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प्रश्न
Mention the purposes of Agricultural and Cooperative banks?
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उत्तर
Their foremost objective is providing service to its members for rural and agricultural development and not profit earning. They are set up in towns and villages rather than cities. Compared to the commercial banks they offer less variety of services as the bye-laws do not permit all commercial bank activities.
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संबंधित प्रश्न
Distinguish between the following:
Current account & Recurring deposit account
State with Reasons whether the following statement is TRUE or FALSE.
Overdraft facility is given to saving account holders.
Explain the different types of banks.
Give the meaning of Commercial Banks?
Briefly explain about Correspondent Banks?
The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.
Which of the following banks regulate the supply of money in the economy?
What is a Banker’s Cheque?
Why was EXIM Bank set up in India?
Which type of bank mainly provides long-term credit for agriculture?
