BANK Rajasthan Cooperative Board Clerk / Junior Assistant Mock Test 2021 General Knowledge Polity State Government
According to the Rajasthan Co-operative Societies Act, 2001, which among the following statements is incorrect regarding the lending policy?
1
A Co-operative Society can make a loan to any person other than a member
2
At least one-third of the total amount of loan to be sanctioned by a farmer's service society to the weaker section members
3
The State Government may fix different percentages of reservation of loan for weaker sections
4
The Government can prohibit the lending of money on mortgage of immovable property by any society
5
The lending policy of a financing bank shall be approved by the Government