MCQOPTIONS
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| 1. |
The State Co-operative Bank, being the Apex Bank at the state level |
| A. | operates as a balancing centre for the movement of the resources in the entire state |
| B. | acts as the custodian of the surplus resources and the reserves of the central co-operative banks and supplements them by attracting sizeable deposits and by obtaining loans from RBI. |
| C. | provides the link between the RBI and the money market on one hand and the entire co-operative credit structure, on the other |
| D. | All of the above |
| E. | None of these |
| Answer» E. None of these | |