Multiple choice

Which of the following statements is correct regarding co-operative banks?

  1. State Co-operative Bank is Apex Co-operative bank whose capital is owned by Central Co-operative Banks and State Governments.
  2. Each State has one or more State Co operative Bank(s).
  3. State Co-operative Banks can establish their branches at centre where there is no Central Co-operative bank.

  1. 1

  2. 1 and 2

  3. 2 and 3

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

State Co-operative Banks (StCBs) act as the apex body at the state level. They are owned by Central Co-operative Banks and the state government, they exist in every state, and they can open branches in areas lacking a Central Co-operative Bank.

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