BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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farmers
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state co-operative banks
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land development banks
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central government
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Detailed explanation-1: -They are a strata at which cooperative banks directly interact with the individual borrowers.
Detailed explanation-2: -Central cooperative banks are private banks established with the objective of providing loans to cooperatives, individuals and others. You can read about the List of Co-operative Banks in India in the given link.
Detailed explanation-3: -Central cooperative banks are not permitted to borrow or lend among themselves. Working capital is obtained by state cooperative banks from their own funds, deposits, borrowings, and other sources. State cooperative banks are primarily concerned with providing loans and advances to cooperative societies.
Detailed explanation-4: -StCBs/DCCBs are registered under the provisions of State Cooperative Societies Act of the State concerned and are regulated by the Reserve Bank.
Detailed explanation-5: -HOPCOMS is headquartered in Bengaluru. HOPCOMS is spread across districts of Bangalore Rural, Bangalore Urban, Mysuru, Mandya, Chikkaballapura, Ramanagar of Karnataka.