Cooperative Banks in India

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16. Which government body acts as the regulator for cooperative banks in India?

a) Government of India

b) Reserve Bank of India (RBI)

c) National Bank for Agriculture and Rural Development (NABARD)

d) Department of Cooperation

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17. How are cooperative banks usually classified in India?

a) Public and private

b) National and regional

c) State and central

d) Primary and secondary

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18. Which committee recommended the establishment of cooperative banks in India?

a) Fazal Ali Committee

b) Gadgil Committee

c) Nachiket Mor Committee

d) Malegam Committee

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19. What is the maximum loan amount that can be granted by a cooperative bank in India?

a) Rs. 1 lakh

b) Rs. 10 lakh

c) Rs. 1 crore

d) Rs. 10 crore

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20. Which cooperative bank is known as the “Apex Bank” in India?

a) ICICI Bank

b) State Bank of India (SBI)

c) National Bank for Agriculture and Rural Development (NABARD)

d) Reserve Bank of India (RBI)

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