"Co-operative bank" definition refers to which year of the DICGC Act?
Section 2(1)(i) defines "co-operative bank" by reference to clause (dd) of section 2 of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, so the…
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"Co-operative bank" definition refers to which year of the DICGC Act?
Answer and explanation
Correct answer B
Section 2(1)(i) defines "co-operative bank" by reference to clause (dd) of section 2 of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, so the cross-referenced statute is the DICGC Act of that year, not 1949, 1982, or 1992.