RA 9520 Cooperative Code of the Philippines

Question 1

This Act shall be known as the “Philippine Cooperative Code of 2008

Answer 1

RA 9520

Question 2

Republic Act No. 6938

Answer 2

Cooperative Code of the Philippines

Question 3

The State shall encourage the private sector to undertake the actual formation and organization of cooperatives and shall create an atmosphere that is conducive to the growth and development of these cooperatives

Answer 3

True

Question 4

It is the declared policy of the State to foster the creation and growth of cooperatives as a practical vehicle for promoting self-reliance and harnessing people power towards the attainment of

Answer 4

economic development and social justice.

Question 5

Government and all its branches, subdivisions, instrumentalities and agencies shall ensure the provision of technical guidance, financial assistance and other services to enable said cooperatives to develop

Answer 5

into viable and responsive economic enterprises

Question 6

cooperative is an _____association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations

Answer 6

autonomous and duly registered

Question 7

Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, cultural, political or religious discrimination.​

Answer 7

Voluntary and Open Membership

Question 8

Cooperatives are _____that are controlled by their members who actively participate in setting their policies and making decisions.

Answer 8

democratic organizations

Question 9

In primary cooperatives, members have equal voting rights of

Answer 9

one-member, one-vote.

Question 10

Members allocate surpluses for any or all of the following purposes:

Answer 10

developing the cooperative by setting up reserves, part of which should at least be indivisible; benefitting members in proportion to their partonage of the cooperative’s bubsiness; and, supporting other activities approved by the membership.​

Question 11

Cooperatives shall provide education and training for their members, elected and appointed representatives, managers, and employees, so that they can contribute effectively and efficiently to the development of their cooperatives.​

Answer 11

Education, Training and Information

Question 12

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through ____, ____, _____ & international structures.​

Answer 12

local, national, regional

Question 13

Cooperatives work for the sustainable development of their communities through policies approved by their

Answer 13

members.​

Question 14

Member includes a person either _____ or _____ who adhering to the principles set forth in this Code and in the Articles of Cooperative, has been admitted by the cooperative as member;​

Answer 14

natural or juridical

Question 15

General Assembly shall mean the ____of the cooperative duly assembled for the purpose of exercising all the rights and performing all the obligations pertaining to cooperatives​

Answer 15

full membership

Question 16

that body entrusted with the management of the affairs of the cooperative under its articles of cooperation and by-laws;​

Answer 16

“Board of Directors

Question 17

to any body entrusted with specific functions and responsibilities under the by-laws or resolution of the general assembly or the board of directors;​

Answer 17

“Committee”

Question 18

means the articles of cooperation registered under this Code and includes a registered amendment thereof

Answer 18

Articles of Cooperation

Question 19

the by-laws registered under this Code and includes any registered amendment thereof;​

Answer 19

By-laws”

Question 20

operative act granting juridical personality to a proposed cooperative and is evidenced by a certificate of registration

Answer 20

Registration”

Question 21

the government agency in charge of registration and regulation of cooperatives as such, hereinafter referred to as the Authority;

Answer 21

Cooperative Development Authority

Question 22

means that body of cooperative principles adhered to worldwide by cooperatives in other jurisdictions.

Answer 22

Universally Accepted Principles

Question 23

means the full membership of a body of representatives elected by each of the sectors, chapter or district o the cooperative duly assembled for the purpose of exercising such powers lawfully delegated unto them by the general assembly in accordance with its bylaws

Answer 23

Representative Assembly

Question 24

Officers of the Cooperative shall include the members _______, _____,created by the general assembly, general manager or chief executive officer, secretary, treasurer and members holding other positions as may be provided for in their bylaws

Answer 24

members of the board of directors, members of the different committee

Question 25

procedure wherein the cooperative assesses its social impact and ethical performance vis-à-vis its stated mission, vision, goals and code of social responsibility for cooperatives to be established by the Authority in consultation with the cooperative sector. It enables the cooperative to develop a process whereby it can account for its social performance and evaluate its impact in the community and be accountable for its decisions and actions to its regular members;

Answer 25

Social Audit

Question 26

refer to an audit on the efficiency and effectiveness of the cooperative as a whole; its management and officers; and its various responsibility centers as basis for improving individual team or overall performance and for objectively informing the general membership on such performance;​

Answer 26

Performance Audit

Question 27

shall include cooperative undertaking activities which are related to its main line of business or purpose

Answer 27

A Single-Line or Single-Purpose Cooperative

Question 28

provide any type of service to its members, including but not limited to, transport, information and communication, insurance, housing, electric, health services, education, banking, and savings and credit

Answer 28

Service Cooperatives

Question 29

three or more primary cooperatives, doing the same line of business, organized at the municipal, provincial, city, special metropolitan political subdivision, or economic zones created by law, registered with the Authority to undertake business activities in support of its member-cooperatives.

Answer 29

Subsidiary Cooperative

Question 30

To encourage ____ and ___ mobilization among the members

Answer 30

thrift and savings

Question 31

generate funds and ____ credit to the members for productive and provident purposes

Answer 31

extend

Question 32

encourage among members ______ production and marketing

Answer 32

systematic

Question 33

To ____ and ____ the activities of cooperatives;​

Answer 33

coordinate and facilitate

Question 34

To ensure the ____ of cooperatives through the utilization of new technologies

Answer 34

viability

Question 35

promote self-help or self-employment as an engine for economic growth and _____.

Answer 35

poverty alleviation

Question 36

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 _____, _____, and ____.

Answer 36

economies of scale, cost-sharing and risk-sharing

Question 37

Provide ______ social and economic benefits to its members

Answer 37

optimum

Question 38

Teach them efficient ways of doing things in a _____.

Answer 38

cooperative manner

Question 39

______ cooperative practices and new ideas in business and management

Answer 39

Propagate

Question 40

Allow the lower income and less privileged groups to increase their ______ in the wealth of the nation

Answer 40

ownership

Question 41

To the exclusive use of its registered name, to ____ and be ___.

Answer 41

sue and be sued

Question 42

To ____ bylaws not contrary to law, morals or public policy, and to amend and repeal the same in accordance with this Code

Answer 42

adopt

Question 43

To purchase, receive, take or grant, hold, convey, ___, ____, ____, ____ and otherwise deal with such real and personal property as the transaction of the lawful affairs of the cooperative may reasonably and necessarily require, subject to the limitations prescribed by law and the Constitution

Answer 43

sell, lease, pledge, mortgage,

Question 44

To enter into ____, ____ or consolidation, as provided in this Code;​

Answer 44

division, merger

Question 45

form subsidiary cooperatives and join _____ or ____, as provided in this Code

Answer 45

federations or unions

Question 46

To avail of loans, be entitled to credit and to accept and receive grants, donations and assistance from _____ & ___ sources.

Answer 46

foreign and domestic

Question 47

To avail of preferential rights granted to cooperatives under _____, otherwise known as the Local Government Code, and other laws, particularly those in the grant of franchises to establish, construct, operate and maintain ferries, wharves, markets or slaughterhouses and to lease public utilities, including access to extension and on-site research services and facilities related to agriculture and fishery activities;​

Answer 47

Republic Act No. 7160

Question 48

To organize and operate schools in accordance with Republic Act No. 9155, _______ and other pertinent laws; and​

Answer 48

Governance of Basic Education Act of 2001

Question 49

That a prospective member of a primary cooperative must have completed a

Answer 49

Pre-Membership Education Seminar (PMES)

Question 50

Any newly organized primary cooperative may be registered as multipurpose cooperative only _____ with the minimum requirements for multipurpose cooperatives to be set by the Authority

Answer 50

after compliance

Question 51

single-purpose cooperative may transform into a multipurpose or may create subsidiaries only after at least ____of operations

Answer 51

two (2) years of operations

Question 52

A cooperative shall exist for a period not exceeding fifty (50) years from the _____ unless sooner dissolve or unless said period is extended

Answer 52

date of registration

Question 53

cooperative term, as originally stated in the articles of cooperation, may be extended for periods not exceeding _____ in any single instance by an amendment of the articles of cooperation, in accordance with this Code:

Answer 53

fifty (50) years

Question 54

Provided, That no extension can be made earlier than _____ prior to the original or subsequent expiry date/dates unless there are justifiable reasons for an earlier extension as may be determined by the Authority.​

Answer 54

five (5) years

Question 55

ll cooperatives applying for registration shall file with the Authority the articles of cooperation which shall be signed by each of the organizers and acknowledged by them if ____and by the chairpersons or secretaries, if juridical persons, before a notary public

Answer 55

natural persons

Question 56

name of the cooperative which shall include the word

Answer 56

cooperative

Question 57

Provided, That in no case shall the paid-up share capital be less than

Answer 57

P15,000.00

Question 58

is one that promotes and undertakes savings and lending services among its members. It generates a common pool of funds in order to provide financial assistance to its members for productive and provident purposes;​

Answer 58

Credit Cooperative

Question 59

primary purpose of which is to procure and distribute commodities to members and non-members

Answer 59

Consumers Cooperative

Question 60

It is formed and operated by its members to undertake the production and processing of raw materials or goods produced by its members into finished or processed products for sale by the cooperative to its members and non-members. Any end product or its derivative arising from the raw materials produced by its members, sold in the name and for the account of the cooperative, shall be deemed a product of the cooperative and its members

Answer 60

Producers Cooperative

Question 61

is one which engages in the supply of production inputs to members and markets their products;​

Answer 61

Marketing Cooperative

Question 62

one which engages in medical and dental care, hospitalization, transportation, insurance, housing, labor, electric light and power, communication, professional and other services

Answer 62

Service Cooperative

Question 63

Multipurpose Cooperative

Answer 63

is one which combines two (2) or more of the business activities of these different types of cooperatives;​

Question 64

is a primary cooperative which promotes and advocates cooperativism among its members and the public through socially-oriented projects, education and training, research and communication, and other similar activities to reach out to its intended beneficiaries;​

Answer 64

Advocacy Cooperative

Question 65

is one organized by marginal farmers majority of which are agrarian reform beneficiaries for the purpose of developing an appropriate system of land tenure, land development, land consolidation or land management in areas covered by agrarian reform

Answer 65

Agrarian Reform Cooperative

Question 66

is one organized for the primary purpose of providing a wide range of financial services to cooperatives and their members;​

Answer 66

Cooperative Bank

Question 67

is one whose members are engaged in the production of fresh milk which may be processed and/or marketed as dairy products;​ ​

Answer 67

Dairy Cooperative

Question 68

is one organized for the primary purpose of owning and operating licensed educational institutions notwithstanding the provisions of Republic Act No. 9155, otherwise known as the Governance of Basic Education Act of 2001;​

Answer 68

Education Cooperative

Question 69

is one organized for the primary purposed of undertaking power generations, utilizing renewable energy sources, including hybrid systems, acquisition and operation of subtransmission or distribution to its household members;​

Answer 69

Electric Cooperative

Question 70

one organized for the primary purpose of engaging in savings and credit services and other financial services

Answer 70

Financial Service Cooperative

Question 71

is one organized by marginalized fishermen in localities whose products are marketed either as fresh or processed products

Answer 71

Fishermen Cooperative

Question 72

is one organized for the primary purpose of providing medical, dental and other health services

Answer 72

Health Services Cooperative

Question 73

is one organized to assist or provide access to housing for the benefit of its regular members who actively participate in the savings program for housing. It is co-owned and controlled by its members;​

Answer 73

Housing Cooperative

Question 74

is one engaged in the business of insuring life and poverty of cooperatives and their members

Answer 74

Insurance Cooperative

Question 75

is one which includes land and sea transportation, limited to small vessels, as defined or classified under the Philippine maritime laws, organized under the provisions of this Code

Answer 75

Transport Cooperative

Question 76

is one organized to own, operate and manage waters systems for the provision and distribution of potable water for its members and their households;​

Answer 76

Water Service Cooperative

Question 77

is one organized by workers, including the self-employed, who are at same time the members and owners of the enterprise. Its principal purpose is to provide employment and business opportunities to its members and manage it in accordance with cooperative principles

Answer 77

Workers Cooperative

Question 78

In terms of territory, cooperatives shall be categorized according to _____which may or may not coincide with the political subdivisions of the country.​

Answer 78

areas of operations

Question 79

is one who has complied with all the membership requirements and entitled to all the rights and privileges of membership.

Answer 79

regular member

Question 80

one who has no right to vote nor be voted upon and shall be entitled only to such rights and privileges

Answer 80

associate member

Question 81

That an associate who meets the minimum requirements of regular membership, continues to patronize the cooperative for ___ and signifies his/her intention to remain a member shall be considered a regular member

Answer 81

two (2) years

Question 82

cooperative organized by minors shall be considered a _____cooperative shall be governed by special guidelines to be promulgated by the Authority.​

Answer 82

laboratory

Question 83

A member of a cooperative may, for any valid reason, withdraw his membership from the cooperative by giving a ____notice to the board of directors

Answer 83

(60) day