Question

In 1912 the Central Co-op. Bank is started in ________

• A. West Bengal
• B. Maharashtra
• C. Madya Pradesh
• D. Kerala

Answer 1

Answer:

C. Madya Pradesh

DCB - District Cooperative Bank:

• In Cooperative Credit Societies Act 1904 - No provision of central cooperative Banks or unions. 

• A new act passed in the year 1912 permitted to registration of central cooperative bank .

• 1st full fledged central cooperative bank as per provision of 1912 Act was started 

• started Jabalpur district - former central province. 

Area of operation: Bea Revenue District