Urban Cooperative Society is a --- tier structure.
Athree
Btwo
Cfour
Dfive
Answer:
B. two
Read Explanation:
As per sec2(ta) KCS Act 'Urban Co operative Bank' means a Society registered under this Act having area of operation in the urban area and which undertakes banking business with the license obtained from RBI.
Non Agricultural credit society Working with single Tier structure
Insured Cooperative Banks are Unitary type of societies.
UCS - 2 Tier
UCS - CEO - Secretary
7 to 15 member Board of Directors In the management of urban Cooperative Banks two seats are reserved for banking experienced or professionally qualified person as per sec 28 AA
It's deposits are covered by Deposit Insurance Credit Guarantee Corporation.