Question QFB1 : Rochdale shop was sold based on the prevailing -------- price.
Answer: Market

Question QFB2 : The indigenous cooperatives are those forms traditional cooperation that existed before the enactment of cooperative ordinance in -------
Answer: 1935

Question QFB3 : One of the major factors that led to the collapse of the early cooperatives was to sale of the wares on ------to the members and non-members
Answer: Credit

Question QFB4 : In primary co-operatives members have -------- voting rights (one member, one vote) and cooperatives at other levels are also organized in a democratic manner where every member have equal to participate in decision making process of the cooperative.
Answer: Equal

Question QFB5 : Rochdale principle emphasized that all the profit realized from the cooperative business should not be distributed as ----------for members share capital.
Answer: Dividends

Question QFB6 : Robert Owen died in the year

Answer: 1858

Question QFB7 : Robert Owen was an utopian to the core propounding principles of ---
Answer: Cooperative

Question QFB8 : Charles Fourier was born in the year
Answer: 1772

Question QFB9 : The Rochdale Equitable Pioneers’ Society was formed by ---- members
Answer: 28

Question QFB10 : In cooperative society the extent of cooperative liability is usually ----------------to member’s equity contributions
Answer: Limited

Question QFB11 : Which Rochdale principle emphasized that all the profit realized from the cooperative business should not be distributed as dividends for members share capital?
Answer: Limited Interest on Shares

Question QFB12 : ---------is an international body set up for the promotion of co-operative ideas and spreading the principles of co-operation around the world
Answer: ICA

Question QFB13 : Which one the Rochdale cooperative principle encourages members to patronize the cooperative shop as refund payments were given to members based on the volume of their purchase?
Answer: Patronage Refund

Question QFB14 : Rochdale cooperative principles was first review by ICA in the year ----
Answer: 1937

Question QFB15 : Membership of cooperatives should be voluntary and ------------------ to everybody
Answer: Open

Question QFB16 : --------is the birthplace of co-operative credit movement in the World
Answer: Germany

Question QFB17 : Schulze believed that co-operative institutions should be run on -------lines
Answer: Business

Question QFB18 : According to the ICA, a cooperative is “an autonomous association of persons united voluntary to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled -----------------
Answer: Enterprise

Question QFB19 : Cooperation can be defined as a social process by which individuals work ----------to realize a common objective or goal
Answer: Together

Question QFB20 : A cooperative can be active in almost any field where there is a group with fairly homogeneous and common -------
Answer: Needs

Question QFB21 : All the cooperative societies that were formed before the success of Rochdale Equitable pioneers was recorded were categorized as ------
Answer: Pre Rochdale Cooperatives

Question QFB22 : Majority of the members of the Owenites Societies were not educated and this contributed significantly to the --------of the Societies.
Answer: Downfall

Question QFB23 : The democratic management and control presupposes that all members should participate ----------in the affairs of the business especially with respect to decision making
Answer: Equally

Question QFB24 : Another major factor that led to the collapse of the early cooperatives was to sale of the wares on ------to the members and non members.
Answer: Credit

Question QFB25 : ---------was the name given to the set of 28 persons that pooled their resources together and established the first successful co-operative society in the world called Rochdale society of equitable pioneers.
Answer: Rochdale Equitable Pioneers

Question QFB26 : With lessons from prior ventures in cooperation in mind, the founding members framed the now famous Rochdale Principles, and planned to follow Dr. William King’s suggestion to start with a storekeeping operation that provided self-employment to members and to grow gradually into a ------------ community
Answer: Cooperative

Question QFB27 : The Rochdale equitable pioneers decided to sell their products at the same price with the price obtainable in the ---------
Answer: Market

Question QFB28 : The Rocchdale equitable pioneers were able to keep the documents and records of their business ____
Answer: Transactions

Question QFB29 : Cooperatives are organizations that are open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious -------------
Answer: Discrimination

Question QFB30 : Co-operatives are democratic organizations controlled by their ------
Answer: Members

Question QFB31 : In primary co-operatives members have -------- voting rights (one member, one vote) and cooperatives at other levels are also organized in a democratic manner where every member have equal to participate in decision making process of the cooperative.
Answer: Equal

Question QFB32 : Rochdale principle emphasized that all the profit realized from the cooperative business should not be distributed as ----------for members share capital.
Answer: Dividends

Question QFB33 : Limited interest should be paid on share capital while the rest of profit realized should be re invested in the business while some part should be committed to members’ education and statutory --------- fund.
Answer: Reserves

Question QFB34 : Patronage Refund principle encourages members to patronize the cooperative shop as refund payments were given to members based on the volume of their --------
Answer: Purchase

Question QFB35 : Rochdale shop was sold based on the prevailing -------- price.
Answer: Market

Question QFB36 : Unlike other competitors, the Rochdale Equitable Pioneers were selling goods not only on the prevailing market price but the goods offer for sale in their shop were of the high --------
Answer: Quality

Question QFB37 : Membership of cooperatives should be -------- and ---------
Answer: voluntary and open

Question QFB38 : Concept of ----------- is the belief that one does depend on another person, group or institution to solve one’s problem but to use the wherewithal at his disposal to take action and provide solutions to his challenges
Answer: self-help

Question QFB39 : The acronym SHGs representS
Answer: Self-Help Groups

Question QFB40 : ---------are non-profit organizations independent of governments and international governmental organizations
Answer: NGOs

Question QFB41 : The cooperative societies of the pre-colonial era were largely organized in -------- nature without any form of documentation and written laws and regulations,
Answer: Informal

Question QFB42 : The year --------- marked a major era in the development of the modern cooperative in Nigeria
Answer: 1935

Question QFB43 : The cooperative ordinance created a specialized branch of the secretariat knowledgeable on --------- matters
Answer: co-operative

Question QFB44 : The ------------ of Cooperative Societies could register, audit, inspect, hold inquiries on, and settle disputes among Cooperatives. He could also liquidate unsuccessful registered cooperatives.
Answer: Registrar

Question QFB45 : -----------was the first Registrar of Co-operative Societies for Nigeria
Answer: Major Haig

Question QFB46 : The first Registrar of Co-operative Societies for Nigeria, established the Co-operative office at Moor Plantation, in ----------town
Answer: Ibadan

Question QFB47 : In August 1937, the ------- Co-operative Cocoa Sales Society became the first primary society to be registered
Answer: Gbedun

Question QFB48 : By 1943, the First Co-operative Training Institute in the Western part of the country, the Federal Co-operative College, was established in ---
Answer: Ibadan

Question QFB49 : The indigenous cooperatives are those forms traditional cooperation that existed before the enactment of cooperative ordinance in -------
Answer: 1935

Question QFB50 : Cooperative societies are considered to be business organization with primary objective of promoting their members well-being through collective owned ----------
Answer: Enterprises

Question QMC1 : Advances in agricultural techniques and practices resulted in an increased supply of food and ---------
Answer:

Question QMC2 : Majority of the members of the Owenites Societies were not educated and this contributed significantly to the --------of the Societies.
Answer:

Question QMC3 : The cooperative ordinance created a specialized branch of the secretariat knowledgeable on --------- matters
Answer:

Question QMC4 : ------------cooperative is a cooperative owned and controlled by other cooperatives
Answer:

Question QMC5 : ----------- type of Cooperatives are the cooperatives formed to perform specific duties
Answer:

Question QMC6 : Cooperative business enterprises are not liable to pay income -------
Answer:

Question QMC7 : Schulze believed that co-operative institutions should be run on -------lines
Answer:

Question QMC8 : The Rocchdale equitable pioneers were able to keep the documents and records of their business ____
Answer:

Question QMC9 : The year------ marked a major era in the development of the modern cooperative in Nigeria
Answer:

Question QMC10 : Before anyone could gain admission into a cooperative society, he or she must pay ------------------- fees
Answer:

Question QMC11 : Member --------------------represents individual member commitment to the cooperative form of business
Answer:

Question QMC12 : Which form of payment will default members of cooperative societies paid to their society?
Answer:

Question QMC13 : Which type of fund come into being only when a Cooperative society makes a surplus
Answer:

Question QMC14 : Which management function deals with the use of communication, leadership and motivation to guide subordinates towards the attainment of organizational objectives?
Answer:

Question QMC15 : Which management function is defined as phase of management process which maintains cooperatives activity within allowable limits as measured from expectation?
Answer:

Question QMC16 : The efforts to establish urban credit cooperative, however, started with a realization by Schulze of the superiority of self-help and mutual-help over ---------
Answer:

Question QMC17 : In 1850, Schulze established his first Urban credit society in his ----
Answer:

Question QMC18 : Schulze formulated some principles and published them in book written in -------
Answer:

Question QMC19 : Cooperative societies’---------------------strength depends mostly on the capital (equity) contributed by its members and loan raising capacity from the external sources.
Answer:

Question QMC20 : The Rochdale School of thoughts formulated their concepts of cooperative organization into a set of principles that cooperatives clearly needed to adhere to and apply in order to be called authentic _________
Answer:

Question QMC21 : International Co-operative Alliance (ICA) claimed and propagated these Rochdale principles to be the one and only Universal Co-operative -------
Answer:

Question QMC22 : The development of cooperatives was now seen as a component part of the building up of a network of ---------organizations
Answer:

Question QMC23 : The previously mentioned W.F. Raiffeisen was one of the central figures in the establishment and expansion of -------credit cooperatives in Germany
Answer:

Question QMC24 : In the Netherlands and Belgium the movement was led by the -----Van den Elsen and Mellaerts
Answer:

Question QMC25 : Cooperation occurs when an ---------threatens a certain number of individuals
Answer:

Question QMC26 : Cooperatives are an alternative to the ----approach of most businesses
Answer:

Question QMC27 : The history of the early cooperative movement began with the efforts made by Roberts Owen and other notable personality that champion the cause of cooperation among the --------- during industrial revolution
Answer:

Question QMC28 : 14 April 1832 Owen had published a penny paper called 
Answer:

Question QMC29 : The colonies of co-operatives of Robert Owen as an example were depending later on denominations from rich philanthropists as well as-----------.
Answer:

Question QMC30 : A Co-operative Organization is not a charitable but a __________
Answer:

Question QMC31 : Bad fortunes fell on the Co-operatives consequent on the absence and / or loss of the __________
Answer:

Question QMC32 : Owens’s co-operative workers rebelled when preferential treatment was given to the rich ------who were financing the colonies
Answer:

Question QMC33 : Another reason for failure was situation where the management and control of the cooperative business was in hands of few members which made the management and control of the cooperative__________
Answer:

Question QMC34 : It has always been the position of Co-operative students and scholars that a co-operative entity is a form of --------organization.
Answer:

Question QMC35 : Pre Rochdale cooperative stocks were sold on ---------most times because they had so much pity on their members due to hardship the members were passing through as at that time
Answer:

Question QMC36 : The business men and the factory owners were antagonistic to the idea of cooperative movement because they believed that the workers who are forming cooperative will organized themselves into association that will fight for their rights and possibly they will operate their own factory and shops which eventually ------with business men and factory owners.
Answer:

Question QMC37 : On August 15, -------- the Rochdale Equitable Pioneers’ Society was formed
Answer:

Question QMC38 : the Rochdale Equitable Pioneers’ Society was formed by ---- members
Answer:

Question QMC39 : Some members of Rochdale Equitable Pioneers were former members of ----------- co-operative colonies
Answer:

Question QMC40 : The experiences of pre Rochdale cooperative were brought to Rochdale society by the ------------__
Answer:

Question QMC41 : The cooperative education of the Rochdale Equitable pioneers was enhanced and they became more knowledgeable and equipped with effective ---------- practices
Answer:

Question QMC42 : The Rochdale equitable pioneers decided to sell their products at the same price with the price obtainable in the---------
Answer:

Question QMC43 : Anybody who subscribed to the idea and philosophy of cooperation would be admitted without ----------irrespective of race, colour, religious, sex or any other basis of affiliation.
Answer:

Question QMC44 : Men and women serving as elected representatives in cooperative society are -------- to the members who elected or appointed them
Answer:

Question QMC45 : Limited interest should be paid on share capital while the rest of profit realized should be re invested in the business while some part should be committed to members’ education and statutory ----------- fund.
Answer:

Question QMC46 : Patronage Refund principle encourages members to patronize the cooperative shop as refund payments were given to members based on the volume of their --------
Answer:

Question QMC47 : ---------is an international body set up for the promotion of co-operative ideas and spreading the principles of co-operation around the world
Answer:

Question QMC48 : Consequent on the 1937 review of the co-operative principles, many cooperative societies from different social and political background were registered and admitted as members of the ----------
Answer:

Question QMC49 : Self-help organizations are started by non-governmental organizations (NGOs) that generally have broad --------agendas
Answer:

Question QMC50 : Cooperatives had existed in various forms in all parts of the world since man started to live in -------------------
Answer: