Explanation: Though the Banking Regulation Act came in to force in 1949, the banking laws were made applicable to cooperative societies only in 1966 through an amendment to the Banking Regulation Act, 1949. Since then there is duality of control over these banks with banking related functions being regulated by the Reserve Bank and management related functions regulated by respective State Governments/Central Government. The Reserve Bank regulates the banking functions of StCBs/DCCBs/UCBs under the provisions of Sections 22 and 23 of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies (AACS).
Who among the following was the founder of the Bahmani Sultanate, who took the title of Bahman Shah after his accession to the throne?
Heroine, one of the major chemicals responsible for drug abuse, is obtained from:
What is India's ranking in the Global Economic Freedom index 2019?
Which Union Territory (UT) has become the first to implement the PM Vishwakarma Yojana (PMVY)?
Mameluke style of architecture belongs to which dynasty?
Which of the following states witnesses the first onset of the monsoon?
Who among the following wrote the book "India Wins Freedom', giving an insider's view of India's freedom struggle?
What among the following was the name of Lander of Chandrayaan-3?
The term "relay" is related to ________
Substances like phosphorus burns in air at room temperature. This type of combustion in which a material suddenly bursts into flames, without applicati...
