Practice & Strategy
Quick practice
Question 1 of 5
With reference to Urban Cooperative Banks in India, consider the following statements:
- They are regulated by RBI.
- They were brought under the purview of the Banking Regulation Act of 1949 through an Amendment in 1966.
- They can also issue bonds with a maturity of at least 10 years.
Which of the statements given above are correct?
A
1 and 2 only
B
1, 2 and 3
C
2 and 3 only
D
1 and 3 only
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