COOPERATIVE

FQ 01 – COOPERATIVES
SALAPARE, CHARLENE
Spin is a member of a cooperative who does not patronized the service of the cooperatives which he is a part of for
unreasonable period of time. Can Spin's membership be terminated because of his choice of not patronizing the
services of the cooperative?
A. Yes because membership in the cooperative may be terminated when a member has not patronized any of the
services of the cooperative for an unreasonable period of time as may be previously determined by the board of
director.
B. No, because he has a choice of not patronizing the services of the cooperative.
C. Yes, because it not fair for the cooperative if the member is not patronizing their services.
D. No, because he do whatever he wants to do.
ANSWER: A
FQ 2 - Cooperatives
GARAY, STEPHANIE
SVG Cooperative passes their application requirements to the Cooperative Development Authority to register their
organization as a Cooperative. The Authority denied their application on the 58th day from the the filing. SVG
Cooperative appeal for the denial to the Office of the President. On the 91th day after filing, there is still no update
from the Office of the President. What will happen to the application?
A. The application is deemed approved
B. The application is denied as there is no approval of the Office of the President
C. The application is cancelled
D. SVG Cooperative should file another appeal to the Authority
ANSWER: A
FQ 03- COOPERATIVE
CABAN, CINDY
Read the following statements and determine which of the choices are correct:
Statement 1: A single-purpose cooperative may transform into a MULTI-PURPOSE cooperative or may create
SUBSIDIARIES only AFTER ONE (1) YEAR of operations.
Statement ll: While the minimum paid-up share capital in terms of value is P15,000, the minimum paid up share
capital when it comes to multi-purpose cooperatives is P100,000. Nevertheless, both amounts must be at least 25%
of the subscribed share capital.
a. Both statements are true
b. Both statements are false
c. Only statement l is true
d. Only statement l is false
ANSWER: D
FQ 04- COOPERATIVE
SARDONA, RONALD
What is the quorum necessary for the validity of meeting of Board of Directors of cooperative bank?
A. At least majority of the members of the Board unless the bylaws provide otherwise
B. One-half plus one of all the members of the board of directors
C. At least ¾ of the members of the Board unless the bylaws provide otherwise
D. At least 2/3 of the members of the Board unless the bylaws provide otherwise

ANSWER: B
FQ 05- COOPERATIVE
DIMAYUGA, NICOLE
Which of the following is an invalid cooperative name?
a. Ilocos Farmers Development Cooperative
 COOPERATIVE
b. ISABELA ELECTRIC COOPERATIVE (Iselco)
c. Both A & B
d. None of the above
ANSWER: C
FQ- 06 Cooperative
CAPINDING, DOMINIQUE
Aling Matrona, a 59 year old widow, wanted to join the XYZ Cooperative. Upon the process of her application for the
registration, the Cooperative Development Authority denied the papers. What can be the remedy used by the
applicant?
a. The applicant may appeal to the Office of the President within 90 days from receipt of the notice of denial,
provided that the failure on the part of the Office of the President to act on the appeal within 90 days from the filling
thereof shall mean the approval of the application.
b. The applicant must consult a general assembly meeting of the cooperative wherein her application shall be valid
upon the approval of a one-fourths (1/4) vote of all the members with voting rights, present and constituting a
quorum of each of the constituent cooperatives.
c. The applicant is deemed denied and has no right for processing the application.
d. None of the above.
ANSWER: A
FQ 07 - COOPERATIVE
PERIABRAS, MICHELLE
What other documents have to be submitted to CDA for purposes of the registration of a cooperative?
A. Financial statements
B. Economic survey
C. Certificate
D. Articles of Cooperation and bylaws
(A) B. Economic survey
FQ 08 -COOPERATIVE
ANDAL, VERNADETTE
The general assembly shall have the following exclusive powers which cannot be delegate, except:
A. To determine and approve amendments to the article of cooperation and bylaws.
B To insure against losses of the members
C. To elect and appoint the members of the board of directors and to remove them for cause. However, in the case
of the electric cooperatives registered under this Code, election of the members of the board shall be held in
accordance with its bylaws or election guideline of such electric cooperative.
D. To approve developmental plans of the cooperative.
ANSWER: B
FQ 9 – COOPERATIVES
AGUILA, JAN DARYLL
Membership in the cooperative may be terminated by a vote of the majority of all the members of the board of
directors for any of the following causes except :
a. When a member has continuously failed to comply with his obligations.
b. When a member has acted in violations of the bylaws and the rules of the cooperative.
c. When a member has patronized any of the services of the cooperative for reasonable period of time as may be
previously determined by the board of directors.
d. For any act or omission injuries or prejudicial to the interest or the welfare of the cooperative.
ANSWER: C
FQ-10 COOPERATIVES
VILLARAMA, RON III
 COOPERATIVE
Romuldo Gutierrez is one of the board of directors from Shangrila Cooperative. His term has already expired leaving
a vacancy to his former position. The appointment for the new board of director undergo a voting process.
I. The Board of directors are allowed to vote upon choosing a new member for the board.
II. Majority of all the members with voting rights, present and constituting a quorom will elect a new member of the
board.
a. Only I is true.
b. Only II is true.
c. I and II are true.
d. I and II are false.
ANSWER: B
FQ 11 - COOPERATIVE
ROXAS, KYLA
Rose joined a laboratory cooperative when she was 15 for the purpose of training herself to be prepared for
membeship in regular cooperatives. She turned 18 last month. Is she still qualified as a member of a laboratory
cooperative?
A. Yes, because she was a minor when she entered the laboratory cooperative
B. Yes, because it is a lifetime membership
C. No, because she already reached the age of 18
D. No, because it requires renewal
ANSWER: C
FQ 12 - COOPERATIVES
MANALO, NICOLE
A group of individuals desired to organize as a cooperative with an authorized share capital of P200,000. How much
is the minimum subscription and the minimum paid-up capital required?
A. P50,000; P12,500
B. P50,000; P15,000
C. P100,000; P25,000
D. P100,000; P50,000
ANSWER:A
FQ 13 - COOPERATIVE
MIGUEL, KRISTELLE DAINE
Determine which of the following statements are correct regarding government officers and employees:
Statement I: An officer or employee of the Authority cannot be elected or appointed to any position in a cooperative.
Statement II: All elective officials of the Government are not allowed to become a member in a cooperative.
Statement III: An officer or employee of the Authorithy can be a member of a cooperative.
Statement IV: All elective officials of the Government are ineligible to become officers and directors of cooperative.
A. I, II, and III are correct
B. I, III, and IV are correct
C. Only I is correct
D. Only II is correct
ANSWER: B
FQ 14 - COOPERATIVE
CATONER, COREEN
Upon the winding up of the cooperative affairs, any asset distributable to any creditor, shareholder, or member who
is unknown or cannot be found shall be given to the:
A. government
B. trustee
C. any federation or union
D. federation or union to which the cooperative is affiliated with.
 COOPERATIVE
ANSWER: D
FQ 15- COOPERATIVES
MATIRA, VANESSA
The majority of all the members of the board of directors in KOOP NA NAMAN, wants to terminate the membership
of Ahr-jay because he is no longer patronizing the services of the cooperative for an unreasonable period of time. Is
this valid?
a. No, because board of directors doesn't have any power over the member.
b. Yes, because the reason is acceptable by law.
c. No, it should be the general assembly, not the board of directors.
d. Yes, the reason is not acceptable by law, but the board of directors is the highest policy-making body.
ANSWER:B
FQ 16 – COOPERATIVES
GALVEZ, NINA
A group of individuals wanted to organize a multi-purpose cooperative with an Authorized Capital Share of
P1,500,000. How much be the minimum subscription and minimum paid-up capital required?
A. P375,000; P93,750
B. P375,000; P100,000
C. P750,000; P187,500
D. P750,000; P375,000
ANSWER: B
FQ 17- COOPERATIVES
GARCIA, MARIELLE
The members of XYZ Cooperative and ABC Cooperative are planning to consolidate the two constituent cooperative.
In separate general assembly, 3/4 of the members of each cooperative approved the consolidation and after filling
to authority, issued a certificate of consolidation. Which statement is correct,?
A. ABC Cooperative will be remain and XYZ cooperative will be absorb.
B. XYZ Cooperative will be remain and ABC cooperative will be absorb.
C. The separate existence XYZ and ABC Cooperative will cease and a new cooperative will come into existence which
is the consolidated cooperative.
D. If XYZ Cooperative has a greater number of member, it will absorb ABC Cooperative and if ABC has a greater
number, it will absorb the XYZ Cooperative.
ANSWER:C
FQ 18 - COOPERATIVES
ANONUEVO, VINCENT
ALIW Cooperatives, is an organization operating in Lucena City. Is ALIW Coop, required to submit a list of officers
and completed trainings undertaken as their regular report?
A. Yes
B. No
C. It depends
D. Maybe
ANSWER:A
FQ 19 - COOPERATIVES
OBAL, JENNELYN
Read the following statements and determine which of these statements is/are correct:
Statement l: Contracts executed between private persons and cooperatives prior to the registration of the
cooperative shall remain valid and binding between the parties and upon registration of the cooperative.
Statement 2: In the case of members of secondary or tertiary cooperatives, they shall have one (1) basic vote and as
many incentive votes as provided for in the bylaws and may exceed five (5) votes.
A. Both statements are true.
 COOPERATIVE
B. Both statements are false.
C. Statement 1 is true, statement 2 is false
D. Statement 1 is false, statement 2 is true
ANSWER: C
FQ 19 Cooperatives
AREVALO, MICHAEL
What are the powers of the board of directors in a cooperative?
A. Strategic planning, direction-setting and policy-formulation of the cooperatives.
B. Board of directors shall be the highest policy-making body of the cooperative.
C. Solely to determine and approve amendments to the articles of cooperation and bylaws.
D. To elect or appoint the members of the board of directors, and to remove them for cause.
ANSWER:A
FQ 21 - Cooperative
GO, STEFALIE
Ronald Murillo the director of RMS Cooperative associate with KBS Cooperative to an opportunity that will help the
cooperative to earn greater profit. The officers and members of RMS Cooperative without any knowledge that
Ronald have been keeping all the profit by himself. Is Ronald liable to the cooperative?

A. No, Ronald was not liable as he communicated with KBS Cooperative for his own benefit and outside his position
as director.
B. Yes, Ronald will be liable to RMS cooperative because he acquires for himself the opportunity that should belong
to the cooperative.
C. Yes, Ronald will be liable for damages and should double the profit by refunding the same.
D. Either B and C.
ANSWER: D
FQ 22- COOPERATIVES
BATOCABE, CLEO
On January 1, 2019, Jasmine, Rapunzel, and Elsa came to an agreement to organize a cooperative. They submitted
the Articles of Cooperation to the Cooperative Development Authority on March 31, 2019 and the Authority issued
a Certificate of Registration under its official seal on April 30, 2019. The parties commenced commercial operations
on May 15, 2019. On what date did the Cooperative acquired separate juridical personality?
A. January 1, 2019
B. March 31, 2019
C. April 30, 2019
D. May 15, 2019
ANSWER: C
FQ 23 - COOPERATIVES
FERRER, JULLIE
XYZ Cooperative held a meeting and 120 members attended the said meeting. Half of them have a voting rights.
What is the quorum to constitute a meeting?
A. 25
B. 15
C. 20
D. 30
ANSWER: B
FQ 24- Cooperatives
GARCIA, JOHNYDEL
Which of the following are included in the cooperative principles?
I. Concern for Community
 COOPERATIVE
II. Strictly for Rich personality
III. Voluntary and Open Membership
IV. Democrative Member Control
A. I, III, IV
B. I ,II, III
C. None of the above
D. All of the above
ANSWER: A
FQ 25 - COOPERATIVE
ROCES, JOANN KRISTINE MAE
Which of the following can a cooperative derive their capital?

I. Member's share capital

II. Loans and borrowings including deposits
III. Member's private property
IV. Revolving Capital
A. I and II only
B. II, III, and IV
C. I, II and IV
D. III and IV only
ANSWER:C
FQ 26- COOPERATIVES
ABUSMAN, JOHN KENNETH
On Jan. 1, 2018, a group of individuals came to an agreement to organize a cooperative. They submitted the Articles
of Cooperation to the Cooperative Development Authority on March 31, 2018 and the Authority issued a Certificate
of Registration under its official seal on April 30, 2018. The parties commenced commercial operations on May 15,
2018. On what date did the cooperative acquired separate juridical personality?
A. January 1, 2018
B. March 31, 2018
C. April 30, 2018
D. May 15, 2018
ANSWER:C
FQ 27 - COOPERATIVE
FLANCIA, ABIGAEL
All of the following are objectives and goals of a Cooperative. Except:
(A) Provide only optimum social and not economic benefits to its members
(B) Teach them efficient ways of doing things in a cooperative manner
(C) Propagate cooperative practices and new ideas in business and management
(D) Cooperate with the government, other cooperatives and people-oriented organizations to further the attainment
of any of the foregoing objectives.
ANSWER:A
FQ 28 - COOPERATIVES
GIRON, JAN ALFRED
Joseph, a director of the cooperative has been removed by the General Assembly due to a certain cause and
subsequently, Nestor has been elected as a director to fill the vacancy of his predecessor. How long does Nestor will
serve as one of the member of the Board of Directors?
a. Only to the unexpired terms of Joseph
b. Two years right after his appointment
c. The unexpired portion of Joseph's term and another two years
 COOPERATIVE
d. None of the above
ANSWER: A
FQ 27 - COOPERATIVE
LOCREO, DANIELA
Which of the following is not a purpose of a Cooperative unions?

A. To develop the cooperative movement in their respective jurisdictions;

B. To do and perform such other non-business activities as may be necessary to attain the foregoing objectives.
C. To enter into joint ventures with national or international cooperatives of other countries in the manufacture and
sale of products and/or services in the Philippines and abroad
D. To sponsor studies in the economic, legal, financial, social and other phases of cooperation, and publish the results
thereof
ASNWER: C
FQ 30 – Cooperative
SALVADOR, PATRICK
Which of the following statements is/are true regarding the termination of the membership in a cooperative?
Statement I: The death, insanity, insolvency or dissolution of a member shall be considered an automatic termination
of membership.
Statement II: A member of a cooperative may, for any reason, withdraw his membership from the cooperative by
giving a sixty (60) day notice to the board of directors.
Statement III: The membership can be terminated when a member has acted in violation of the bylaws and the rules
of the cooperative.
Statement IV: The membership can be terminated for any act or omission injurious or prejudicial or the interest or
the welfare of the cooperative.
A.I and II only
B. II and III only
C. I, II, and III only
D. All of the above
ANSWER: D
FQ 31 Cooperatives
MARTINEZ, CHRISTINE
Which of the following statements are true about the effects of merger or consolidation of cooperatives?
(I) The constituent cooperatives shall become a single cooperative which, in case of merger, shall be the consolidated
cooperative, and, in case of consolidation, shall be the surviving cooperative.
(II) The separate existence of the constituent cooperatives shall cease, except that of the surviving or the
consolidated cooperative.
(III) The surviving or the consolidated cooperative shall possess all the assets, rights, privileges, immunities and
franchises of each of the constituent cooperatives.
a. Statements I and II are correct
b. Statements I and III are correct
c. Statements II and III are correct
d. All of the statements are correct
ANSWER: C
FQ 32 - Cooperatives
SOMBILLA, TRISTAN JOSH
J cooperatives was registered as a primary cooperative having 13 members only. J cooperatives was desperately
finding new members. Unfortunately, after a year of operation J cooperatives did not gain new members and CDA
found out that J cooperatives have 13 members only. What will happen to J cooperatives?
A. J cooperatives will pay fines and able to continue its operation.
 COOPERATIVE
B. J cooperatives will be dissolved.
C. J cooperatives will able to continue its operation.
D. None of the above.
ANSWER: B
FQ 33 COOPERATIVES
CAPUNO, LADY KAYLA
Which statement is correct?
Statement I: 2 votes for primary cooperative and more than 5 incentive votes for secondary and tertiary cooperatives
Statement II: 1 vote for primary cooperative and more than 5 incentive votes for secondary and tertiary cooperatives
Statement III: 2 votes for primary cooperative and a maximum of 5 incentive votes for secondary and tertiary
cooperatives
Statement IV: 1 vote for primary cooperative and a maximum of 5 incentive votes for secondary and tertiary
cooperatives
A. II only
B. IV only
C. I and III
D. II and IV
ANSWER: B
FQ 34 – COOPERATIVES
DE GUZMAN, CHARLENE
A type of coop that caters different services such as lending, savings, marketing, etc.
A.) Multi-purpose Cooperative
B.) Producers Cooperative
C.) Credit Cooperative
D.) Producers Cooperative
ANSWER: A
FQ 35 - COOPERATIVES
RAMOS, YSA
Which of the following is included to must conduct affairs by every cooperative in accordance to universally accepted
principles of cooperation?
I. Voluntary and Open Membership
II. Democrative Member Control
III. Member Economic Participation
IV. Cooperation Among Cooperatives
a. II only
b. II and IV only
c. I, II and III only
d. All of the above

ANSWER:D

AGUILAR, ANNE JONETTE V.

Which of the following statements is/are correct about merger and consolidation of cooperatives?
I. Two (2) or more cooperatives may merge into a single cooperative which shall either be one of the constituent
cooperatives or the consolidated cooperative.
II. No merger or consolidation shall be valid unless approved by a one-half (1/2) vote of all the members with
voting rights, present and constituting a quorum of each of the constituent cooperatives at separate general
 COOPERATIVE
assembly meetings. The dissenting members shall have the right to exercise their right to withdraw their
membership pursuant to Article 30.
a. I only
b. II only
c. Both I and II
d. Neither I nor II
A: A
ANILAO, ELIJAH JOYCE M.
There are five sits in the Board of Directors of JTC Cooperative. One sit is vacant due to term expiration of such
director. How shall the vacancy be filled-up?
A. By remaining directors only
B. By general assembly only
C. Either A or B
D. Neither A nor B
A: B
AQUINO, ERIKA JOY L.
I. Fifteen (15) or more juridical or natural persins who are Filipino Citizens, of legal age, having a common bond of
interest and are actually residing or working in the intemded area of operation, may organize a primary
cooperative.
II. Prospective member of a primary cooperative must have completed a Pre-Membership Education Seminar
(PMES)
A. Only I is true
B. Only II is true
C. Both are true
D. Both are false.
A: B
ARANILLA, CAREN JOY D.
When did an applicant for membership in a cooperative deemed to be a member?
a. When the application has been submitted to the Board of Directors.
b. When the application has been approved by the Board of Directors.
c. When the applicant made payments for the membership.
d. When he represents himself as a member.
A: B

BASE, CRISSA MAE A.

l.Any officer or employee of the Authority is qualified to be elected or appointed to any position in a cooperative.

ll.All elective officials of the Government shall be ineligible to become officers and directors of cooperatives.

Statement I is true; Statement II is false

Statement I is false; Statement II is true
Both are true
Both are false
COMISO, JR., RICARDO B.
The primary objective of every cooperative is to help improve the quality of life of its members. Towards this end,
the cooperative shall aim to:
a. Provide goods and services to its members to enable them to attain increased income, savings, investments,
productivity, and purchasing power, and promote among themselves equitable distribution of net surplus through
maximum utilization of economies of scale, cost-sharing and risk-sharing
b. Cooperate with the government, other cooperatives and people-oriented organizations to further the
attainment of any of the foregoing objectives.
c. Teach them efficient ways of doing things in a cooperative manner
 COOPERATIVE
d. All of the above
A: D
DAVILA, JOHN BRAIN A.
In Iron Cap Cooperative, the board is composed of: Janine as the Chairperson, Christine as the Vice Chairperson
and, Jericho, Jezel, Josiah, Regina, Wences, Wencelle, Pia, Princess, Veronica and Angeli are the other directors of
the cooperative. If Pia cannot attend a board meeting, can Gelyn attend as a proxy of Pia?
A. Yes, If Gelyn is a relative of Pia.
B. Yes, If Gelyn is the personal attorney of Pia.
C. Yes, if Gelyn is known by the other directors.
D. No, Gelyn cannot attend as a proxy of Pia.
A: D
DE LEON, THEODORE EBELLO A.
It means the operative act granting juridical personality to a proposed cooperative and is evidenced by a certificate
of registration.
A. Incorporation
B. Dissolution
C. REgistration
D. Winding up
A: C
DE ROSAS, JOHN BRIEN F.
The following statements are included to the function/s of a federation of cooperative:
I.To carry on, encourage, and assist educational and advisory work relating to its member cooperatives
II.To render services designed to encourage simplicity, efficiency, and economy in the conduct of the business of its
member cooperatives and to facilitate the implementation of their bookkeeping, accounting, and other systems
and procedures
III.To acquire, analyze, and disseminate, economic, statistical, and other information relating to its members and to
all types of cooperatives within its area of operation
a)Only statements I and III are included.
b)Only statements I and II are included.
c)Only statements II and III are included
d)All of the statements are included.
A: B
DIALA, MARY JOY L.
Barry is an associate member in the cooperative. Which of the following statements is not true?
A. Barry can vote and be voted.
B. Barry is entitled to preference in the payment of interest as provided for in the bylaws of the cooperative.
C. Common Share capital shall not be issued to Barry.
D. All of the statements are true.
A: A
EBREO, ERICA B.
Cooperative union have the following purposes, except:
A. To sponsor studies in the economic, legal, financial, social and other phases of cooperation, and publish the
results thereof
B. To promote the knowledge of cooperative principles and practices
C. To carry on, encourage, and assist educational and advisory work relating to its member cooperatives
D. To develop the cooperative movement in their respective jurisdictions
Answer : C.
ECHEVARRIA, WINCEL MAE E.
Membership in the cooperative may be terminated by a vote of the majority of all the members of the board of
directors for any of the following causes, except?

A.When a member has acted in violation of the bylaws and the rules of the cooperative.
B.When a member has continuously complied with his obligations.
 COOPERATIVE
C.When a member has not patronized any of the services of the cooperative for an unreasonable period of time as
may be previously determined by the board of directors.
D.For any act or omission injurious or prejudicial to the interest or the welfare of the cooperative.
A: B
FORMAREJO, CHRISTINE S.
Tin Cute is a cooperative registered under republic act no. 9520.Which is true about their powers, rights and
capacities?
A.To sue and be sued
B.To sue only
C.To be sued only
D.It depends
Answer:A
GARBIDA, JANE CARLA C.
When does a corporation acquire its juridical personality?
A.upon issuance of certificate of registration under the Authority’s unofficial seal
B.upon isssuance of certificate of registration under the Authority’s official seal.
C.upon filing of articles of incorporation
D.upon completing the by-laws
A: B
GONO, ROUBELYN A.
A cooperative that is organized for the primary purpose of providing a wide range of financial services to
cooperatives and their members is:
A. Cooperative Bank
B. Credit Cooperative
C. Financial Service Cooperative
D. Service Cooperative
A: A
HUERTAZUELA, ARA B.
If the member of cooperative dies, what will happen to his share?
A. The directors will be entitled to his shares
B. The remaining members will be entitled to the share
C. The heir of the dead member will be entitled to his share
D. Nothing will happened
A: C
LINGCORAN, JAIRA KYLA M.
The following may be the powers, rights and capacities of a cooperative:
I. Exclusive use of its registered name, to sue and not be sued
II. Succession
III. To amend its articles of incorporation not in accordance with the Philippine Cooperative Code.
IV. To form subsidiary cooperatives and join federations or unions
Which of the following is incorrect?
A. II and IV
B. II and III
C. I and III
D. I and IV
A: C
MAGSOMBOL, RHEALYN R.
The board of directors shall composed not less than five(5) nor more than fifteen (15) members elected bt hte
general assembly and has the term of:
a. 4 years
b. 6 years
c. 2 years
d. 1 year
 COOPERATIVE
Answer : C
MARAÑO, DONITA MAE P.
What is the liability of director or officer, or an associate of a director or officer, who, for his benefit or advantage
or that of an associate, make use of confidential information that, if generally known, might reasonably be
expected to adversely affect the operation and viability of the cooperative?
A. Such director or officer shall be liable to compensate the cooperative for the direct losses suffered by the
cooperative as a result of the illegal use of information
B. Such director or officer shall be accountable to the cooperative for any direct benefit or advantage received or
yet to be received by him or his associate, as a result of the transaction.
C. Both A and B
D. Neither A nor B
A: C. Both A and B.
MENDOZA, VINCE MICHAEL L.
A contract entered into by the cooperative with one or more of its directors, officers, and committee is
voidable. However, there are condition that will make it valid except;
A.Presence of such director in the board meeting wherein contract was approved was not necessary to constitute
a quorum for such meeting.
B.The vote of such director was not necessary for the approval of the contract.
C.The contract is fair and reasonable under the circumstances.
D.All of them will make it valid
MERCADO, ANGELO T.
A member shall have the right to examine the records required to be kept by the cooperative during reasonable
hours on business days and he may demand, in writing, for a copy of the excerpts from the said records without
charge except the cost of production. What are the legal implications of refusal by the officer to allow a member to
exercise this right?
A. Such officer shall be liable to such member for damages.
B. Such officer shall be guilty of offense punishable by Cooperative Code.
C. Both A and B.
D. Neither A nor B.
A: C
PAGANA, FIONALYN F.
All of the following are purposes of cooperatives, except
A. To encourage thrift and savings mobilization among the members
B. To generate funds and extend credit to the members for productive and provident purposes
C. To encourage among members systematic production only
D. To provide goods and services and other requirements to the members
A: C
PENTINIO, ANGEL M.
Which one of the following is correct about the membership in a cooperative?
I. An associate who meets the minimum requirements of regular membership, continues to patronize the
cooperative for two (2) years, and signifies his/her intention to remain a member shall be considered a regular
member.
II. A cooperative organized by minors may not be affiliated with a registered cooperative.
A. Only statement I is true.
B. Only statement II is true.
C. Both statement are true.
D. Both statement are false.
A: A
RED, TRISHA MAE D.
Objectives and Goals of a Cooperative:
I. Provide optimum social and economic benefits to its members.
II.Allow the higher income and less privileged groups to increase their ownership in the wealth of the nation.
 COOPERATIVE
A. Statement I is true, while statement II is false.
B.Statement I is false, while statement II is true.
C. Both statement is true.
D. Both statement is false.
A: A
RESTITUTO, EVE JEREMY Q.
Cooperative, other than a cooperative union, will not be registered unless their articles of cooperation is
accompanied with:
I. Bonds of accountable officers
II. Sworn statements of the auditor elected by the subscribers
III. Statements sworn by the elected treasurer of the subscribers
IV. By-laws of the cooperstive
V. A copy of the general statement
Which documents shall accompany the Articles of Cooperation?
a. I only
b. II, III, V
c. I, III
d. I, III, IV
FINAL ANSWER: C
URSOLINO, JOHNPOL B.
Provided in the REPUBLIC ACT 9520 or "PHILIPPINE COOPERATIVE CODE OF 2008", which among the following
definition is incorrect?
Member includes a person either natural or juridical who adhering to the principles set forth in this Code and in
the Articles of Cooperative, has been admitted by the cooperative as member;
General Assembly shall mean that body entrusted with the management of the affairs of the cooperative under its
articles of cooperation and bylaws;
Board of Directors shall mean the full membership of the cooperative duly assembled for the purpose of exercising
all the rights and performing all the obligations pertaining to cooperatives, as provided by this Code, its articles of
cooperation and bylaws: Provided, That for cooperatives with numerous and dispersed membership, the general
assembly may be composed of delegates elected by each sector, chapter or district of the cooperative in
accordance with the rules and regulations of the Cooperative Development Authority;
Committee shall refer to anybody entrusted with specific functions and responsibilities under the bylaws or
resolution of the general assembly or the board of directors;
Articles of Cooperation means the articles of cooperation registered under this Code and includes a registered
amendment thereof;
Bylaws means the bylaws registered under this Code and includes any registered amendment thereof;
All of the above
V and VI
II and III
I and II
Answer C. II and III
VARGAS, FLORLIE MAE B.
It is a type of cooperative that promotes and undertakes savings and lending services among its members and
generates a common pool of funds in order to provide financial assistance to its members for productive and
provident purposes.
a. Multipurpose Cooperatives
b. Cooperative Bank
c. Credit Cooperative
d. Consumers Cooperative
Answer: C
VELASCO, JUAN PAULO MARIE S.
Who can be considered members of a primary cooperatives?
 COOPERATIVE
I. Natural Person
Ii. Primary Cooperatives
III. Secondary Cooperatives
IV. Tertiary Cooperatives
A) I only
B) I and II
C) I and III
D) all of the statements are true
A: A
VILLADIEGO, JIZELLE J.
Rhealyn, an associate member who wants to become a regular member of KML Cooperative, a multi-
purpose type of cooperative in Uzacat. To be considered as regular member, Rhealyn needs to:
A.meet the maximum requirements of regular membership, continues to patronize the cooperative for two (2)
years, and does not signifies her intention to remain a member.
B.meet the minimum requirements of regular membership, continues to patronize the cooperative for three (3)
years, and signifies her intention to remain a member.
C.meet the minimum requirements of regular membership, continues to patronize the cooperative for two (2)
years, and does not signifies her intention to remain a member.
D.meet the minimum requirements of regular membership, continues to patronize the cooperative for two (2)
years, and signifies her intention to remain a member.
A: D