GK
CO OPERATION CO OPERATIVE SOCIETIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SCARDBs stands for
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State Cooperative Agriculture and Rural Development Banks
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State Cooperative and Rural Development Banks
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State Credit and Rural Development Banks
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State Credit and Rural Data Bank
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Explanation:
Detailed explanation-1: -State Co-Operative Agriculture and Rural Development Banks (SCARDB) ADVERTISEMENTS: These co-operative banks were earlier known as Land Development Banks. They are now called Agriculture and Rural Development Banks.
Detailed explanation-2: -While the state registrar of co-operatives is responsible for monitoring and administration of these banks, the banking functions are regulated by RBI.
Detailed explanation-3: -Powers have been delegated to National Bank for Agricultural and Rural Development (NABARD) under Sec 35 (6) of the Banking Regulation Act (As Applicable to Cooperative Societies) to conduct inspection of State and Central Cooperative Banks.
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