The Multi-State Cooperative Societies Act, 2002

Description: This quiz is designed to assess your understanding of the Multi-State Cooperative Societies Act, 2002. The act aims to regulate and promote the development of multi-state cooperative societies in India. The quiz covers various aspects of the act, including its objectives, structure, functions, and provisions.
Number of Questions: 15
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What is the primary objective of the Multi-State Cooperative Societies Act, 2002?

  1. To regulate and promote the development of multi-state cooperative societies in India.

  2. To provide financial assistance to multi-state cooperative societies.

  3. To resolve disputes between multi-state cooperative societies and their members.

  4. To promote the interests of multi-state cooperative societies in international forums.


Correct Option: A
Explanation:

The primary objective of the Multi-State Cooperative Societies Act, 2002 is to regulate and promote the development of multi-state cooperative societies in India. This includes providing a legal framework for the establishment, operation, and management of multi-state cooperative societies, as well as promoting their growth and development.

Which of the following is not a function of the National Cooperative Development Corporation (NCDC) under the Multi-State Cooperative Societies Act, 2002?

  1. Providing financial assistance to multi-state cooperative societies.

  2. Promoting the development of multi-state cooperative societies.

  3. Resolving disputes between multi-state cooperative societies and their members.

  4. Promoting the interests of multi-state cooperative societies in international forums.


Correct Option: C
Explanation:

The National Cooperative Development Corporation (NCDC) is responsible for providing financial assistance and promoting the development of multi-state cooperative societies. However, it is not responsible for resolving disputes between multi-state cooperative societies and their members. This function is typically carried out by the cooperative societies themselves or through arbitration or mediation.

What is the minimum number of members required to form a multi-state cooperative society under the Multi-State Cooperative Societies Act, 2002?

  1. 10

  2. 20

  3. 30

  4. 40


Correct Option: A
Explanation:

Under the Multi-State Cooperative Societies Act, 2002, a minimum of 10 members are required to form a multi-state cooperative society. These members must be individuals who are eligible to become members of a cooperative society, such as farmers, artisans, weavers, and other economically weaker sections of society.

What is the maximum number of directors that a multi-state cooperative society can have under the Multi-State Cooperative Societies Act, 2002?

  1. 15

  2. 20

  3. 25

  4. 30


Correct Option: C
Explanation:

According to the Multi-State Cooperative Societies Act, 2002, a multi-state cooperative society can have a maximum of 25 directors. These directors are elected by the members of the society from among themselves and are responsible for the management and administration of the society.

What is the minimum share capital required to register a multi-state cooperative society under the Multi-State Cooperative Societies Act, 2002?

  1. Rs. 1 lakh

  2. Rs. 2 lakhs

  3. Rs. 3 lakhs

  4. Rs. 4 lakhs


Correct Option: B
Explanation:

The Multi-State Cooperative Societies Act, 2002 requires a minimum share capital of Rs. 2 lakhs to register a multi-state cooperative society. This share capital is contributed by the members of the society and is used to fund the society's operations and activities.

Which of the following is not a provision of the Multi-State Cooperative Societies Act, 2002?

  1. The establishment of a National Cooperative Development Corporation (NCDC).

  2. The creation of a Multi-State Cooperative Societies Fund.

  3. The appointment of a Central Registrar of Cooperative Societies.

  4. The establishment of a Cooperative Education Fund.


Correct Option: D
Explanation:

The Multi-State Cooperative Societies Act, 2002 does not contain any provisions for the establishment of a Cooperative Education Fund. However, it does provide for the establishment of a National Cooperative Development Corporation (NCDC), the creation of a Multi-State Cooperative Societies Fund, and the appointment of a Central Registrar of Cooperative Societies.

What is the role of the Central Registrar of Cooperative Societies under the Multi-State Cooperative Societies Act, 2002?

  1. To register and regulate multi-state cooperative societies.

  2. To provide financial assistance to multi-state cooperative societies.

  3. To promote the development of multi-state cooperative societies.

  4. To resolve disputes between multi-state cooperative societies and their members.


Correct Option: A
Explanation:

The Central Registrar of Cooperative Societies is responsible for registering and regulating multi-state cooperative societies under the Multi-State Cooperative Societies Act, 2002. This includes verifying the eligibility of applicants, ensuring compliance with the act's provisions, and maintaining a register of all registered multi-state cooperative societies.

What is the Multi-State Cooperative Societies Fund established under the Multi-State Cooperative Societies Act, 2002 used for?

  1. Providing financial assistance to multi-state cooperative societies.

  2. Promoting the development of multi-state cooperative societies.

  3. Resolving disputes between multi-state cooperative societies and their members.

  4. Promoting the interests of multi-state cooperative societies in international forums.


Correct Option: A
Explanation:

The Multi-State Cooperative Societies Fund established under the Multi-State Cooperative Societies Act, 2002 is used to provide financial assistance to multi-state cooperative societies. This assistance can be in the form of loans, grants, or subsidies and is intended to support the development and growth of multi-state cooperative societies.

What are the powers of the Central Government under the Multi-State Cooperative Societies Act, 2002?

  1. To make rules and regulations for the implementation of the act.

  2. To appoint the Central Registrar of Cooperative Societies.

  3. To dissolve multi-state cooperative societies.

  4. All of the above.


Correct Option: D
Explanation:

The Central Government has the power to make rules and regulations for the implementation of the Multi-State Cooperative Societies Act, 2002. It also has the power to appoint the Central Registrar of Cooperative Societies and to dissolve multi-state cooperative societies. These powers are essential for the effective administration and regulation of multi-state cooperative societies.

What are the penalties for violating the provisions of the Multi-State Cooperative Societies Act, 2002?

  1. Fines

  2. Imprisonment

  3. Both fines and imprisonment

  4. None of the above


Correct Option: C
Explanation:

Violating the provisions of the Multi-State Cooperative Societies Act, 2002 can result in both fines and imprisonment. The specific penalties depend on the nature of the violation and are determined by the courts.

When was the Multi-State Cooperative Societies Act, 2002 enacted?

  1. 2001

  2. 2002

  3. 2003

  4. 2004


Correct Option: B
Explanation:

The Multi-State Cooperative Societies Act was enacted in 2002.

Which ministry is responsible for implementing the Multi-State Cooperative Societies Act, 2002?

  1. Ministry of Agriculture and Farmers Welfare

  2. Ministry of Cooperation

  3. Ministry of Finance

  4. Ministry of Home Affairs


Correct Option: B
Explanation:

The Ministry of Cooperation is responsible for implementing the Multi-State Cooperative Societies Act, 2002.

What is the significance of the Multi-State Cooperative Societies Act, 2002?

  1. It provides a legal framework for the establishment and operation of multi-state cooperative societies.

  2. It promotes the development of multi-state cooperative societies.

  3. It protects the interests of members of multi-state cooperative societies.

  4. All of the above.


Correct Option: D
Explanation:

The Multi-State Cooperative Societies Act, 2002 is significant because it provides a legal framework for the establishment and operation of multi-state cooperative societies, promotes their development, and protects the interests of their members.

How many multi-state cooperative societies have been registered under the Multi-State Cooperative Societies Act, 2002?

  1. Over 100

  2. Over 200

  3. Over 300

  4. Over 400


Correct Option: C
Explanation:

As of 2022, over 300 multi-state cooperative societies have been registered under the Multi-State Cooperative Societies Act, 2002.

What are some of the challenges faced by multi-state cooperative societies in India?

  1. Lack of access to finance

  2. Lack of skilled manpower

  3. Competition from private sector companies

  4. All of the above.


Correct Option: D
Explanation:

Multi-state cooperative societies in India face a number of challenges, including lack of access to finance, lack of skilled manpower, and competition from private sector companies.

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