GK
CO OPERATION CO OPERATIVE SOCIETIES
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Question
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SCBs stand for
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State Credit Banks
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Social Cooperative Board
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State Cooperative Banks
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Society for Cooperative Business
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Explanation:
Detailed explanation-1: -State Co-operative Banks (SCBs) constitute the apex of the three-tier co-operative credit structure, organized at the level of individual states.
Detailed explanation-2: -(i) NABARD. (ii) State Cooperative Banks. (iii) Central Cooperative Banks.
Detailed explanation-3: -Section 35(6) of the Banking Regulation Act, 1949 empowers NABARD to conduct inspection of State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs) and Regional Rural Banks (RRBs) (collectively called NABARD’s Supervised Entities).
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