Multiple choice

Specialised banks provide financial aid to industries, heavy turnkey projects and foreign trade. Which of the following is not a type of specialised bank?

  1. Foreign exchange banks

  2. Industrial banks

  3. Development banks

  4. Export import banks

  5. Cooperative banks

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Cooperative Banks are governed by the provisions of State Cooperative Societies Act and meant essentially for providing cheap credit to their members. This is the correct answer as these are not specialised banks.

 
 

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