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    Question

    In June 2020, the Central government approved an

    Ordinance to bring all urban and multi-state cooperative banks under the direct supervision of RBI. In 2021 RBI appointed a committee that suggested tier structure for the UCBs. which of the following is not correct?
    A Tier 1 with all unit UCBs and salary earner’s UCBs (irrespective of deposit size) and all other UCBs having deposits up to Rs 100 crore Correct Answer Incorrect Answer
    B Tier 2 with UCBs of deposits between Rs 100 crore and Rs 1,000 crore Correct Answer Incorrect Answer
    C Tier 3 with UCBs of deposits between Rs 1,000 crore and Rs 10,000 crore Correct Answer Incorrect Answer
    D Tier 4 with UCBs of deposits more than Rs 10,000 crore. Correct Answer Incorrect Answer
    E Tier 5 with UCBs of Deposits more than Rs 10,000 crore with deposited income of 10,000 crore Correct Answer Incorrect Answer

    Solution

    Tier 5 with UCBs of Deposits more than Rs 10,000 crore with deposited income of 10,000 crore   There is no tier 5 structure

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