Q. Consider the following statements regarding cooperative banks:
1.Co-operative banks have a three-tier structure of banking system.
2.At present District cooperative banks are supervised by RBI.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: Co-operative banks have a three-tier structure—
- Primary Credit Societies-PCSs (agriculture or urban),
- District Central Co-Operative Banks-DCCBs, and
- State Co-Operative Banks-SCBc (at the apex level).
DCCBs & SCBs: As their names suggest, they operate at the district and state levels. One district can have no more than one DCCB with a number of DCCBs reporting to the SCB.
They were under supervision of the RBI—later on this function was delegated to the NABARD.
Source: TMH Ramesh Singh
