Question

Consider the following statement about Urban Co-operative Banks (UCBs): 1. It refers to primary cooperative banks located in urban areas only. 2. These banks were traditionally centred around communities, localities work place groups. 3. They essentially lent to small borrowers and businesses. Which of the above statement is/are correct?

A 1 only
B 2 only
C 3 only
D 1 and 2 both
E 2 and 3 both
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