1. The minimum number of natural persons required to organize a primary cooperative is:

A.5 C. 15

B.10D. 20

2. What seminar must be completed by a prospective member of a primary cooperative?

A. Pre-Membership Education Seminar

B. Pre-Membership Election Seminar

C. Post-Membership Education Seminar

D. Post-Membership Enrichment Seminar

3. A single-purpose cooperative may transform into a multi-purpose cooperative and may create subsidiaries only after at least:

A.2 years of operationC. 2 years from cooperation

B. 2 years from registration D. 5 years from registration

4. A cooperative duly registered shall have:

A.Comprehensive liabilityC. Absolute liability

B. Limited liability D. General liability

5. A cooperative may register for a term not exceeding how many years?

A.100 C. 25

B. 50 D. 20

6. A cooperative may apply for extension of term but such extension cannot be made earlier than years prior to the original or subsequent expiry date/dates.

A. 5B. 4C. 3D. 2

7. The minimum subscription of the authorized capital stock of a cooperative is: A. 10% of the ACS C 25% of the ACS B. 15% of the ACS D. 30% of the ACS

8. The minimum paid-up share capital of a cooperative shall be 25% of the total subscription but not less than:

A.3,500C. 10.000

B. 5,000 D. 15,000

9. CDA shall periodically assess the required paid-up share capital and may increase every years.

A. 5B. 4C. 3D. 2

10. All applications for registration shall be finally disposed of by the CDA within a period of 60 days from the filing thereof, otherwise the application is:

A.Deemed deniedC. Considered pending until final resolution

B. Deemed approved D Returned to the applicant

11. A certificate of registration issued by the CDA under its official seal shall be ______ evidence that the cooperative therein mentioned is duly registered.

A.Disputable C. Prima facie

B. PresumptiveD. Conclusive

12. Contracts executed between private persons and cooperatives prior to the registration of the cooperative shall be _____ between the parties.

A.VoidC. Valid

B. Voidable D. Unenforceable

13. Any registered cooperative may resolve to merge or consolidate with another cooperative by a resolution approved by a vote of ______ of all the members with voting rights.

A. 3/4B. 2/3C. 1/2D. 1/4

14. It is a cooperative that promotes and undertakes savings and lending services among its members.

A.ConsumersC. Lending

B. Credit D. Finance

15. It is a cooperative that undertakes joint production whether agricultural or industrial.

A.ProducersC. Farmers

B. ConsumersD. Agro-industrial

16. It is a cooperative which combines 2 or more of the business activities of the different types of cooperatives

A.Bi-purposeC. Multipurpose

B. Tri-purposeD. Complex

17. It is a cooperative which is organized by marginal farmers, majority of which are agrarian reform beneficiaries.

A.Agrarian ReformC. Farmers

B. AgriculturalD. Advocacy

18. It is a cooperative whose members are engaged in the production of fresh milk which may be processed and/or marketed as dairy products

A.DairyC. Poultry

B. Farmer D. Agricultural

19. It is a cooperative which is organized for the primary purpose of undertaking power generations, utilizing renewable energy sources, including hybrid systems, acquisition and operation of sub-transmission or distribution to its household members.

A.EnergyC. Utility

B. ElectricD. Light

20. It is a cooperative which is organized to own, operate and manage water systems for the provision and distribution of potable water for its members and their households.

A.Water service C. Utility

B. AquaticD. Resource