35.

36.

37.

38.

39.

40.

41.

Every co-operative society shall transfer an amount not less than ————— % of
its net profit to the Reserve Fund:

(^ 10% (B) 16%
© 20% (D) 58%

Every society with limited liability which are accepting deposits and not coming within the
Banking Regulation Act shall maintain minimum liquid cover of 25% on :

(ಹ). Total loans and advances

ற Net loans and advances

{C) Total demand and time liabilities

(D) Total liabilities

Audit fees is exempted from which of the following societies :
(ಹ) Coir societies {B) Housing societies
{C) Transport societies (D) Farming societies

Registrar shall issue an order of inquiry in a society:
(മ) Registrar on his own motion
(छ Receipt of inquiry report of the Vigilance Officer
(0 On receipt of application by majority of members വ the committee
(D) All of these

Any dispute arises in the affairs of a co-operative society shall be decided by:
{A) Co-operative Arbitration Court and Registrar
൫ Registrar
{C) Co-operative Arbitration Court
(2) None of these

One of the following is not a reason for winding up of a society:
{A) Total number of members has been reduced to less than twenty five
(B} Society has not commenced working within five months of its registration

{C) Registrar received application for winding up from three-fourth of the members of
the society

യ) Registrar after conducting an inquiry/inspection under section 65 or 66 is of the
opinion that the society ought to be wound up

The liquidator shall complete the winding ಬಣ proceedings within a period

மீட from the date of his appointment :
{A) 2 years {B) 8years
(0 178 (D) 2% years
7 05/2019

[P.T.O.]