Question

Under the Cooperative Bank structure, the apex institution is _______.

• A. National Cooperative Bank
• B. State Cooperative Bank
• C. District Cooperative Bank
• D. IDBI Bank

Answer 1

The correct option is B State Cooperative Bank

State cooperative banksare the apex institutions

State cooperative banks are mainly interested in providing loans and advances to the cooperative societies. More than 98 per cent loans are granted to these societies of which about 75 per cent are for the short-period. Mostly the loans are given for agricultural purposes.