KOOP 13th BLAST QUIZ

Question 1

a cooperative organized by minors and must be affiliated with a registered cooperative

A. multi purpose cooperative
B. Advocacy Cooperative
C. Laboratory Cooperative
D. Public Service Cooperative

Answer 1

C

Question 2

It refers to subsides, grants, donations and aids received by the cooperative from any person or institution, local, or foreign. It shall form part of the capital of the cooperative.

A. Donated Capital
B. equity
C. Capital
D. Net Donation

Answer 2

A

Question 3

Which of the following is not included in the officers of the cooperative?

A. General Manager
B. Secretary
C. Compliance Officer
D. Members of different committees

Answer 3

C

Question 4

A cooperative principle stating that cooperative work for the sustainable development of their communities through policies approved by their members.

A. Members Economic Participation
B. Autonomy and Independence
C. Voluntary and Open Membership
D. Concern for Community

Answer 4

D

Question 5

It is a body entrusted with specific functions and responsibilities under the by-laws or resolution of the general assembly or the Board of Directors.

A. Committee
B. Representative Assembly
C. Officers of the Cooperative
D. Employees of the Cooperative

Answer 5

A

Question 6

It is an office established by the cooperative outside of its principal/main officer but within its area of operation to provide limited services to its members.

A. Satellite Office
B. Issuing Extension Office
C. Regional Office
D. Cooperative Branch

Answer 6

A

Question 7

It is statutory fund set aside annually for the stability of the cooperative purposely to meet net operating losses in its operation.

A. Reserve Fund
B. Optional Fund
C. Revolving Fund
D. Statutory Fund

Answer 7

A

Question 8

What is the set of document which provides for the name of the cooperative, its purpose/s, term of existence area of cooperation, common bond of membership, list of names of directors and registrants, amount of shared capital, names of contributors and a statement whether the cooperatives is primary, secondary or tertiary.

A. By-Laws
B. Articles of Cooperation
C. Sworn Statement
D. Economic Survey

Answer 8

B

Question 9

How do you categorize cooperative which members are registered cooperatives and/or federations organized purposely to represent the interest and welfare of all types of cooperative at the city, provincial, regional, and national levels.

A. Primary Cooperative
B. Tertiary Cooperative
C. Cooperative Group
D. Cooperative Union

Answer 9

D

Question 10

In the definition of cooperative, which of the following DOES NOT pertain to its members?

A. With common bond of interest
B. Compulsory joined together
C. Make equitable contribution to the capital required.
D. Patronized their products and services

Answer 10

B

Question 11

How much accumulated reserves and undivided net savings does cooperative should have in order to be exempted from all national, city, provincial, municipal, or barangay taxes of whatever name and nature.

A. Not less that 10 million pesos
B. More than 10 million pesos
C. More than 15 million pesos
D. Not more than 10 million pesos

Answer 11

D

Question 12

What account is being used for the amount paid by the members for the capital subscription equivalent to the value less that one share, additional subscription in amendments to increase the Authorized Share Capital and the amount of share capital paid but not yet covered by subscription contract.

A. Subscribed Share Capital
B. Treasury Shares Capital
C. Deposit for Share Capital Subscription
D. Paid- up Share Capital

Answer 12

C

Question 13

This principle guarantees independence of cooperative from government interference; that government entity can provide intervention when requested by the cooperative. This principle is called_________?

A. Principle of Democratic Control
B. Principle of Cooperation among Cooperative
C. Principle of Subsidiarity
D. Principle of Independence

Answer 13

C

Question 14

In an instance that the cooperative is unable to fulfill its obligations to creditors due to insolvency, such cooperative may apply for such remedies as it may deem fit under the provisions of Act No. 1956, as amended, otherwise known as the _________________.

A. Financial Rehabilitation and Insolvency Act
B. Financial Institution Strategic Transfer (FIST) Act
C. Insolvency Law
D. Interbank Dept Relief Program

Answer 14

C

Question 15

any cooperative engaged in lending/credit must come up with loan policies to make the true and effective cost of borrowing in compliance with the provisions of RA 3765.
This Act is called__________________?

A. Tax Incentives Management and Transparency Act.
B. Credit Information System Act (CISA)
C. Annual Tax Incentives Report (ATIR)
D. Truth in Lending Act

Answer 15

D

Question 16

It is the fund generated from the contributions of well capitalized and well managed members cooperatives/NGO, LGUs, GFIs, and other institutions/ government agencies which shall serve as security cover for the loans obtained by qualified borrowers from lending banks in lieu of hard collaterals

A. Guarantee Fund
B. Credit Surety Fund
C. Maharlika fund
D. Provident Fund

Answer 16

B

Question 17

This is multi-sectoral body which provides a system as regards to policy monitoring, consultation, and coordination of cooperative programs and projects and organized at the municipal, city, provincial, regional, national levels. What do you call this body under the supervision of CDA

A. Cooperative Development Office
B. Union and Federation
C. Cooperative Development Council
D. Sectoral Apex Organization

Answer 17

C

Question 18

In the social audit of cooperatives what is the process monitoring, analyzing and evaluating the intended and unintended social outcome / result, both positive and negative as well as the planned interventions.

Answer 18

Social Impact Assessment

Question 19

In 2020, the CDA adopted a web-based information system that provides an online platform for cooperative name reservation, amendments and recognition of branch/satellite/laboratory coops. This is the so-called E-CoopRIS; this abbreviation stands for _________________?

Answer 19

Electronic Cooperative Registration Information System

Question 19

This is the number of years required for experience in coop organization and management of any applicant to the position of the Cooperatives Development Officer in the provincial level. How many years are required?

Answer 19

5 years

Question 20

The registered cooperatives are clustered into six; each cluster shall be composed of representatives from all categories of cooperatives, and their organizations in the regional level is called Regional Clustered Organizations ( RCOs). The representatives from RCOs shall compromise the Sectoral Apex Organization (SAO). The SAO of a cluster shall represent such cluster in this entity that will function as the overall-coordinating and consultative body of cooperatives
Question: What is the body organized in the National Level?

Answer 20

National Alliance of Cooperatives

Question 21

Electric cooperatives have special provisions including registration options. They have the discretion to register which the CDA and fully enjoy the rights of a cooperative as guided by RA 9520 and/or register wit another agency which power of supervision and regulation are recognized by the authority. What is this agency?

Answer 21

National Electrification Agency (NEA)