Cooperative Banks in India

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21. Which is the oldest cooperative bank in India?

a) Punjab National Bank

b) United Bank of India

c) Saraswat Bank

d) Allahabad Bank

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22. How many tiers are there in the cooperative credit structure in India?

a) 2

b) 3

c) 4

d) 5

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23. Which types of cooperative banks are regulated by the National Bank for Agriculture and Rural Development (NABARD)?

a) Primary agricultural credit societies

b) District central cooperative banks

c) State cooperative banks

d) All of the above

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24. Which type of cooperative bank operates at the grassroots level in rural areas?

a) Urban cooperative banks

b) Primary agricultural credit societies

c) Regional rural banks

d) State cooperative banks

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25. What is the maximum rate of interest currently allowed by RBI on cooperative bank deposits in India?

a) 4%

b) 6%

c) 8%

d) 10%

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