Cooperative Banks in India

11. Cooperative banks are primarily established to cater to the banking needs of which sector?

a) Agricultural

b) Industrial

c) Service

d) Educational

12. What is the maximum limit on deposit insurance provided by DICGC for cooperative banks in India?

a) Rs. 1 lakh

b) Rs. 5 lakh

c) Rs. 10 lakh

d) Rs. 25 lakh

13. Which financial product is not usually offered by cooperative banks in India?

a) Savings account

b) Current account

c) Fixed deposit

d) Credit card

14. What is the minimum age requirement to become a member of a cooperative bank in India?

a) 16 years

b) 18 years

c) 21 years

d) 25 years

15. Cooperative banks provide loans primarily for which purpose?

a) Education

b) Housing

c) Business

d) Healthcare