BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A Central Co-operative Bank is generally headquartered at
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an important town of the district
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state capital
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same place which is the headquarter of the district
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the place where from the Central Government is run
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Explanation:
Detailed explanation-1: -Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara (formerly Baroda) in Gujarat, is the first co-operative bank in India.
Detailed explanation-2: -Citing the latest data, Sitharaman said there are 34 state co-operative banks, 351 DCCBs and 1, 534 UCBs in the country.
Detailed explanation-3: -The Reserve Bank regulates the banking functions of StCBs/DCCBs/UCBs under the provisions of Sections 22 and 23 of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies (AACS).
Detailed explanation-4: -Central cooperative banks are private banks established with the objective of providing loans to cooperatives, individuals and others.
There is 1 question to complete.