GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The co-operative credit societies have a
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two-tier structure
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three-tier structure
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four-tier structure
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five-tier structure
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Explanation:
Detailed explanation-1: -(i) NABARD. (ii) State Cooperative Banks. (iii) Central Cooperative Banks.
Detailed explanation-2: -The structure includes-State Co-operative Banks, Central Co-operative Banks, and Primary agrarian Credit Society. At the apex point of the Co-operative banking system in the country is the State Co-operative Bank.
Detailed explanation-3: -The Reserve Bank of India (RBI) on Thursday announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs), Besides, the central bank has come out with norms pertaining to the net worth and capital adequacy of these banks.
There is 1 question to complete.