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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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