Multiple choice

Which of the following statements is not correct?

  1. Coop Bank operating in more than one state is registered under Multi-State Coop Societies Act.

  2. Govt. can exempt a bank from provisions of Banking Regulation Act, on its own.

  3. The company matters relating to a banking company are regulated by an authority under the Companies Act.

  4. Banks undertake trading in shares subject to regulation by SEBI.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Correct Answer: Govt. can exempt a bank from provisions of Banking Regulation Act, on its own.

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