date of the balance sheet.
  • (A) prepaid expenses
  • (B) interest receivable
  • (C) deferred revenue expenditure
  • (D) outstanding expenses
💬 Discuss
✅ Correct Answer: (A) prepaid expenses
📊 Co-operative Management and Administration
Q. Interest earned, Miscellaneous income, Commission, Profit in non-credit businessare shown on the credit side of ………
  • (A) profit and loss account
  • (B) trading account
  • (C) manufacturing account
  • (D) balance sheet
💬 Discuss
✅ Correct Answer: (A) profit and loss account
📊 Co-operative Management and Administration
Q. The name of the magazine published by …………………is “The Cooperative Journal”
  • (A) kerala state cooperative union
  • (B) national council for cooperative training
  • (C) national council for education
  • (D) national cooperative union of india
💬 Discuss
✅ Correct Answer: (D) national cooperative union of india
📊 Co-operative Management and Administration
Q. National Cooperative Union of India is publishing two monthly magazines by name ………………………..
  • (A) “the cooperator” and “the indian cooperative review”
  • (B) “the indian cooperative review” and the cooperative journal”
  • (C) “the cooperator” and the cooperative journal”
  • (D) “the indian national cooperative review” and the national cooperative journal”
💬 Discuss
✅ Correct Answer: (A) “the cooperator” and “the indian cooperative review”
📊 Co-operative Management and Administration
Q. The name of the magazine published by Kerala State Cooperative Union is……………….
  • (A) “the cooperative journal”
  • (B) “the cooperator”
  • (C) “the indian cooperative review”.
  • (D) all the above.
💬 Discuss
✅ Correct Answer: (A) “the cooperative journal”
📊 Co-operative Management and Administration
Q. What is NCUI to India is the ……………………….. to Kerala.
  • (A) kerala state cooperative union
  • (B) national council for cooperative training
  • (C) national council for education
  • (D) national cooperative union of india
💬 Discuss
✅ Correct Answer: (A) kerala state cooperative union

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