Q1. Which of the following is not a valid reason for supersession or suspension of a co-operative society board?
- Persistent default
- Committing acts prejudicial to the society
- Failure to register by-laws
- Negligence in performance of duties
Correct Option: 3. Failure to register by-laws.
Explanation: Failure to register by-laws is not listed as a valid reason for suspension or supersession. Valid grounds include persistent default, negligence, and prejudicial actions (Article 243ZL).
Q2. What is the maximum period for which a co-operative society board can be kept under suspension or supersession?
- 3 months
- 6 months
- 1 year
- Indefinitely
Correct Option: 2. 6 months.
Explanation: The Constitution allows a board to be suspended or superseded for a maximum of 6 months, ensuring democratic restoration via elections (Article 243ZL).
Q3. Who appoints the auditor to audit a co-operative society’s accounts?
- Registrar of Co-operative Societies
- State Audit Board
- State Government
- General Body of the Co-operative Society
Correct Option: 4. General Body of the Co-operative Society.
Explanation: The general body appoints the auditor, but from a panel approved by the State Government or a designated authority (Article 243ZM).
Q4. Which article mandates co-operative societies to file annual returns within six months of the financial year end?
- Article 243ZO
- Article 243ZK
- Article 243ZM
- Article 243ZP
Correct Option: 4. Article 243ZP.
Explanation: Article 243ZP requires co-operative societies to file annual returns covering reports, financial statements, surplus plans, election details, etc., within six months of the fiscal year’s close.
Q5. According to the 97th Amendment, which of the following is considered an offence for co-operative societies?
- Not attending general body meetings
- Furnishing false information or returns
- Delay in surplus allocation
- Having more than 21 board members
Correct Option: 2. Furnishing false information or returns.
Explanation: Offences include wilful false returns, disobeying lawful summons, and corrupt practices in elections. (Article 243ZQ)