BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The State Co-operative Bank, being the Apex Bank at the state level
|
|
operates as a balancing centre for the movement of the resources in the entire state
|
|
|
acts as the custodian of the surplus resources and the reserves of the central co-operative banks and supplements them by attracting sizeable deposits and by obtaining loans from RBI.
|
|
|
provides the link between the RBI and the money market on one hand and the entire co-operative credit structure, on the other
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -State cooperative banks are the apex institutions in the state’s three-tier cooperative credit structure. There is a state cooperative bank in every state.
Detailed explanation-2: -The Act also provided for the formation of State and Central Cooperative Banks, which would act as the apex body of all cooperative credit societies. The State and Central Banks were empowered to provide loans to the registered societies, and also to inspect and audit them.
There is 1 question to complete.