Choose the correct statement in the context of Cooperative

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Choose the correct statement in the context of Cooperative Banks in India.
1. Cooperative Banks operate on no profit no loss basis.
2. Cooperative Banks are allowed to operate only in the agriculture sector.
3. NABARD isa Cooperative Bank.

1. 1 only
2. 1 and 2
3. 1 and 3
4. All of these

Correct Option: A

Cooperative Banks operate on no profit no loss basis, and they operate in all sectors including agriculture sector. NABARD is not a Cooperative Bank National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.