Multiple choice

Which of the following facilities is/are prohibited to be provided by Urban Cooperative Banks at their Extension Counters?

  1. Granting of loans and advances.
  2. Encashment of Traveller's Cheques.
  3. Issuance and Encashment of Bank Drafts.

  1. 1 only

  2. 2 only

  3. 1 and 2 only

  4. 1, 2 and 3 only

  5. 2 and 3
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Extension counters of Urban Cooperative Banks are generally prohibited from granting loans and advances, as their primary purpose is to provide limited banking services.

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