The issue of “duality of control” has been in news in recent times in connection with?

Answer: [A] Urban cooperative banks

The urban credit cooperatives/banks are subjected to duality of control. The duality of control means that the administration-related aspects are being supervised and regulated by the State Government and the banking operations are supervised and regulated by the Reserve Bank of India (RBI).

This question is a part of GKToday's Integrated IAS General Studies Module