Multiple choice

Which of the following pairs does not match?

  1. A corresponding new bank established under Banking Companies (Acquisition and Transfer of Undertakings) Act 1970 - State Bank

  2. A principal coop bank in a distt. - Central Coop Bank

  3. A coop society, the primary objective of which is to finance its members – coop credit society

  4. Bank which promotes an RRB - sponsor bank
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

"Corresponding new bank" means a corresponding new bank constituted under Sec 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act. Thus, it is under Banking Regulation Act, 1949.

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