Multiple choice

Co-operative banks operating in different states are registered under

  1. Co-operative Societies Act

  2. Multi-State Co-operative Societies Act

  3. RBI Act

  4. Banking Regulation Act
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A Correct answer
Explanation

Co-operative banks serve an important role in the Indian economy, especially in rural areas. In urban areas, they mainly serve small industry and self-employed workers. They are registered under the Co-operative Societies Act, 1912

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