Consider the following statements regarding District Central Co-Operative Banks-DCCBs:1. One district can have no more than one DCCB with a number of DCCBs reporting to the SCB. 2. They were under the supervision of NABARD. Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation: One district can have no more than one DCCB with a number of DCCBs reporting to the SCB.

They were under supervision of the RBI—later on this function was delegated to the NABARD.

Source: Ramesh Singh