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      Question

      RBI has canceled the license of which of the following

      co- - operative banks of Karnataka for the inadequate capital?
      A Karnataka Central Co-Operative Bank Ltd Correct Answer Incorrect Answer
      B Sri Sudha Co-Operative Bank Correct Answer Incorrect Answer
      C The Karnataka State Co Operative Apex Bank Ltd Correct Answer Incorrect Answer
      D Millath Co-operative Bank Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      RBI canceled the license of Millath Co-operative Bank due to lack of capital and earning prospects, and its continuance is prejudicial to the interests of its depositors.

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