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________ is the custodian of Principal State Partnership Fund.

AUrban Bank

BState Co-operative Bank

CDistrict Co-operative Bank

DNone of these

Answer:

B. State Co-operative Bank


Related Questions:

The following statements are related to nature of state aid to cooperative societies. You are required to identify the incorrect statements (s) related to the source of fund available to cooperatives given below.

  1. The Government may subscribe to share capital of society with limited liability only.
  2. The Government is not entitled to dividend on shares of any such society.
  3. The Government may provide financial assistance to a society for the purchase of shares in other societies with limited liability.
  4. Principal State Partnership Fund is provided by Apex Societies to Central Societies.
    The section of KCS Act that deals with the direct partnership of Government is
    The section of KCS Act which deals with liabilities to be limited, in the purchase of shares
    The section of KCS Act which discusses about the Government subscribing directly to the share capital of a society with limited liability is called
    The section of KCS Act which mentions that, no part of funds other than net profit, shall be distributed among members.