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PPSC Inspector Cooperative Societies 2015 Solved Past Paper

PPSC Inspector Cooperative Societies 2015 Solved Past Paper
PUNJAB PUBLIC SERVICE COMMISSION (PPSC) WRITTEN EXAMINATION FOR RECRUITMENT TO THE POST OF  INSPECTOR COOPERATIVE SOCIETIES IN THE PUNJAB COOPERATIVES DEPARTMENT -2015

1. Which one is a real account?
(A) Cash account
(B) Rent expenses account
(C) Insurance account
(D) Income account ✓

2. Assets are
(A) Credited
(B) Debited ✓
(C) Both of them
(D) Assets are not recorded in accounts

3. Accounting relates to jobs:
(A) Auditing
(B) Book keeping and auditing
(C) Book keeping and consulting
(D) All of them ✓

4. Book keeping means______:
(A) The process of recording data related to accounting transactions in accounting books ✓
(B) Keeping basic record of business transactions
(C) Providing the records to the audit teams
(D) All of them

5. The process of recording is done
(A) Frequently ✓
(B) Twice a year
(C) Once a year
(D) None of them

6. The most liquid assets are:
(A) Cash ✓
(B) Cheques
(C) Debit card
(D) None of them

7. Cash book is prepared by:
(A) Accountant of business
(B) Banks
(C) Cash Manager ✓
(D) General Manager

8. Cash book records
(A) Cash payments
(B) Cash receipts
(C) Both of them ✓
(D) None of them

9. Petty cash funds are refilled:
(A) Every year
(B) Every 6 months
(C) Daily ✓
(D) At the end of accounting period

10. Which one is not the nominal account?
(A) Machinery
(B) Capital ✓
(C) Sales
(D) Insurance

11 Which of the followings is not an asset?
(A) Money owed by us to a supplier
(B) Money owed to us by customers ✓
(C) Cash in hand
(D) Cash in a bank account

12. Cooperatives are classified as
(A) Purchasers
(B) Consumers
(C) Producers
(D) All of them ✓

13. A cooperative society works on the principles of ________and ________:
(A) Self-help & mutual help ✓
(B) Own motives & own profits
(C) Others loss & own profit
(D) None of them

14. The first Article of the Bylaws of a Cooperative Society is ________
(A) Name, Address & Jurisdiction ✓
(B) Name of co-operators
(C) Activities of the cooperative society
(D) None of them

15. Cooperative societies are based on the values of ________
(A) Democracy & equality
(B) Equity & solidarity
(C) Self help & self responsibility
(D) All of them ✓

16. The motive of a cooperative society is
(A) Providing service ✓
(B) Providing loans
(C) Earning profit
(D) All of them

17. Cooperatives are a separate ________:
(A) Legal entity ✓
(B) Illegal entity
(C) Marketing entity
(D) None of them

18. According to the Cooperatives Act of 1925, a producers' cooperative can be formed with ___ members:
(A) 10
(B) 20
(C) 30 ✓
(D) 40

19. The Father of Cooperative Movement is
(A) George Galloway
(B) Michael Burton
(C) John Struass
(D) Robert Owen ✓

20. The Federal Bank for Cooperatives was established in ________:
(A) 1972
(B) 1976
(C) 1977
(D) 1978 ✓

21. Consumers' cooperatives help eliminate the role of ________:
(A) Banks
(B) Middlemen ✓
(C) Markets
(D) None of them

22. Agricultural cooperative society can be formed by a minimum of ________members:
(A) 30 ✓
(B) 35
(C) 40
(D) 45

23. Cooperative society's registration requirements are ________
(A) Names of all the members
(B) By laws of the society
(C) Application with signatures of all the members
(D) Ail of them ✓

24. A Cooperative Society can be formed under the  ________
(A) Operative Societies Act 1912
(B) Cooperative Societies Act 1925 ✓
(C) Cooperative Societies Act 1905
(D) Cooperative Societies Act 1944

25. The Cooperative Movement first started from
(A) Germany
(B) England ✓
(C) USA
(D) France

26. The Cooperative Movement started in
(A) 19th century
(B) 18th century
(C) 17th century
(D) 19th century ✓

27. Who was the founder of Cooperative Movement in Sub-continent ________:
(A) Lord Curzon ✓
(B) Lord Reading
(C) Lord William
(D) Lord Byron

28. The term cooperation is derived from
(A) Cooperati
(B) Cooperari ✓
(C) Cotoperan
(D) None of them

29. Rovert Owen belonged to  ________:
(A) Wales (England) ✓
(B) USA
(C) Russia
(D) France

30. The Cooperative Societies Reforms Older was issued in ________
(A) 1970
(B) 1972 ✓
(C) 1974
(D) 1976

31. The co-operator newspaper was establishes in ________:
(A) 1821
(B) 1825
(C) 1828 ✓
(D) 1830

32. Cooperative Societies Department's head is
(A) Manager Cooperative Bank
(B) Registrar Cooperative Society ✓
(C) Principal Cooperative College
(D) None of them

33. Inspector, cooperative societies works under the supervision of ________:
(A) Assistant Registrar, Cooperatives ✓
(B) Manager Cooperative Bank
(C) Principal, Cooperative College
(D) None of them

34. Cooperative Societies Department in Punjab was established in ________:
(A) 1904
(B) 1906
(C) 1910 ✓
(D) 1825

35. Cooperative societies function according to  ________principles.
(A) 4
(B) 7 ✓
(C) 6
(D) 9

36. The membership of a cooperative society known as ________
(A) Voluntary membership ✓
(B) Political membership
(C) Forced membership
(D) None of them

37. In agriculture, the cooperative societies may be of ________types:
(A) 4
(B) 1
(C) 3
(D) 6 ✓

38. Small producers who face difficulties in selling their produce form ________cooperatives:
(A) Marketing cooperatives ✓
(B) Input cooperatives
(C) Housing cooperatives
(D) Credit union

39. Which of the following statements is true about cooperatives?
(A) The members have unlimited liabilities
(B) Government encourages the formation of cooperative societies ✓
(C) A cooperative society is managed by a single person
(D) All of them

40. The goal of cooperative societies is to provide
(A) Services
(B) Profit maximization
(C) Loss minimization
(D) All of them ✓

41. Pakistan inherited the cooperative philosophy through the idea of tackling rural indebtedness which was related to ________
(A) Credit supply ✓
(B) Food supply
(C) Input supply
(D) None of them

42. The internal audit report of a cooperative society is presented to ________
(A) Federal government
(B) Registrar of the cooperative societies ✓
(C) Provincial government
(D) None of them

43. The Cooperative Training College was established at ________:
(A) Faisalabad ✓
(B) Lahore
(C) Karachi
(D) Peshawar

44. The Cooperative Training College was established in ________
(A) 1955
(B) 1960 ✓
(C) 1906
(D) 1950

45. The Cooperative Regional Training institute was established at  ________
(A) Faisalabad
(B) Bahawalpur ✓
(C) Lahore
(D) Quetta

46. The Chief Minister of Punjab banned the registration of new cooperatives in
(A) 1995
(B) 1996
(C) 1997 ✓
(D) 1998

47. The employees Housing Societies and the Canal View Housing Cooperative Society are the examples of ________
(A) Housing cooperative society ✓
(B) Producers' cooperative society
(C) Cooperative farming society
(D) None of them

48. Village Service Cooperative Society is an example of ________:
(A) Cooperative farming society ✓
(B) Housing cooperative society
(C) Consumers' cooperative society
(D) Cooperative credit society

49. The main objective of cooperative movement in Sub-continent was to help  ________:
(A) Large farmers
(B) Businessmen
(C) Small farmers ✓
(D) None of them

50. The housing cooperative societies in Pakistan acquire land from ________:
(A) State
(B) Landlords ✓
(C) Cooperative department
(D) None of them
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51. Village service cooperative society and the urban cooperative banks are the examples of
(A) Cooperative credit society ✓
(B) Consumers' cooperative society
(C) Cooperative marketing society
(D) Cooperative farming society

52. The rigidity in cooperative societies may exist due to the role of ________
(A) Government ✓
(B) Members of the society
(C) The managing team of the society
(D) None of them

53. Every society which derives a profit, should maintain a ________:
(A) Reserve fund ✓
(B) Resources
(C) Profit account
(D) Account books

54. More than 10% of a society's dividend is transferred to its member in case of  ________:
(A) Banking society
(B) Housing society
(C) Producers' society
(D) All of them ✓

55. The Cooperative Movement brought together over  ________ billion people around the globe.
(A) One
(B) 1.3
(C) 2.4 ✓
(D) 3

56. International Cooperative Alliance (ICA) represents cooperative societies / federations / organizations
(A) 225
(B) 235
(C) 240
(D) 248 ✓

57. The Registrar of Cooperative Societies is appointed by the Provincial Government under the ________section of Cooperative
Act.
(A) 15
(B) 6
(C) 14
(D) 4 ✓

58. The name of a society can be changed by the resolution of General Meeting and by the
(A) Provincial government
(B) Federal government
(C) Registrar of Cooperative Societies ✓
(D) None of them

59. The member of a society will cease to be a member from the date of expulsion order by the ________
(A) Registrar of the. cooperative societies
(B) Manager cooperative bank
(C) Provincial government ✓
(D) Federal government

60. According to the bylaws, a member cannot be elected as a committee member until
(A) he is certified from the bank for his financial conduct
(B) should be older than 21 years
(C) should be of sound mind
(D) All of them ✓

61. Every society is required to have a ________ office:
(A) Registered ✓
(B) Inspection
(C) Invented
(D) None of them

62. No society shall distribute any bonus or shares beyond what is declared under Section
(A) 38
(B) 37 ✓
(C) 39
(D) 40

63. Different registration fee may be prescribed for different categories of societies, but for the agricultural societies the registration fee is bound not to exceed Rs. ________
(A) 500 ✓
(B) 600
(C) 400
(D) 1000

64. The Cooperative Societies' Act of 1925 comprises ________chapters:
(A) 10
(B) 11 ✓
(C) 12
(D) 15

65. The Cooperative Societies’ Act of 1925 comprises ________sections:
(A) 73 ✓
(B) 74
(C) 77
(D) 80

66. Which Section of the Act deals with the short title:
(A) 1 ✓
(B) 3
(C) 2
(D) 5

67. Which section of the Act deals with the definitions:
(A) 1
(B) 3
(C) 4
(D) 5 ✓

68. Every society shall call a General Meeting of its member for making up its accounts in  ________months:
(A) 3 ✓
(B) 4
(C) 5
(D) 6

69. Which Chapter of the Cooperatives Societies' Act of 1925 deals with properties and funds of societies:
(A) 6 ✓
(B) 8
(C) 11
(D) 15

71. The Registrar may refuse to register a society or its bylaws under Section ________:
(A) 10 ✓
(B) 12
(C) 14
(D) 18

72.  ________is known legal proceedings and are commenced by a petition:
(A) Suit ✓
(B) Charge
(C) Summon
(D) Trial

73.  ________is known as an order to appear or present evidence before the court:
(A) Call
(B) Production
(C) Summons ✓
(D) Court orders

74. Bylaws mean ________;
(A) According to laws
(B) Various clauses of a law
(C) Distinct law
(D) A corporation’s rules and regulations ✓

75.  ________ is the basic unit of
organization of Pakistani social life:
(A) Tehsil council
(B) Village ✓
(C) City
(D) Province

76. Which of the following is not a contributory factor of development?
(A) Abundance of natural resources
(B) Character of people ✓
(C) Democratic process
(D) 'Technology

77. Movement from rural to urban area is called
(A) Rural-urban migration
(B) Urbanization ✓
(C) Modernization
(D) None of them

78. In Pakistan, rural development is feeing:
(A) Rapid infrastructure development
(B) Capital intensive industrial growth
(C) Both of them ✓
(D) None of them

79. Rural development policy is required in order to  ________
(A) Avoid adverse affects to fluctuations
(B) Reduce inequality and improve income ✓
(C) Improve basic infrastructure
(D) All of them

80. Which of the following is not the goal of rural development  ________
(A) Priority to agnculture and rural development
(B) Industrialization ✓
(C) Empowering rural women
(D) Ensuring food and nutritional safety

81. Rural development follows from '
(A) Economic development ✓
(B) Urbanization
(C) Industrialization
(D) None of them

82. Agriculture Sector contributes ________% to the GDP of Pakistan:
(A) 21 ✓
(B) 19
(C) 22
(D) 24

83. Percentage of farms under 5 hectares of land in Pakistan is ________:
(A) 75.6
(B) 82.6 ✓
(C) 85.6
(D) 68.6

84. Rural Community Development encompasses a range of approaches and activities that aim to improve the welfare and livelihood of people living in ________ :
(A) Rural areas ✓
(B) Urban areas
(C) Metropolitan
(D) None of them

85. Pakistan is a land of ________
(A) Industry
(B) Oil and gas
(C) Agriculture ✓
(D) None of them

86. What are the determining factors to produce goods by farmers?
(A) Power
(B) Prestige
(G) Profit
(D) All of them ✓

87. Urbanization in Pakistan started as a result of
(A) Industrialization ✓
(B) Modem education
(C) Law and order
(D) Existed at the time of independence

88. Which of the following is not a basic institution
(A) Education
(B) Family
(C) Religion
(D) War ✓

89. Urbanization means ________
(A) increase of population
(B) Population shifts from rural to urban area ✓
(C) Unequal opportunity for employment
(D) All of above

90. How many bits are there in one byte?
(A) 4
(B) 8 ✓
(C) 12
(D) 16

91. ASCII was formed in ________:
(A) 1952 ✓
(B) 1963
(C) 1965
(D) None of them

92. One Kilobyte Is equal to ________Bytes
(A) 1000
(B) 1400
(C) 1024 ✓
(D) 1200

93. URL stands for ________
(A) The title of the web page
(B) The title of memory card
(C) The World Wide Web
(D) Universal Resource Locator ✓

94. Which of the followings are the extensions of a graphics file ________?
(A) JPEG
(B) GIF
(C) BMP
(D) All of them ✓

95. Which kind of memory is the first to activate when the computer is activated  ?
(A) BIOS
(B) RAM ✓
(C) ROM
(D) UPS

96. HTTP stands for ________
(A) Hyper text transfer protocol ✓
(B) Hyper text transfer program
(C) Hyper level text of transfer program
(D) None of them

97. Information technology first started in
(A) 1940
(B) 1942 ✓
(C) 1920
(D) None of them

98. The 'BAT extension is usually used for kind of files.
(A) System files
(B) Main files
(C) Back up files ✓
(D) Graphic files

99. A DNS translates a domain name into
(A) IP ✓
(B) Hex
(C) Binary
(D) URL

100. Which of the followings is the section of a hard drive?
(A) Partition ✓
(B) Room
(C) Space
(D) Division

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