Multiple choice

A scheduled co-operative bank is a co-operative bank that has its aggregate Demand and Time Liabilities of…………………..or more and which has been authorised by Reserve Bank of India to issue Bank Guarantee.

  1. Rs 50 crore

  2. Rs 100 crore

  3. Rs 200 crore

  4. Rs 500 crore
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A scheduled co-operative bank must meet specific criteria set by the RBI, including having aggregate Demand and Time Liabilities of at least Rs 100 crore and being authorized to issue bank guarantees.

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