46. Which cooperative bank was the first to introduce UPI-based payments in India?
a) Bharat Cooperative Bank
b) Saraswat Bank
c) The South Indian Bank
d) Cosmos Cooperative Bank
47. Which cooperative bank is known for its focus on providing credit to the industrial sector in India?
a) The South Indian Bank
b) Indian Bank
c) Cosmos Cooperative Bank
d) Bharat Cooperative Bank
48. How are cooperative banks different from commercial banks?
a) Cooperative banks are owned by the government, while commercial banks are privately owned.
b) Cooperative banks are focused on social welfare, while commercial banks are profit-driven.
c) Cooperative banks cater to the needs of rural areas, while commercial banks focus on urban areas.
d) Cooperative banks provide less interest on deposits compared to commercial banks.
49. Which cooperative bank was the first to introduce core banking solutions (CBS) in India?
a) The South Indian Bank
b) Punjab National Bank
c) Cosmos Cooperative Bank
d) Bharat Cooperative Bank
50. Cooperative banks in India are primarily established under the provisions of which act?
a) Reserve Bank of India Act, 1934
b) Banking Regulation Act, 1949
c) Companies Act, 2013
d) Cooperative Societies Act
