Question

Those societies established to provide cheaper credit to small traders, employees, artisans and middle class people living in urban areas are known as

• A. Rural Cooperative Banks
• B. Credit Unions
• C. Agricultural Cooperative Societies
• D. Urban cooperative Banks

Answer 1

Answer:

D. Urban cooperative Banks

URBAN COOPERATIVE BANKS:

• These societies are established to provide cheaper credit to small traders, employees, artisans and middle class people living in urban area

• First urban cooperative Bank started in Germany 

• Schulze Delitzch are the Father and Founder of urban cooperative Movement