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Question

Which of the following is not a principle of cooperative banks?

A
Cooperation
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B
Self-help
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C
Mutual help
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D
Non-cooperation
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Solution

The correct option is D Non-cooperation
Cooperative banks work on the principle of cooperation, self-help, and mutual help. The customers of a cooperative bank are its owners, and a cooperative bank is founded by collecting funds from its members. Their primary objective is to encourage saving habits among people and provide financial assistance.

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