Goa Board Class 12 Question Paper Mar 2019 Co-Operation _CWSN_

2019 III 18 1000 Seat No.

Time : 3 Hours CO-OPERATION (CWSN)
Subject Code

H 5 5 9
Total No. of Questions : 7 (Printed Pages : 8) Maximum Marks : 80

INSTRUCTIONS : (i) All questions are compulsory.

(ii) Answer each question on a fresh page.

(iii) Write the number of each question and sub-question
clearly.

(iv) Internal choice has been provided in Question No. 6 and
Question No. 7.

SECTION A

1. Select the correct answer from the bracket given below and fill in the blanks
(10 marks) : (1 mark each)

(Co-operative Banks, Minutes book, Audire, Managing Committee, four, Auditor,
Commercial Banks, One, State Government, Property Register)

(1) The office bearers of a Co-operative Society are appointed by
the ................................ .

(2) The minimum number of managing committee meetings held in a year
is ................................ .

(3) The complete record of assets and properties of a Co-operative Society
are entered in ................................ .

(4) The proceedings of the meetings of a Co-operative Society are recorded
in the ................................ .

(5) The authority who examines the books of Accounts of a Co-operative
Society is called ................................ .

(6) The term, ‘Audit’ is derived from the Latin word ................................ .

(7) The Registrar of Co-operative Societies is appointed by the
................................ .

(8) The minimum number of shares purchased by every person to become
a member of a Co-operative Society is ................................ .

(9) The cost of processing the credit facilities is marginal in ................................

(10) The Banking Regulation Act, 1949 is applicable to ................................

2. Name the following (10 marks) : (2 marks each)

(1) The most important source of finance for a co-operative society.

(2) A proposal placed before a meeting for discussion and decision.

(3) A register which shows the record of goods bought and sold.

(4) The type of audit which is conducted at frequent intervals.

(5) The commission set up in the year 1928 to find out the needs of
Agriculture in India.

3. Select the correct alternative from the option given below (10 marks) :

(1 mark each)

(1) The election rules of the Managing Committee of a Co-operative Society
are approved by the .............................

(a) Members

(b) Secretary

(c) Registrar

(2) The principle of a good organisation which avoids conflicts and misunder-

standing amongst the staff and management is ............................. .

(a) Unity of Command

(b) Unity of Direction

(c) Flexibility

(3) The authority empowered to exercise the casting vote is .............................

(a) Secretary

(b) Treasurer

(c) Chairperson

(4) A meeting convened in between two Annual General Meetings

is ............................. .

(a) First General Meeting

(b) Special General Meeting

(c) Managing Committee Meeting

(5) A statement which shows the financial position of the Co-operative

Society on a particular date is ............................. .

(a) Trading Account

(b) Profit and Loss Account

(c) Balance Sheet

(6) A co-operative society which is authorized under its bye-laws to raise
funds by issue of bonds must maintain a ............................. .

(a) Shares Register

(b) Debenture Register

(c) Property Register

(7) The authority empowered to fix the terms and conditions of appointment
of a certified auditor is ............................. .

(a) Chairperson

(b) Managing Committee

(c) Registrar

(8) The Chief Internal Auditor works under the direct control
of ............................. .

(a) State Government

(b) Registrar

(c) Board of Directors

(9) The Co-operative Societies Act made applicable to the Union Territory
of Goa, Daman and Diu was .............................

(a) Multi-State Co-operative Societies Act, 1984

(b) Maharashtra Co-operative Societies Act, 1960

(c) Goa Co-operative Societies Act, 2001

(10) The Co-operative Banking in India follows three tier organisational set
up except the state of .............................

(a) Goa

(b) Kerala

(c) Maharashtra

4. State the following statements are ‘True’ or ‘False’ (10 marks) :

(1 mark each)

(1) In a co-operative organisation, in order to secure devotion and loyalty

from the members, principle of equity should be applied.

(2) The minimum number of members required for the formation of a

co-operative society is ten.

(3) The chairperson of a co-operative society has the power to extend the

time limit of Annual General Meeting.

(4) A Special General Meeting is also referred as Requisition Meeting.

(5) A copy of the statement of Accounts should be displayed on the notice

board of the society 21 days before the Annual General Meeting.

(6) The minutes book is a non-statutory book of Accounts.

(7) The names of certified auditors are published in the official gazette.

(8) An auditor gives audit class to a co-operative society on completion of

statutory audit.

(9) De-registering of a Co-operative Society is a regulatory role of the

Registrar of Co-operative Societies.

(10) A farmer requires a long term finance for the improvement of land

including fencing.

SECTION B

5. (A) Match the following (5 marks) (1 mark each) :

A B

(1) Looks after financial matters (a) Show of hands

(2) Presides over the meetings (b) Agenda

(3) Methods of voting (c) Treasurer

(4) List of items to be discussed (d) Register of shares

(5) Also known as Shares Ledger (e) Chairperson

(B) Match the following (5 marks) (1 mark each) :

A B

(1) Statutory books of Accounts (a) Nominee

(2) Scheme of Audit work (b) Administrator

(3) Report submitted after (c) Register of Members

conducting an audit

(4) Settles the disputes of (d) Audit Memorandum

an organisation

(5) Manages the affairs of society (e) Audit Programme

on removal of Managing

Committee

6. Answer the following questions in a sentence (10 marks) (1 mark each) :

(1) What is meant by ‘Division of Labour’ ?

Or

State any one duty of Secretary towards office.

(2) Write any one item of business transacted at the First General

Meeting.

Or

What is meant by Quorum ?

(3) State any one reason for maintaining Accounts in a Co-operative Society.

(4) Mention the contents of Final Accounts (any one point).

(5) State any one object of an Audit.

(6) Give any one qualification of an Auditor.

(7) List out any one factor responsible for the distress of Co-operative

Societies according to Dr. E.M. Hough.

(8) Mention any one judiciary role of Registrar.

(9) Distinguish between Co-operative Banks and Commercial Banks. (Any

one point)

(10) Mention any one Individual level resource of credit available to the

Agricultural Sector.

7. Answer the following questions in two points/sentences (20 marks) (2 marks

each) :

(1) Mention any two reasons for the cancellation of membership of a member

of a co-operative society.

(2) State the need of finance to a Co-operative Society. (Any two points)

(3) What are the business transacted at Annual General Meeting ? (Any

two points)

(4) Mention any two purposes of holding a meeting.

(5) Distinguish between Statutory and Non-statutory books of Accounts.

(Any two points)

Or

State any two guidelines followed for appropriation of profits.

(6) Write any two rights and duties of an Auditor.

Or

List out any two weaknesses of Audit system.

(7) Mention any two financial help provided by the Co-operative

Department.

(8) State any two powers of the Registrar of Co-operative Societies.

(9) Mention any two defects that are found in the working of Co-operative

Banks of India.

(10) Give any two features of Co-operative Banking.