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Explanation: Though the Banking Regulation Act came in to force in 1949, the banking laws were made applicable to cooperative societies only in 1966 through an amendment to the Banking Regulation Act, 1949. Since then there is duality of control over these banks with banking related functions being regulated by the Reserve Bank and management related functions regulated by respective State Governments/Central Government. The Reserve Bank regulates the banking functions of StCBs/DCCBs/UCBs under the provisions of Sections 22 and 23 of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies (AACS).
The bacteria responsible for oxidizing Fe2+ - Fe3+ (ferrous to ferric form) under acidic environment is_?
National Centre for Integrated Pest Management (NCIPM) is located at:
Soybean is not consumed as dal due to presence of
Onion production is related to
What plant hormone is responsible for preventing premature fruit drop in certain fruit trees like apple and cherry?
In cotton farming terminology, what does "Seed cotton" consist of?
Powdery mildew is a common fungal disease that affects which part of the plant?
Father of green revolution in India
Visual aid of communication does not include which of the following?
Which year was designated as the National Year of Millets?