Question

    Which type of banks in India can be classified as rural or

    urban?
    A Private commercial banks Correct Answer Incorrect Answer
    B Public commercial banks Correct Answer Incorrect Answer
    C Development banks Correct Answer Incorrect Answer
    D Co-operative banks Correct Answer Incorrect Answer

    Solution

    In India, co-operative banks can be classified as rural or urban based on their operational areas. They are established to provide credit to both rural and urban populations and are specifically divided into Urban Co-operative Banks (serving cities and towns) and Rural Co-operative Banks (serving rural communities).

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