Question

Urban cooperative Bank is known as --- in Italy.

• A. Casse Rurali Artigiane
• B. Banaca Popularie
• C. Cassa di Risparmio
• D. Credito Cooperativo

Answer 1

Answer:

B. Banaca Popularie

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 

• Luigi Luzzatti is the profounder of UCB – Italy (Pattern of Schultz)

• Working among middle class people

• Banaca Popularie (People Bank) - Italy - By LUIGY LUSSATI -CUSSATTA Banks – Urban area - Limited Liability