Which of the following is NOT a difference between a commercial bank and a cooperative bank?
Cooperative Banks | Commercial Banks |
Co-operatives banks are co-operative organizations. | Commercial banks are joint-stock banks |
Governed by the Co-operative Societies Act as well as Banking Regulation Act | Governed by the Banking Regulation Act |
Subject to the rules laid down by the Registrar of Co-operative Societies | Subject to the control of the Reserve Bank of India directly |
Borrowers are member shareholders, so they have some influence on the lending policy of the banks, on account of their voting power | Borrowers of commercial banks are only account- holders and have no voting power as such→Voting power as per shareholding |
Have not much scope of flexibility on account of the rigidities of the bye-laws of the Co-operative Societies | Free from such rigidities |
Do not pursue the goal of profit maximization | Works for profit maximization |
Smaller in size | Larger in size with wider reach in the country |
What is included in the term "promissory note" as per the Government Securities Ac?
Which of the following are punishments under Section 4 of the Bharatiya Nyaya Sanhita?
Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is__________________
Which of the following is not included in Section 8 of the Indian Evidence Act?
Any police officer making an investigation can:
Which of the folbwing section of Cr. P.C is related with the withdrawal of prosecution ?
Language to be used by Arbitral Tribunal is determined by parties as per S. ?
What is the pecuniary jurisdiction of District Commission?
Ombudsman institution was first introduced in ?
The term International Law was first coined by-