Question

Urban cooperative Banks are also known by the name

• A. PACs Banks
• B. Primary Agricultural Credit Societies
• C. CUSSATTA Banks
• D. District Cooperative Banks

Answer 1

Answer:

C. CUSSATTA 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 

• 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