Co-operative Banks in India Quiz

What is the main objective of co-operative banks in India?

• Profit maximization

• Serving the rural and agricultural sectors

• Financing industrial sectors

• Investing in the stock market

Which of the following is the apex body of cooperative credit institutions in India?

• Reserve Bank of India (RBI)

• National Bank for Agriculture and Rural Development (NABARD)

• Securities and Exchange Board of India (SEBI)

• Indian Banks' Association (IBA)

In India, co-operative banks are regulated by which of the following?

• Ministry of Finance

• Reserve Bank of India (RBI) and the state governments

• Securities and Exchange Board of India (SEBI)

• National Stock Exchange (NSE)

Co-operative banks in India function under which Act?

• Banking Regulation Act, 1949

• Companies Act, 2013

• Reserve Bank of India Act, 1934

• Cooperative Societies Act

Which of the following types of co-operative banks operate at the state level in India?

• Primary Co-operative Banks

• State Co-operative Banks (StCBs)

• Urban Co-operative Banks

• Central Co-operative Banks

Which is the first urban cooperative bank in India to get a banking license from the Reserve Bank of India?

• Punjab and Maharashtra Co-operative Bank

• Saraswat Co-operative Bank

• Cosmos Co-operative Bank

• Shamrao Vithal Co-operative Bank

What distinguishes co-operative banks from commercial banks in India?

• Co-operative banks do not provide loans

• Co-operative banks work on the principle of profit-sharing and mutual help

• Co-operative banks are privately owned

• Co-operative banks operate only in urban areas

Who owns the co-operative banks in India?

• Central Government

• State Governments

• Shareholders/ Members of the bank

• Reserve Bank of India (RBI)

Which among the following is NOT a function of co-operative banks in India?

• Accepting deposits from the public

• Providing loans to small-scale industries

• Issuing currency notes

• Providing agricultural finance

The operations of Urban Cooperative Banks (UCBs) are mainly confined to:

• Rural areas

• Urban and semi-urban areas

• International markets

• National highways