Home »
MCQs »
Commerce MCQs »
Cooperative Society MCQs
Which body regulates the functioning of District Cooperative Banks in India?
5. Which body regulates the functioning of District Cooperative Banks in India?
- RCS
- RBI
- SBI
- SEBI
Answer: B) RBI
Explanation:
The Reserve Bank acts in close co-appointment with different controllers, for example, Registrar of Co-usable Societies and Central Registrar of Co-employable Societies. The Reserve Bank goes into Memorandum of Understanding (MoU) with Central Government and all State Governments which have the presence of UCBs to guarantee more prominent intermingling of approaches on guideline and oversight.