Prelims 2021 • Paper 1 (GS) • Q.5

Prelims 2021Paper 1 (GS) • Q.5
PrelimsPaper 1 (GS)2021 • Q.5
Polity

With reference to 'Urban Cooperative Banks' in India, consider the following statements :

1
They are supervised and regulated by local boards set up by the State Governments.
2
They can issue equity shares and preference shares.
3
They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966.
2021 PrelimsPaper 1 (GS)

Syllabus Connection

Statutory, regulatory and various quasi-judicial bodies. (GS-II)

NCERT Connection

Ch.3: Money and Credit

Economics • Class 10Class 10 Understanding Economic Development

Ch.3: Money and Banking

Economics • Class 12Class 12 Macroeconomics

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