97th Amendment and Co-operative Societies

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46. The 97th Amendment Act provides for the establishment of a __ to monitor the functioning of cooperative societies and take necessary action for their improvement.
a) Cooperative Monitoring Authority
b) Cooperative Development Cell
c) Cooperative Supervisory Board
d) Cooperative Regulatory Commission

Answer: a) Cooperative Monitoring Authority
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47. According to the 97th Amendment Act, the cooperative societies shall be required to maintain __.
a) Membership registers
b) Accounts books
c) Minutes of meetings
d) All of the above

Answer: d) All of the above
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48. The 97th Amendment Act requires the cooperative societies to conduct their elections in accordance with the __.
a) Cooperative Societies Act
b) Companies Act
c) Indian Constitution
d) Election Commission guidelines

Answer: d) Election Commission guidelines
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49. The 97th Amendment Act prohibits the members of a cooperative society from transferring their shares to __.
a) Non-members
b) Other cooperative societies
c) Government officials
d) All of the above

Answer: a) Non-members
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50. According to the 97th Amendment Act, the cooperative societies shall be required to maintain __.
a) Audit reports
b) Minutes of board meetings
c) Registers of members
d) All of the above

Answer: d) All of the above
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