Question 1

The Urban Credit Cooperatives are also commonly known as ……………….

Accepted Answer

Urban Credit Cooperatives are also commonly known as urban cooperative banks, reflecting their focus on providing banking services in urban areas.

Question 2

The cooperative credit institutions in the country may be broadly classified into …………

Accepted Answer

Cooperative credit institutions are generally classified into urban credit cooperatives and rural credit cooperatives, based on their operational areas and the clientele they serve.

Question 3

With regard to short-term credit cooperatives, at the central level ……………………….. act as a link between primary societies and State Cooperative Apex Banks.

Accepted Answer

District level cooperative banks act as a link between primary societies and State Cooperative Apex Banks, facilitating the flow of funds and ensuring the integration of the cooperative banking structure at different levels.

Question 4

The ……………………… controls the cooperative banks that falls under the banking regulation act of 1949.

Accepted Answer

The Reserve Bank of India (RBI) controls the cooperative banks under the Banking Regulation Act of 1949.

Question 5

At Ajmer in Rajasthan the first DCB was established in ………….

Accepted Answer

The first District Cooperative Bank (DCB) was established in Ajmer, Rajasthan, in 1910. This was part of the broader movement to promote cooperative banking in India, aimed at providing rural areas with better financial services and credit facilities.

Question 6

The first DCB was established at………………..in 1910.

Accepted Answer

The first District Central Cooperative Bank (DCB) was established in Ajmer, Rajasthan in 1910.

Question 7

…........is the vertex of the pyramidal structure in a State for the provision of short and medium term credit to agriculturists on cooperative basis.

Accepted Answer

State Cooperative Banks (SCBs) serve as the apex banking institutions in the cooperative banking structure of a state, providing financial resources and support to lower-tier cooperative institutions like District Central Cooperative Banks (DCCBs) and Primary Agricultural Credit Societies (PACS), thus acting as the vertex of the pyramidal structure for agricultural credit provision on a cooperative basis.

Question 8

A …………………. also acts as a balancing center and clearing house for the central cooperative banks.

Accepted Answer

State cooperative banks act as a balancing center and clearing house for the central cooperative banks, providing support and stability to the cooperative banking structure.

Question 9

…........is the birth-place of land mortgage banking

Accepted Answer

The answer of …........is the birth-place of land mortgage banking
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Question 10

Germany is the birth-place of …………..

Accepted Answer

Land mortgage banking originated in Germany, where the first mortgage bank was established in the 18th century to provide long-term loans to landowners.

Question 11

In India, the first cooperative land mortgage bank was established in ……………at Jhang in Punjab.

Accepted Answer

The answer of In India, the first cooperative land mortgage...

Question 12

In India, the first cooperative land mortgage bank was established in 1920 at…………..

Accepted Answer

The first cooperative land mortgage bank in India was established in 1920 at Jhang in Punjab, which is now in Pakistan after the partition in 1947. This initiative was part of the broader cooperative movement aimed at providing financial services and support to farmers and rural communities.

Question 13

It was from the beginning of the …………………. that the policies oriented towards development purposes were adopted and land mortgage banks were called "Land Development Banks".

Accepted Answer

The answer of It was from the beginning of the...

Question 14

The ………………………. are organized in 3 tiers namely; state, central, and primarylevel and they meet the long term credit requirements of the farmers for developmentalpurposes.

Accepted Answer

Land Development Banks are organized in three tiers - state, central, and primary level - specifically to meet the long-term credit requirements of farmers for developmental purposes.

Question 15

…........are now known as Cooperative Agriculture and Rural Development Banks .

Accepted Answer

Land Development Banks, which focus on providing long-term finance for agricultural development, have been rebranded as Cooperative Agriculture and Rural Development Banks to reflect their broader role in rural development beyond just land development.

Question 16

The origins of the urban co-operative banking movement in India can be traced to theclose of ………………………..

Accepted Answer

The origins of the urban co-operative banking movement in India can be traced back to the close of the nineteenth century. The movement began as a response to the distress of farmers and small businesses, leading to the establishment of the first co-operative credit societies.

Question 17

Committee to Review Arrangements For Institutional Credit for Agricultural and Rural Development, under the chairmanship of Sri B Sivaraman recommended the establishment of ………………………

Accepted Answer

The Committee to Review Arrangements For Institutional Credit for Agricultural and Rural Development, chaired by Sri B Sivaraman, recommended the establishment of the National Bank for Agricultural and Rural Development (NABARD).

Question 18

The Registered Office of NAFCUB is at ……………. and the area of operation is whole of the country.

Accepted Answer

The Registered Office of the National Federation of Urban Co-operative Banks and Credit Societies Ltd (NAFCUB) is located in Delhi, and it operates across the entire country.

Question 19

The …………………………….was set up in 1960 & is administered under the Multi-State Cooperative Societies Act, 2002.

Accepted Answer

The National Cooperative Agriculture & Rural Development Banks' Federation Ltd. was set up in 1960 and is administered under the Multi-State Cooperative Societies Act, 2002.

Question 20

The number of SCARDBs in India as on 31st March 2013 is……………..

Accepted Answer

As of March 31, 2013, there were 19 State Cooperative Agriculture and Rural Development Banks (SCARDBs) in India.

Quiz 1: Cooperative Credit Institutions in India: History and Structure