Question
Choose the correct statements in the context of Cooperative Banks in India.
- Cooperative Banks operate on no profit no loss basis.
- Cooperative Banks are allowed to operate only in the agriculture sector.
- NABARD is a Cooperative Bank.
Answer: Option C
Answer: (c)
Cooperative Banks operate on no profit no loss basis, and they operate in all sectors including agriculture sector.
NABARD is not a Cooperative Bank. National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.
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Answer: (c)
Cooperative Banks operate on no profit no loss basis, and they operate in all sectors including agriculture sector.
NABARD is not a Cooperative Bank. National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.
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