Questions

COOPERATIVE

1. A cooperative is formed because of:

a. Business
b. Mutual benefit
c. Credit
d. None of the above
2. What government agency regulates Cooperatives?
a. Cooperative Authority of the Philippines
b. Philippine Federation of Credit Cooperatives
c. Cooperative Development Authority
d. Federation of Cooperatives
3. Cooperatives are owned, managed, and patronized by:
a. Members
b. Proprietor
c. Manager
d. Director
4. One of the purposes of Cooperative is to encourage:
a. Lending all the way
b. Thrift and Savings
c. Generate profit for business
d. None of the above
5. All are cooperative principles except for one:
a. Member Economic Participation
b. Cooperation Among Cooperatives
c. Autonomy and Independence
d. None of the above
6. Body entrusted with the management of the affairs of the cooperative under its articles of
cooperation and bylaws:
 a. Shareholders
b. Board of Directors
c. Members
d. Manager
7. It is the operative act granting juridical personality to a proposed cooperative and is
evidenced by a certificate of registration:
a. Bylaws
b. Articles of Cooperation
c. Registration
d. Committee
8. A cooperative undertaking activities in which are related to its main line of business or
purpose:
a. Federation of Cooperatives
b. Single-line Cooperative
c. Consumers Cooperative
d. Cooperative Bank
9. A membership of cooperative may be terminated by a vote of the majority of all the
members of the board of directors in which circumstance/s?
I. Member has continuously failed to comply with his obligations
II. Member has not patronized any of the services of the cooperative for an
unreasonable period of time as may be previously determined by the board
of directors
III. Member has not acted in violation of the bylaws and the rules of the
cooperative

a. I only
b. II only
c. I and III only
d. I and II only
10. A quorum shall consist of at least per centum of all the members entitled to vote.
a. 5%
b. 10%
c. 15%
d. 25%