Cooperative Code of the Philippines

Answer No. Statement

D 1 It shall mean the full membership of the cooperative duly

assembled for the purpose of exercising all he rights and
performing all the obligations pertaining to cooperatives.

A. MEMBER

B. REPRESENTATIVE

C. COMMITTEE

D. GENERAL ASSEMBLY

C 2 Which of the following is not a purpose of a cooperative?

A. TO ENCOURAGE AMONG MEMBERS SYSTEMATIC PRODUCTION AND

MARKETING.

B. TO DEVELOP EXPERTISE AND SKILLS AMONG ITS MEMBERS.

C. TO PROVIDE OPTIMUM SOCIAL AND ECONOMIC BENEFITS TO ITS

MEMBER ITS MEMBERS.

D. TO INSURE AGAINST LOSSES OF THE MEMBERS.

A 3 What is the liability of a cooperative registered under

the Philippine cooperative code?

LIMITED

UNLIMITED

SEPARATE AND DISTINCT

GENERAL

C 4 What membership seminar shall a prospective member of

primary cooperative complete before organizing a
cooperative?

PRIMARY MEMBER EDUCATION SEMINAR

MEMBERSHIP EDUCATION SEMINAR OF THE PHILIPPINES

PRE-MEMBERSHIP EDUCATION SEMINAR

MEMBERSHIP SEMINAR IS NOT NEEDED TO ORGANIZE A

COOPERATIVE.
Answer No. Statement

C 5 It is one which engages in the supply of production inputs

to member and markets their product.

SERVICE COOPERATIVE

CONSUMERS COOPERATIVE

MARKETING COOPERATIVE

PRODUCERS COOPERATIVE

D 6 What cooperative principle states that members contribute

equitably to, and democracy control the capital of their
cooperatives?

VOLUNTARY AND OPEN MEMBERSHIP

AUTONOMY AND INDEPENDENCE

DEMOCRATIVE MEMBER CONTROL

MEMBER ECONOMIC PARTICIPATION

B 7 It is a cooperative principle, which states that if

cooperatives enter into agreements with other
organizations, including government, or raise capital from
external sources, they shall do so on terms that ensure
democratic control of their members and maintain the
cooperative autonomy.

VOLUNTARY AND OPEN MEMBERSHIP

AUTONOMY AND INDEPENDENCE

DEMOCRATIVE MEMBER CONTROL

MEMBER ECONOMIC PARTICIPATION

B 8 It is the body of cooperative principles adhered to

worldwide by cooperatives.

PHILIPPINE COOPERATIVE CODE

UNIVERSALLY ACCEPTED PRINCIPLES

GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

ARTICLES OF COOPERATION

A 9 Which of the following is one of the cooperative powers

Answer No. Statement

and capacities of a cooperative?

TO ENTER INTO DIVISION, MERGER OR CONSOLIDATION

TO THE INCLUSIVE USE OF ITS REGISTERED NAME, TO SUE AND

BE SUED

TO ADVOCATE FOR THE CAUSE OF THE COOPERATIVE MOVEMENTS

TO ESTABLISH, OWN; LEASE OR OPERATE COOPERATIVE BANKS,

COOPERATIVE WHOLESALE AND RETAIL COMPLEXES, INSURANCE
AND INDUSTRIAL INDUSTRIES

C 10 Which of the following is the primary objective of every

cooperative?

TO ENCOURAGE THRIFT AND SAVINGS MOBILIZATION AMONG THE

MEMBERS

TO PROVIDE OPTIMUM AND SOCIAL AND ECONOMIC BENEFITS TO

ITS MEMBERS

TO HELP IMPROVE THE QUALITY OF LIFE OF ITS MEMBERS

TO ADVOCATE FOR THE CAUSE OF COOPERATIVE MOVEMENTS

B 11 When may a single-purpose cooperative transform into a

multi-purpose cooperative?

AFTER 5 YEARS OF OPERATIONS

AFTER 2 YEARS OF OPERATIONS

AFTER 50 YEARS OF OPERATIONS

AFTER 3 YEARS OF OPERATIONS

D 12 Which of the following is not included in the Articles of

Cooperation?

THE NAME OF THE COOPERATIVE WITH THE WORD “COOPERATIVE”

THE TERM AND EXISTENCE OF THE COOPERATIVE

THE COMMON BOND OF MEMBERSHIP

THE AREA OF OPERATION AND THE POSTAL ADDRESSES OF ITS

SUBSIDIARIES

A 13 For how what percentage shall the authorized share capital

Answer No. Statement

be subscribed?

NOT LESS THAN 25%

AT LEAST 20%

AT LEAST 20% BUT NOT MORE THAN 25%

NOT MORE THAN 30%

A 14 Which of the following is included in the Bylaws of a

cooperative?

THE MODE OF CUSTODY AND OF INVESTMENT OF NET SURPLUS

THE LIST OF THE NAMES OF DIRECTORS

THE ARTICLES OF COOPERATION

THE AMOUNT OF ITS SHARE CAPITAL

C 15 When can a cooperative acquire juridical personality?

AFTER ISSUANCE OF THE BYLAWS

AFTER ISSUANCE OF THE BYLAWS AND ARTICLES OF

COOPERATION

AT THE ISSUANCE OF CERTIFICATE OF REGISTRATION

AT THE COMMENCEMENT DATE OF OPERATIONS

B 16 It is a conclusive evidence that a cooperative is duly

registered unless it is proved to be cancelled.

BYLAWS AND ARTICLES OF COOPERATION

CERTIFICATE OF REGISTRATION

ARTICLES OF COOPERATION

BYLAWS

C 17 Which of the following is an incorrect statement regarding

merger and consolidation of cooperatives?

TWO OR MORE COOPERATIVES MAY MERGE INTO A SINGLE

COOPERATIVE WHICH SHALL EITHER BE ONE OF THE CONSTITUENT
COOPERATIVES OR THE CONSOLIDATED COOPERATIVE
Answer No. Statement

UPON MERGER AND CONSOLIDATION, THE SURVIVING OR

CONSOLIDATED COOPERATIVE SHALL POSSESS ALL THE RIGHTS,
PRIVILEGES, IMMUNITIES AND FRANCHISES OF EACH OF THE
CONSTITUENT COOPERATIVES

IN CASE OF MERGER, THE CONSTITUENT COOPERATIVE SHALL BE

THE CONSOLIDATED OR SURVIVING COOPERATIVE

NO MERGER OR CONSOLIDATION SHALL BE VALID IF ONLY ¼ OF THE

MEMBERS VOTE FOR SUCH

D 18 It is one organized for the primary purpose of owning and

operating licensed educational institutions.

SERVICE COOPERATIVE

ADVOCACY COOPERATIVE

MULTIPURPOSE COOPERATIVE

EDUCATION COOPERATIVE

B 19 How are cooperatives organized in terms of territory?

ACCORDING TO THE PRODUCTS AND SERVICES OFFERED

ACCORDING TO THE AREAS OF OPERATION

PRIMARY, SECONDARY, TERTIARY

NATURAL OR JURIDICAL

D 20 All of the following are functions of the Federation of

Cooperatives except:

TO ENCOURAGE, CARRY ON, AND ASSIST EDUCATION AND

ADVISORY WORK RELATING TO ITS MEMBERS

TO COORDINATE AND FACILITATE THE ACTIVITIES OF ITS

MEMBER COOPERATIVES

TO RENDER SERVICES DESIGNED TO ENCOURAGE SIMPLICITY,

EFFICIENCY, AND ECONOMY IN THE CONDUCT OF BUSINESS OF
ITS MEMBER COOPERATIVES

TO UNDERTAKE ANY AND ALL OTHER ACTIVITIES FOR THE

EFFECTIVE AND EFFICIENT IMPLEMENTATION OF SUCH
ACTIVITIES
Answer No. Statement

B 21 What are the kinds of membership for cooperatives?

JURIDICAL OR NATIONAL

REGULAR AND ASSOCIATE

PRIMARY, SECONDARY, TERTIARY

UNION AND FEDERATION

C 22 These are cooperatives organized by minors which must be

afflicted with a registered cooperative.

JUVENILE COOPERATIVES

SPECIAL COOPERATIVES

LABORATORY COOPERATIVES

EDUCATION COOPERATIVES

C 23 These cooperatives according to voting system have one

vote and as many incentive votes in the bylaws but not
exceeding 5 votes.

PRIMARY

NATURAL

SECONDARY

REGULAR OR ASSOCIATE

A 24 It refers to three or more primary, cooperatives, doing

the same kind of business.

SUBSIDIARY COOPERATIVE

MULTIPURPOSE COOPERATIVE

SURVIVING COOPERATIVE

CONSOLIDATED COOPERATIVE

B 25 It is one organized for the purpose of providing a wide of

range of financial services to cooperatives and engaging
in savings and credit services and other financial
services.
Answer No. Statement

COOPERATIVE BANK

MULTIPURPOSE COOPERATIVE

FINANCIAL COOPERATIVE

CREDIT COOPERATIVE