Question

which of the Following statements are correct?

1. Cooperative banks primarily focus on profit maximization like commercial banks.
2. Cooperative banks operate on the principle of cooperation, self-help, and mutual aid.

• A. 2 only
• B. None of these
• C. All
• D. 1 only

Answer 1

Answer:

A. 2 only

Co-operative Banks

• The working principle of co-operative banks is 'co-operation, self-help and mutual aid'.

• The main objective of Co-operative Bank is to provide financial assistance to the common man especially the rural people.