What type of bank works on the principle of mutual help and self-help?

Commercial bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Post office saving bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Cooperative bank

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Indigenous bank

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Cooperative bank
Cooperative banks are established on a cooperative basis. They work on the principles of cooperation, self-help, and mutual help.

Suggest Corrections

Similar questions

Q. If the objective for the business organization is self help as well as mutual help. It is _____________ type of organisation.

Q. What is the basic difference between a bank and a self-help group?

(a) What is meant by dialysis ? What type of patients are put on dialysis ?
(b) Explain the principle of dialysis with the help of a labelled diagram.

Q. Explain the principle and working of Nuclear Reactor with the help of a labelled diagram.

Q. World Bank works with the primary focus of helping the _____________.

Join BYJU'S Learning Program

What type of bank works on the principle of mutual help and self-help?

The correct option is C Cooperative bankCooperative banks are established on a cooperative basis. They work on the principles of cooperation, self-help, and mutual help.

The correct option is C Cooperative bank
Cooperative banks are established on a cooperative basis. They work on the principles of cooperation, self-help, and mutual help.