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    • Question

      The merger of Co-operative Banks in India is primarily

      regulated under which of the following acts? 
      A Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      B Companies Act, 2013 Correct Answer Incorrect Answer
      C RBI Act, 1934 Correct Answer Incorrect Answer
      D Multi-State Co-operative Societies Act, 2002 Correct Answer Incorrect Answer
      E Both A and D Correct Answer Incorrect Answer

      Solution

      While the Banking Regulation Act, 1949 (amended in 2020) gives RBI power over co-operative bank management, the structural merger of multi-state co-ops is governed by the Multi-State Co-operative Societies Act.

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