Cooperative Banks

Q. Which of the following executes cooperative banks at the village level in India?

1. Central cooperative banks
2. District cooperative banks
3. Primary cooperative banks
4. State cooperative banks

Q. You get appointed as the district collector, and you observe that the rural economy is relatively slower in Village X among other villages. On your visit to Village X, people express their grief regarding the shortage of funds for agriculture- and dairy-related activities. Which among the following would you suggest and why?

1. Suggestion: To write a letter to the RBI and issue notice to commercial banks operating in the districts
   
   Reason: To channelise a huge amount of funds from commercial banks to Village X for its business activities
2. Suggestion: To write a letter to the RBI and issue notice to commercial banks operating in the districts
   
   Reason: To have the RBI undertake special credit control measures in Village X directly
3. Suggestion: To encourage people to set up a coopertative bank in Village X
   
   Reason: For people in Village X to avail cheap credit facilities
4. Suggestion: To encourage people to set up a coopertative bank in Village X
   
   Reason: To encourage local moneylendors in Village X to participate in the business activities by lending loans

Q. Which of the following is the source of money of cooperatives?

1. Commercial banks
2. Customers
3. Microfinance
4. Reserve Bank of India

Q. Which of the following is detrimental to rural citizens with regards to banking services?

1. Commercial banks
2. Cooperatives
3. Chit funds
4. Moneylenders

Q. Which of the following is/are not associated with cooperatives?

1. Cooperation
2. Mutual help
3. Self-help
4. Profit