6. What is the minimum capital requirement for an urban cooperative bank in India?
a) Rs. 5 lakh
b) Rs. 50 lakh
c) Rs. 1 crore
d) Rs. 10 crore
7. The deposits of cooperative banks are insured by which organization in India?
a) Indian Banks’ Association (IBA)
b) Deposit Insurance and Credit Guarantee Corporation (DICGC)
c) Institute for Development and Research in Banking Technology (IDRBT)
d) Small Industries Development Bank of India (SIDBI)
8. Who can become a member of a cooperative bank in India?
a) Only individuals
b) Only corporates
c) Individuals and corporates
d) Only government entities
9. What is the tenure of the board of directors of a cooperative bank in India?
a) 2 years
b) 3 years
c) 4 years
d) 5 years
10. Who audits the accounts of cooperative banks in India?
a) Reserve Bank of India (RBI)
b) Comptroller and Auditor General of India (CAG)
c) Institute of Chartered Accountants of India (ICAI)
d) National Bank for Agriculture and Rural Development (NABARD)