Cooperative Societies Quiz

What is a Cooperative Society?

• An organization that is, generally, formed by the government.

• A self-help group that meets once a month and that allows them to pool and invest money.

• A precise kind of business structure found only in Kenya.

• An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise.

Which of the following is not one of the cooperative principles?

• Democratic member control

• Freedom and responsibility

• Autonomy and independence

• Concern for community

Cooperatives are primarily regulated by:

• Cooperative Development Act

• Cooperative Movement Act

• Cooperative Societies Act

• Cooperative Regulations

The apex cooperative society in Kenya is

• Cooperative Alliance of Kenya

• Kenya Union of Cooperatives

• Kenya National Federation of Cooperatives

• Cooperative Development Alliance

Which of the following is not a NACO?

• Cooperative Bank

• National Cooperative Housing Union

• Thika Coffee Mills

• CIC Insurance

The first Cooperative Ordinance was promulgated in:

• 1931

• 1844

• 1903

• 1965

Applications to register cooperatives are made to:

• Registrar for Cooperative Development

• Commissioner for Cooperative Development

• Cabinet Secretary for Cooperative Development

• Commissioner for Cooperative Registration

The cooperative movement traces its origins from:

• England

• France

• Spain

• Germany

The SACCO Societies Act was passed in which year?

• 2004

• 2010

• 2018

• 2008

The members of a Co-operative Society have

• Cooperative liability

• Limited or unlimited liability

• Joint and Several liability

• Joint liability