| Post Name | Clerk/Cashier- Kerala Bank 063/2024,064/2024 |
|---|---|
| Question Paper Code | 143/2024 |
| Category Code | 063/2024, 064/2024 |
| Date of Test | 23 October 2024 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
Which among the following is not a feature of Capitalism ?
Answer
C. Right of Government intervention
2
Which among the following is associated with State ownership ?
Answer
B. Socialism
3
The proxy appointed by a registered society, for voting in the affairs of another
society, should be its member.
Which of the above statements are correct ?
Answer
A. 2 and 3 only
4
‘From each according to his capacity, to each according to his need’ is the maxim of
Answer
C. Communism
5
‘Corporate body’ represents
Answer
C. Both Joint Stock Company and Co-operative Societies
6
Who recommended the revised co-operative principles by ICA in 1995 ?
Answer
B. dr. Ivan mac Pherson
7
Which among the following is not true about co-operative principles ?
Answer
C. Co-operatives provides education and training only for the members
8
Which among the following is not identified as co-operative values ?
Answer
Question Cancelled
9
‘Cash trading’ is suggested as one of the Co-operative Principles by
Answer
A. Roachdale Pioneers
10
Karve Commission on Co-operative Principles submitted its report in
Answer
B. 1966
11
The word ‘Find Raiffeisen’ is included in the report submitted by
Answer
A. Sir Frederic Nicholson
12
‘Scale of Finance’ is prepared by
Answer
Question Cancelled
13
‘Credit limit Statement’ is prepared by
Answer
A. PACS
14
‘Price Fluctuation Fund’ is usually created by
Answer
B. marketing Co-operatives
15
The headquarters of Kerala State Co-operative Housing Federation is at
Answer
A. Kochi
16
‘double Compartmental System’ is related to
Answer
C. Stock records of Consumer Co-operatives
17
The printing wing of ‘Sahithya Pravarthaka Co-operative Society’ (SPCS) is known as
Answer
C. INdIA PRESS
18
National Co-operative development Corporation (NCdC) was established in
Answer
D. 1963
19
“Operation Flood” is a scheme of
Answer
B. NddB
20
‘Cess Fund’ is constituted for the development of
Answer
C. Handloom Co-operatives
21
KRlBHCO was founded in
Answer
B. 1980
22
Which among the following are engaged in fertiliser production in Co-operative
sector ?
Answer
C. IFFCO and KRIBHCO
23
Which of the following condition(s) is/are to be met in respect of purchase of shares
by society using Principal State Partnership Fund or Subsidiary State Partnership
Fund ?
No. Conditions
I. Prior Government Approval in writing
II. liability should be limited to the extent of amount paid of such shares
III. Government Approval is to be sought within time given
IV. liability of society whose shares are bought may be limited or unlimited but with
Government Approval
Answer
A. I and II only
24
The following statements are related to nature of state aid to cooperative societies.
you are required to identify the incorrect statement(s) related to the source of fund
available to cooperatives given below.
I. The Government may subscribe to share capital of society with limited liability only.
II. The Government is not entitled to dividend on shares of any such society.
III. The Government may provide financial assistance to a society for the purchase of
shares in other societies with limited liability.
IV. Principal State Partnership Fund is provided by Apex Societies to Central
Societies.
Answer
C. II and IV
25
Which one(s) of the following are not characteristics of unitary type of cooperatives ?
I. Unitary Societies facilitate upholding Cooperative values
II. large Society and branches all over the country is the operating pattern of Unitary
Societies
III. General Body constitutes its members only
IV. Board of directors is the supreme Governing Body
V. Unitary Societies are called Centralised Societies
Answer
D. I and IV only
26
you are given with a set of facts describing the characteristics of Federal and Unitary
types of Cooperative Societies. Identify the distinct characteristics in each combination
having 3 sets that doesn’t describe features of Federal type of Societies.
Combination of characteristics of unitary/Federal societies
a b c
I. Two/Three tier system large no. of societies Easy organisation
at primary level
II. Cooperative democracy Easy planning/control decentralization of
authority/responsibility
III. Societies for different purpose Power in few hands Operation based on
Cooperative ideology
IV. A large society with branches Policies relevant at grass Uphold Cooperative
root level members values
Answer
D. c-I b-II b-III a-IV
27
The interrelationship among Cooperation, competition and conflict is best described
in the following definitions/descriptions of Cooperative exponents. Match Part I
description of Cooperation with Part II – authors of definitions/descriptions.
Part – I Part – II
a. Cooperation is the universal instrument of creation I. mill C.
b. Cooperation, not competition is the password for the future II. Charles Gide d.
c. Cooperation is the noblest ideal that transforms human III. E. R. Bowen A.
life from conflict of classes with opposite interests to
friendly rivalry in pursuit of common good for all
d. Competition is essentially a warfare that means triumph IV. Hyde Bailey B.
of strong and ruin of weak
Answer
Question Cancelled
28
Who are all exempted from payment of Audit fees as per Kerala Cooperative Societies
Act, 1969 ?
i. Any society for first two years of audit irrespective of date of commencement of
business
ii. All social welfare and farming societies who don’t accept deposits and grant loans/
advances
iii. All Cooperative Societies of which all or majority of members are belonging to
SC/ST except Apex Cooperative Society
iv. Any Weavers Society until it has completed sixth Cooperative year after its
commencement of business
v. Vanitha Cooperative Societies
Answer
Question Cancelled
29
Which of the following is record maintained by Cooperative auditor, a complete and
permanent record of work done during the audit of each society, in order to facilitate
correct compilation of audit ?
Answer
Question Cancelled
30
The characteristic features related to formation, objectives, functioning of designer
vs. Greenhouse Cooperatives are enlisted below. Which combination of features
best describes Greenhouse Cooperatives ?
I. local efforts grow on their own
II. Self-patterned model
III. mobilisation of hidden resources
IV. Blue print approach
V. discourse
Answer
A. I, III and V only
31
The distinct advantages in the functioning of Single Purpose and multi-Purpose Cooperative
Societies are enlisted below in Column A and B. Identify odd one out in Column A and
Column B that don’t match with Title i.e. types of societies Single and multi-Purpose.
single Purpose – A Multi-Purpose – B
I. Increased efficiency in satisfaction of I. Better Customer Loyalty
specific needs
II. Easy fund mobilisation II. All needs under one umbrella
III. Better customer tie with Society III. Better Efficiency via Professional
management
IV. High Economic Viability IV. land development Banks
option – A option – B
Answer
C. IV I-IV
32
The following statements are related to evaluating a cooperative organisation in three
dimensions being member dimension, Enterprise dimension and Ethical dimension.
Classify the statements into three dimensions appropriately.
I. management of Cooperatives mean management of institution and management of
socio-economic values.
II. Own code has to be developed by societies as to how to treat the members.
III. member Education and enlightened members are necessary for better working of
societies.
IV. Economic value is equally important as it is individual growth that permits formation
of organisation.
V. members should behave according to principles and practice of cooperatives.
Member dimension enterprise dimension ethical dimension
Answer
C. III I, IV II, V
33
Section 65 of the Kerala Cooperative Societies Act is related to payment of audit fees for
different types of societies. Identify the basis of charging audit fees in case of societies
listed below.
Type of society Basis of Charging Audit fee
a. Societies having Credit/Non-Credit I. On sales proceeds
activities
b. Societies dealing in Goods (except II. Working capital
Coir/Consumer) Cooperatives
c. Primary Consumer Cooperatives III. On sale proceeds of goods
d. Credit Societies (except PCARdB/ IV. On Higher of sales proceeds of goods
Housing Societies/House or working capital
mortgage banks)
a b c d
Answer
Question Cancelled
34
The hierarchical structure of administrative set up of cooperative department is
presented below.
Identify the level of authority with designations of officers in Audit Wing.
designations of Authority Level of Authority
a. Assistant director I. State
b. Additional director II. Taluk
c. Joint director III. Unit
d. Senior Auditor IV. district
a b c d
Answer
D. II I IV III
35
With respect to preparation of Audit Memorandum, Audit Report and Audit Certificate,
which one of the following facts are correct ?
I. The auditor has to furnish a certificate in the form of a report attached to Audit note.
II. Audit memorandum is prepared by auditor on finalizing audit for a year.
III. Audit memorandum is in the form of questions to be answered by auditors with
reference to books of accounts, working sheets final statements prepared in
relation to audit.
IV. Audit memorandum is submitted with draft audit certificate, summary of defects
and Audit Report.
option I option II option III option IV
Answer
B. Correct Correct Correct Correct
36
Which one of the following is/are to be published or exhibited by Society in the Notice
Board of society ?
I. Audit certificate.
II. Statement of R and d for the year.
III. Summary of defects.
IV. Profit and Loss Account.
V. Balance Sheet.
Answer
D. All of the above
37
The following statements are related to duties, powers of Registrar related to
settlement of disputes. Identify the statement(s) inappropriate as per provisions of
Kerala Cooperative Societies Act.
I. Registrar appointed as Arbitrator has no right to use word court in his proceedings
and have jurisdiction to decide monitory disputes only.
II. The Registrar or any person conferred with the powers of registrar is only a Quasi-
Judicial authority and not a court.
III. monitory disputes relating to service matters are not to be adjudicated by Registrar.
IV. The dispute in connection with employment of officers and their promotion and
interse seniority are to be adjudicated by Registrar.
V. The Registrar has the power to adjudicate upon the service disputes in a society.
Answer
D. IV and V only
38
Which of the following combination of nature of dispute and authority to whom it shall
be referred is correct ?
option Nature of dispute and Authority
I. Non-monetary dispute between Society and Creditor of Society-
Cooperative Arbitration Court
II. Non-monetary dispute between Society and Creditor of Society-Registrar
III. monetary dispute between Society and Creditor of Society-Cooperative
Arbitration Court
IV. monetary dispute between Society and Creditor of Society-Registrar
Combinations
Answer
B. I and IV
39
Whenever there is inconsistency or repugnancy exists between the provisions of the
Kerala Cooperative Societies Act and the Industrial disputes Act, which one of the
following hold true ?
Answer
B. Id Act Prevail Over KCS Act
40
With respect to nature, powers and functions of Cooperative Arbitration Tribunal, which
of the following statements is/are inappropriate ?
I. CAT is a forum subordinate to the Registrar of Cooperative Societies.
II. CAT exercises same powers as that of Civil Court.
III. CAT has power to consider the request of the delinquent for payment of allowance,
pending enquiry.
IV. The CAT shall have jurisdiction to hear appeals against decision of the registrar or an
arbitrator.
Answer
D. I only
41
match the following facts on appeals to tribunal, award, review and revision of petition in
relation to settlement of disputes in Cooperative Societies.
Facts Time Limit
I. Time limit for filing Appeal to Tribunal a. 30 days
II. Reasonable time limit for Revision b. 90 days
Petition
III. Periods of limitation c. 60 days
IV. Application for Review d. 90 days
I II III IV
Answer
A. c d a b
42
The nature and type of state aid to cooperatives are depicted in the following table.
match the section as per Cooperative Societies Act and type or feature of state aid to
cooperatives appropriately.
Type/Nature of state Aid to Cooperatives section
I. direct Subscription to share capital by Govt. a. Section 44
II. Principal State Partnership Fund b. Section 50
III. disposal of PSPF/SSPF c. Section 42
IV. disposal of share capital/dividend d. Section 51
I II III IV
Answer
C. c a d b
43
Which one of the following combinations does constitute a form of state aid to societies ?
i. Guarantee repayment of principal and payment of interest on debentures issued by
a Society.
ii. Guarantee the repayment of share capital of society and dividends there on at such
rates as specified by Government.
iii. Guarantee the repayment of principal and payment of interest on loans and
advances to a Society.
iv. Guarantee the repayment of deposits received by the society and payment of
interest on such deposits.
Answer
Question Cancelled
44
If a Society in which shares are purchased from the money’s in the Subsidiary State
Partnership Fund is dissolved or wound up , the authority(ies) having claim against
central society, which purchased shares, in respect of any loss arising from such
purchases is/are
Answer
D. Neither Government nor Apex Society
45
Consider the following statements on voting rights as per Cooperative Societies Act,
1912.
1. In limited liability societies, voting right is decided by the bylaw of the society.
2. In societies with unlimited liability, voting right is limited to one vote per member.
3. The proxy appointed by a registered society, for voting in the affairs of another
society, should be its member.
Which of the above statements are correct ?
Answer
D. All of them
46
Which one of the following is not a highlight of National development Council Resolution
on Cooperation of 1958 ?
Answer
C. multi agency approach in developing cooperatives
47
Identify the wrong statement from the following on Committee on Cooperative law
1957.
Answer
A. The committee was constituted by the department of Agriculture and Cooperation,
Reserve Bank of India
48
Who among the following was the Chairman of the Committee on model Cooperatives
Act appointed by the Planning Commission in 1991 ?
Answer
B. Choudhary Brahm Perkash
49
As per the provisions of the multi-State Cooperative Societies Act, 2002, ‘Area of Operation
of a Society’ means which of the following ?
Answer
D. The area from which the persons are admitted as members
50
Arrange the following institution in the chronological order of its formation. Select your
answer from the choices given below.
1. The Cochin Central Co-operative Bank.
2. Trivandrum Central Co-operative Bank.
3. The Malabar Co-operative Central Bank.
Answer
A. 2, 3, 1
51
In banking, ‘Safety’ is treated as a cardinal principle of lending. Which of the following
statement/s best explain it ?
1. It is borrower’s capacity to pay.
2. It is borrower's willingness to pay.
3. It is borrower’s capacity to income generation.
4. It is borrower's not using loan for consumption purpose.
Answer
C. 1,2and3only
52
Which of the following is not considered as a Bill of Exchange drawn on a banker ?
Answer
D. Bill rediscounted by another banker
53
Which of the following factors can directory affect the Credit Creation ability of the
banks ?
1. Cash Reserve Ratio.
2. REPO Rate.
3. Statutory Liquidity Ratio.
4. Inflation.
Answer
C. 1 and 3 only
54
The word ‘Bank’ is deemed to have originated from which of the following ?
Answer
B. Banco
55
The following statements are on Monetary Policy Committee. Identify the wrong
statement.
Answer
A. The inflation target for the present period is between 1% PA (lower) and
7% PA (upper)
56
Which one of the following is considered as the ‘Policy Rate’ in the monitory policy
statement of India ?
Answer
D. Repo Rate
57
Following statements are related to the history of RBI. Identify the wrong statement.
Answer
B. The accounting year of RBI during its inception was from July to June
58
The following are the statements on RBI’s role on foreign exchange management. Identify
the wrong statement.
Answer
Question Cancelled
59
Consider the following statements regarding the history of State Bank of India. You are
requested to identify the wrong statement.
Answer
C. Bank of Bengal was formed in 1809 to take over Bank of Calcutta
60
Following statements are on the National Credit Council. you are requested to identify
the wrong statement.
Answer
D. It led to the formation of National Bank for Agriculture and Rural development
(NABARd)
61
Below given statements are on the lead bank scheme. you are requested to identify the
wrong statement.
Answer
A. It was introduced by Government of India in december 1969
62
Of the following, which is the first Regional Rural Bank in India ?
Answer
D. Prathama Bank, Uttar Pradesh
63
Which one of the following is not a recommendation of the Committee on the Financial
System (Narasimhan Committee 1) ?
Answer
C. The banks to reduce their NPAs to 3% by 2002
64
The following are features of a payment banks. Identify the wrong one.
Answer
B. It is not covered by the Banking Ombudsman Scheme
65
Following statements are on Small Finance Banks. Identify the wrong statement.
Answer
A. SFBs are required to open at least 50% of its branches in unbanked rural centres
66
As per Banking Regulation Act, 1949, a banking company can pay dividend only on
satisfying the following condition except
Answer
B. Provisioning 25% of net profit to a risk reserve fund
67
Consider the following statements on depositor Education and Awareness Fund
Answer
C. A prior approval from the RBI is required for giving back the amount transferred to
dEAF to the customer
68
The statements given below are related to inspection under Section 35 of the Banking
Regulation Act, 1949. Identify the statement which is wrong.
Answer
D. Both inspection and scrutiny is to be done by the person who possess the
qualifications to audit the accounts and books of the banking company
69
Below given statements are on voluntary winding up of a banking company. Identify the
wrong statement.
Answer
B. A voluntarily winding up shall be completed within 360 days which can be extended
by the court by another 360 days
70
The Integrated Ombudsman Scheme, 2021 cover all previous Ombudsman Schemes
except
Answer
C. The Ombudsman Scheme for Foreign Banks, 2007
71
On the secured portion of the doubtful assets for the period of 1 to 3 years to be charged
a provision of
Answer
D. 40%
72
Essential characteristics of a negotiable instrument is/are
Answer
C. Both
73
In 1999 The Government of India started __________ to promote self-employment
in rural areas by developing and skilling SHGs.
Answer
B. Swarn Jayanti Gram Swarozgar yojana
74
CAmElS Rating of Banks means
Answer
B. Capital adequacy, Asset quality, management capability, Earnings, liquidity and
Sensitivity to market risk
75
Find out the special types of customers of a bank.
Answer
D. All of the above
76
Match the following :
A B
1. Core Banking system a. Steal login information
2. Money Laundering b. Various delivery channels
3. Trojan Horses c. Bill Payment
4. Online Banking d. Converting black money
Find the correct pairs.
Answer
D. 1-b, 2-d, 3-a, 4-c
77
The RBI introduced the Banking Ombudsman Scheme in
Answer
A. 1995
78
Consider the following statements and find the correct one.
Answer
A. Crop loans are usually short-term
79
Consider the following statements and find out the correct one.
Answer
C. Both
80
SWIFT stands for
Answer
D. Society for Worldwide Interbank Financial Telecommunications
81
Expand ‘SARFAESI’.
Answer
B. Securitisation and Reconstruction of Financial Assets and Enforcement of Security
Interest
82
KyC stands for
Answer
A. Know your Customer
83
Consider the following statements.
Answer
Question Cancelled
84
mICR stands for
Answer
C. magnetic Ink Character Recognition
85
NABARd was setup on
Answer
A. 12/7/1982
86
________ is issued by Indian public sector banks to the farmers of India.
Answer
B. Kisan Credit Card
87
IFSC stands for
Answer
C. Indian Financial System Code
88
In the case of the general crossing of a cheque
Answer
C. Required two lines across the cheque
89
__________ is a social security scheme implemented by the Government of India,
which provides risk coverage of Rs. 2 Iakh for accidental death and full disability and
Rs. 1 lakh for partial disability.
Answer
A. Pradhan mantri Suraksha Bhima yojana
90
The relationship between a banker and a customer is
Answer
Question Cancelled
91
Which of the following output devices provides tactile feedback to the user, often
used in gaming controllers and mobile devices ?
Answer
D. Haptic device
92
Phishing is a type of cyber crime that involves
Answer
C. Sending fraudulent emails to obtain sensitive information
93
System software that translates high-level language into machine code is called
Answer
D. Compiler
94
Which component of the operating system handles the execution of processes and
tasks ?
Answer
B. Kernel
95
In programming, what is the purpose of a loop ?
Answer
A. To execute a block of code multiple times
96
In spreadsheet software, what is the intersection of a row and a column called ?
Answer
C. Cell
97
Which application software is primarily used for email communication ?
Answer
B. microsoft Outlook
98
Which type of network is used to connect multiple networks over large geographical
areas, such as countries or continents ?
Answer
A. WAN
99
Which networking device is responsible for directing data packets between networks,
typically found at the gateway between a local network and the internet ?
Answer
C. Router
100
Choose the correct HTml element for the largest heading.
Answer
B.
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