Question

Banking Regulation Act, 1949 shall apply to :

A Cooperative Land Mortgage Bank Correct Answer Incorrect Answer
B Primary Agricultural Credit Society Correct Answer Incorrect Answer
C Cooperative bank Correct Answer Incorrect Answer
D Both a and b Correct Answer Incorrect Answer

Solution

Section 3 says- Act to apply to co-operative societies in certain cases.- Nothing in this Act shall apply to.- (a) a primary agricultural credit society; (b) a co-operative land mortgage bank; and (c) any other co-operative society, except in the manner and to the extent specified in Part V.

Practice Next
×
×