2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Amit Shah
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Narendra Modi
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Rajnath Singh
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Nitin Gadkari
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Detailed explanation-1: -Report of the Committee on Urban Cooperative Banks, 1978 (Madhava Das Committee) provided a well-documented study of urban banking sector in India and set standards of viability for sustained growth of urban banks.
Detailed explanation-2: -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-3: -The Indian banking system consists of 12 public sector banks, 22 private sector banks, 44 foreign banks, 56 regional rural banks, 1,485 urban cooperative banks, and 96,000 rural cooperative banks in addition to cooperative credit institutions.
Detailed explanation-4: -Union Minister of Home and Cooperation, Shri Amit Shah addressed the ‘Cooperative Beneficiaries Conference’ in Bengaluru, Karnataka today.