Here are some MCQs on Cooperative Banks in India
1. When did the first cooperative bank in India start functioning?
a) 1904
b) 1918
c) 1926
d) 1932
2. Cooperative banks are governed by which act in India?
a) Companies Act
b) Banking Regulation Act
c) Cooperative Societies Act
d) Reserve Bank of India Act
3. What is the main objective of cooperative banks in India?
a) Profit maximization
b) Social welfare
c) Customer satisfaction
d) Financial stability
4. Which financial institution regulates cooperative banks in India?
a) Reserve Bank of India (RBI)
b) Securities and Exchange Board of India (SEBI)
c) National Bank for Agriculture and Rural Development (NABARD)
d) Insurance Regulatory and Development Authority of India (IRDAI)
5. Which of the following types of cooperative banks are present in India?
a) Urban cooperative banks
b) State cooperative banks
c) District cooperative banks
d) All of the above
