BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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occupy a crucial importance in the cooperative credit structure
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form an important link between the State co-operative bank at the apex and the primary agricultural credit societies at the base
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are closer to the primary societies than an Apex Bank could be one
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All of the above
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Detailed explanation-1: -A District Co-operative Central Bank (DCCB) is a rural cooperative bank operating at the district level in various parts of India. It was established to provide banking to the rural hinterland for the agricultural sector with the branches primarily established in rural and semi-urban areas.
Detailed explanation-2: -Also these Cooperative Banks are regulated by Reserve Bank of India and were governed by banking regulation Act 1949, Banking Laws Act 1955, and there are a total 31 Cooperative Banks in India, which are individually under by Government Firms to provide service to their employees.
Detailed explanation-3: -(i) NABARD. (ii) State Cooperative Banks. (iii) Central Cooperative Banks.
Detailed explanation-4: -Central Cooperative Banks (CCBs) CCBs are supervised by the state cooperative department and are regulated by the Reserve Bank of India. The CCBs are owned by their member shareholders and operate according to their by-laws. The CCBs provide services such as deposits, loans, and other banking services to their members.