GK
CO OPERATION CO OPERATIVE SOCIETIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Danish Credit Cooperative Bank
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Dane Creative Cooperative Band
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District Central Cooperative Banks
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Director of Central Cooperative Bank
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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: -The short-term co-operative credit structure operates with a three-tier system-Primary Agricultural Credit Societies (PACS) at the village level, Central Cooperative Banks (CCBs) at the district level and State Cooperative Banks (StCBs) at the State level.
Detailed explanation-3: -DCCB is regulated by the Reserve Bank of India, but DCCB’s are not operated by the Government. You can read about the List of Co-operative Banks in India in the given link.
Detailed explanation-4: -There are 23 District Central Cooperative Banks in the State with 717 branches mostly in rural areas to serve the Primary Agricultural Cooperative Banks and the rural public.