New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Banking Regulation Act, 1949 shall apply to

    :
    A Cooperative Land Mortgage Bank Correct Answer Incorrect Answer
    B Primary Agricultural Credit Society Correct Answer Incorrect Answer
    C Cooperative bank Correct Answer Incorrect Answer
    D Both a and b Correct Answer Incorrect Answer

    Solution

    Section 3 says- Act to apply to co-operative societies in certain cases.- Nothing in this Act shall apply to.- (a) a primary agricultural credit society; (b) a co-operative land mortgage bank; and (c) any other co-operative society, except in the manner and to the extent specified in Part V.

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