I-cooperative bank II- financial service cooperative Which is/are true?

• A. All
• B. None
• C. Only one
• D. Only two

Answer: (B)

Understanding the difference between a cooperative bank and a financial service cooperative helps explain why none of the broad statements fit. A cooperative bank is a banking institution that can take deposits, extend loans, and operate under banking regulation. A financial service cooperative, on the other hand, is a member-owned group that provides financial services but does not function as a full-fledged bank with deposit-taking and banking licenses, and it is typically regulated differently or not treated as a bank at all.

Because they are distinct types of organizations with different regulatory statuses and core functions, any claim that tries to blanket them with the same single truth (as suggested by the options) won’t hold. In this context, the option that none of the provided statements are true aligns with the idea that the two entities don’t share a single, uniform truth across all the described possibilities.

If you’re studying this topic, keep in mind to compare whether an entity is regulated as a bank and can accept deposits, versus whether it’s a cooperative offering financial services without banking licenses. That distinction often determines which statements about them are true or false.