Question

Which of the following statements are True?

1. State Cooperative Banks provide financial assistance to District and Primary Cooperative Banks
2. Primary Cooperative Banks operate at the village level and encourage saving habits.

• A. 1, 2
• B. All of these
• C. 2 only
• D. 1 only

Answer 1

Answer:

B. All of these

► State Cooperative Bank

• High level of inter-state cooperation.

• Financial assistance is provided to District Co-operative Banks and Primary Co-operative Banks.

► Primary Cooperative Banks

• Working in villages.

• Encouraging the saving habits of the villagers.

• Loans are provided to the villagers at low interest rates.