Question

1. Consider the following statements about Urban Cooperative Banks (UCBs):

1. Urban Cooperative Banks primarily operate in urban and semi-urban areas.

2. UCBs are regulated by RBI under the Banking Regulation Act, 1949.

3. They provide both short-term and long-term agricultural loans.

Which of the statements are correct?

• A. 1 and 2
• B. 2 and 3
• C. 1 and 3
• D. All of the above

Answer 1

Answer:

A. 1 and 2

UCBs operate mainly in urban and semi-urban regions. They are regulated by RBI. Agricultural loans are primarily given by rural cooperative banks, not UCBs.