Important Points to Remember

  • The first Co-operative Consumer Society Is Triplicane Urban Co-operative Society (formed on 1904)
  • The birth of co-operative movement is in England
  • The minimum number of persons required to form a co-operative society in Kerala is 25 (one man one vote is the voting right of members)
  • The co-operative farming societies come under the category of Agricultural Non-Credit Cooperative Society
  • Friendly’ Society is started in England (Friendly societies Act was passed in 1793)
  • The training institute sponsored by NABARD is BIRD (Bankers Institute for Rural Development)
  • The first provincial Co-operative Societies Act in India The Bombay Co-operative Societies Act (1925)
  • The first Co-operative Societies Act of 1904 came into force on 25 March 1904
  • The Rochdale Equitable Pioneers Society, the first co-operative Society in the world started in the year 1844 (Manchester)
  • Taccavi Law is Land Improvement Loans Act
  • The chairman of the National Dairy Development Board Amritha Patel
  • The Rochdale Equitable Pioneers Society, the first co-operative Society in the world started in the year 1844 (Manchester)
  • The founder of the first co-operative journal namely The Co-operator -Dr. William king
  • Cooperative Housing Society originated in Britain
  • ICA (International Co-operative Alliance) regional office at New Delhi was inaugurated by Jawaharlal Nehru on 14/11/1960
  • To which store is Cess Fund related Handloom
  • The headquarters of International co-operative Alliance Geneva
  • Rural consumer schemes was introduced byNCDC (National Co-operative Development Corporation) (Established on 1963)
  • A typical example of service type industrial co-operative society Co-operative Spinning Mills
  • The new addition to the co-operative principles-Concern for community
  • Karve Commission on co-operative principles was appointed by ICA (International Co-operative Alliance)
  • The first co-operative principles are accepted by the ICA congress held at Manchester
  • The last revision of co-operative are made in the year 1995
  • “Indian Co-operative Review” is a quarterly journal of National Co-operative Union of India
  • NCUI-National Cooperative Union of India (Established in 1929 with association of State Co-operative Unions)
  • APMACS-Andhra Pradesh Mutual Aided Co-operative Societies Act.
  • LAMPS- Large sized Adivasi Multipurpose Co-operative Society.
  • TRIFED -Tribal Co-operative Marketing Development Federation of India Ltd
  • Accounting is the language of the business
  • The first co-operative law in India was enacted In the year 1904
  • Kerala State Co-operative Bank is a Scheduled Bank
  • Bank of bank -Reserve Bank of India (RBI)
  • Co-operative principles are formulated by ICA (International Co-operative Alliance)
  • Vaikunda Metha National Institute of Co-operative Management is situated at Pune
  • The word co-operation is derived from the word ‘Co-operari’ which is a Latin word.
  • The first consumer co-operative society in India was formed in Triplicane
  • The Registrar of Co-operative society is appointed by Government
  • Amount to be given by Co-operative society to Kerala State Co-operative Union -Rs. 1000
  • Only Secretary(Chief executive) has a right to sign in the Identity card of a member
  • Individual Maximum Borrowing Power (IMBP) is described in Byelaw
  • CAMPCO is registered under Multi State Co-operative Act
  • First Co-operative society in Kochi country -Idvanakkad Parasparasahaya Sangam
  • Kerala Dinesg Beedi Co-operative Society’ is G.K. Panicker (Formerly known as ‘ The Kerala Dinesh Beedi Workers Centrally Co-operative Society’)
  • Dual membership is not applicable in Consumer Co-operative Society
  • The Rochdale Equitable Pioneers Society, the first co-operative Society in the world started in the year 1844 (Manchester)
  • Section 43 Act is used to select president, vice-president of the Society
  • NABARD institution is keeping National Rural Credit Stabilization Fund (NRCSF)
  • Liability is Unlimited in Raifisson model Credit Society
  • Paster Saune is the founder of consumer Co-operative Societies in Denmark
  • The first Co-operative Societies movement in China -Sputnik
  • The first village development training centre in India ‘Sreenikethan’ was established by Rabeendra Natha Tagore
  • A negotiable Instrument, negotiable by usage or custom Promissory Note
  • The Colombo plan was for a period of 6 years
  • A loan covers a period of 3 to 15 months is called Short term loan
  • In a Co-operative Society Revenue fund is created out of Net profit
  • A cheque which is not crossed is called Open cheque
  • District Co-operative Banks are also known as Co-operative Central Bank
  • The banking system followed by in India is Branch Banking
  • The most important objective of Indian Economic Planning is Self reliance
  • There is one Central Co-operative Bank in each District.
  • Land mortgage banks are now known as Land Development Bank
  • The power to supersede the Managing Committee of a Co-operative Society is vested with The Registrar of Co-operative Society
  • The slogan of the Co-operative week celebration during the year 2006 was related to Second green revolution
  • Kerala State Co-operative Bank is a Scheduled Bank
  • A post dated cheque bear a date that is Yet to come
  • Amendments to the byelaws of a Co-operative society shall come into force on the date of Date on which the amendment is registered
  • Audit fee of a credit society is calculated on the basis of -Working Capital
  • The first formal Co-operative Society was formed in England in the year-1844
  • A bank included in the second schedule of Reserve Bank of India Act 1934 is called Scheduled Bank
  • Monitory Policy is formulated and issued by -Reserve Bank of India
  • The first amendment to the Co-operative Societies Act of 1904 was made in-1912
  • The jurisdiction of Circle Co-operative Union is -Taluk
  • RTGS stands for Real Time General Standards
  • CRAFICARD-Committee to Review Arrangements for INSTITUTIONAL Credit for Agriculture and Rural Development)
  • NABARD Act is passed at Indian Parliament –1981
  • NABARD started its function in 1982 July 12 with capital Rs. 100 crore.(its have 28 Zonal offices, 376 District Offices)
  • RIDF–Rural Infrastructure Development Fund
  • Audit fee is limited up to in the case of Co-operative Society–15000.
  • the minimum members In a Circle Co-operative Society–14
  • In a Co-operative Society 80A section deals -Pension
  • Section 73 deals with -The right of Liquidator
  • T.E.R means -Technical Enquiry Report.
  • PSPF (Principal State Partnership Fund) is used for -Purchasing of shares from the different societies
  • National Policy on Co-operation is declared in India-2001.
  • Land Mortgage Bank is started in India-1920
  • S.C. Missra Committee. committee is recommended the Co-operative Education Fund
  • A. Venkidapai committee recommended to form SFDA (Small Farmers Development Agency)
  • Narasimhan Committee (1975) committee is recommended to form the Regional Rural Banks
  • T.A. Pai. committee is recommended to form the Farmers Service Co-operative Society
  • DICGC Deposit Insurance and Credit Guarantee Corporation
  • Agricultural Credit Committee is known as -Kussuru Committee
  • National Council for Co-operative Training (1-7-1976)
  • NICE-National Centre for Co-operative Education. (New Delhi)
  • The chairman of State Co-operative Union-The Registrar of Co-operative Society
  • Election procedure is deals in which section of State Co-operative Union-Section 151
  • A member can get right to withdraw his share from a society after 3 years from the date of his membership
  • The scheme formulate by RBI to protect the interest of the customers and to re-dress their grievances with regard to banking services is called Banking Ombudsman Scheme
  • Magnetic ink character recognition technology is related to Cheques
  • The Co-operative Bank which doesn’t come under the purview of Banking Regulation Act-Primary Agricultural Co-operative Bank
  • Section 74A, of the Kerala Co-operative Societies Act is related to -Winding up of bank coming under DICGC
  • Consumerfed stands for -Kerala State Co-operative Consumer Federation
  • The statement prepared to reconcile the balance as shown by the cash book and the balance as shown by the bank pass book is called -Bank reconciliation statement
  • In the official hierarchy of Co-operative department the officer next to the Registrar of Co-operative Societies is designated as Additional Registrar
  • Asst. Registrar is the head of Co-operative section in Taluk
  • 20 maximum number of members is required in a Partnership firm (Banking sector)
  • Consumer Co-operative Society
  • Co-operative Society is known as ‘War tie babies’
  • The amount (Chellan receipt amount) to remit for the registration of a society Rs. 50/-
  • District Co-operative Bank bank is the custodian of ‘Subsidiary State Partnership Fund’
  • Director of Co-operative Audit post is came in -January 1, 2000
  • When NFIC (National Federation of Industrial Co-operatives formed-1966
  • 10% is the percentage of basic salary to contribute in Provident Fund
  • Selpose is the first Primary Consumer Co-operative Societies
  • Father of Co-operative Commonwealth -D.R. Gadgil
  • Thiruvananthapuram is the headquarters of Federation of Kerala Scheduled Cast/Scheduled Tribe Co-operative Societies
  • Surabhi is the name of Kerala Handicraft Apex Co-operative Societies
  • Maltsyafed is Kerala State Co-operation Federation for Fisheries Development
  • KRIBHCO is Interstate Co-operative institution
  • Land Improvement Loans Act is passed in 1883.
  • The first Co-operative minister of Kerala Joseph Muntaserry
  • Dr. William King gave more importance in Co-operation education