alleryBanks governed by the State Cooperative Societies Act, giving cheap credit to members, are:
ACentral banks
BCooperative banks
CCommercial banks
DSpecialised banks
Answer & Solution
Correct answer: B. Cooperative banks
1. They are a major source of rural credit.
2. They finance agriculture.
3. These are cooperative banks.
_Source: syllabus Business Studies, Chapter 4, Business Services._
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