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Mention the purposes of Agricultural and Cooperative banks? - Commerce

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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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अध्याय 11: Types of Banks - Exercises [पृष्ठ १०४]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
अध्याय 11 Types of Banks
Exercises | Q III. 3. | पृष्ठ १०४
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