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TMA1/COP211 – Cooperative Economics I TMA 1 QUESTIONS AND ANSWERS

TMA Quiz Questions

TMA: TMA1/COP211
COP211 – Cooperative Economics I
Dr. Mure Agbolahon U. (amure@noun.edu.ng )

1 Cooperative organisation is an alternative system of ——

A. Production  
B. Profit
C. Consumption
D. Lending

2 Cooperative organisation lays more emphasis on which of the following

A. ethnic affiliation
B. Profit maximization  
C. religious group
D. patrons

3 Free rider is when

A. non contributors benefits from others
B. non-contributors assist freely others
C. when one gets a free ride to meetings
D. None of the above  

4 Dividend is divided among members based on

A. Political strength
B. contribution  
C. tribal origin
D. number of years in group

5 A Type A social cooperative brings together

A. Producers and beneficiaries  
B. Producers and power brokers
C. Consumers and foreign donors
D. government and producers

6 The main difference between cooperatives and private organisation is

A. Profit minimization
B. Profit maximization
C. Non profit organization  
D. Least cost minimization

7 Which is true of Type B social cooperative

A. It integrate disadvantage people  
B. It is specific to producers
C. It allows only the wealthy class
D. It is for the socialist group

8 The democratic principle of cooperative means that

A. They must register as political party
B. the leaders have to join political party
C. members should play politics in the community
D. None of the above  

9 Food cooperatives and credit union are examples of

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A. Individualism cooperative
B. Federalism
C. Consumers’ cooperation  
D. Producers’ cooperation

10 As multi-dimensional organisation, cooperatives should have

A. Leaders that can speak multiple languages
B. both economics and social goals  
C. Should have members based abroad
D. None of the above

11 The current statement of cooperative identity was adopted by ICA in

A. 1990
B. 1995  
C. 1996
D. 2000

12 ICA means ;

A. International Cooperative Agencies
B. Intermediate Cooperative Alliance
C. International Cooperative Alliance  
D. Intermediate Cooperative Agencies

13 Cooperatives are based on the following except

A. Self help
B. Democracy
C. Solidarity
D. in-equality  

14 Open membership means that cooperative should

A. Select members base on their openness
B. should select members during open day
C. Select members that are willing to open their doors to others
D. None of the above  

15 Cooperative spirit means

A. Ensuring that members goes to spiritual churches
B. Ensure that members have different spirits
C. Ensure that members regard cooperative interest above self  
D. Ensure members cooperate with non members

16 Social cooperatives must not distribute beyond ___percetage of their profit at the end of the year

A. 10
B. 70
C. 80  
D. 75

17 The study of cooperatives,following the new trends must incorporate the following except

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A. Economics
B. History
C. Sociology
D. Theology  

18 Cooperatives effect is the degree of

A. Trade off
B. satisfaction  
C. popularity
D. profit

19 Cooperative movement receive early popularity in the following country except

A. Sweden
B. Germany
C. Norway
D. Brazil  

20 The equitably contribution of members, and democratically controll the capital of cooperative is known as

A. Autonomy
B. Economic participation  
C. Independent
D. Control mechanism

 

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