Consider the following statements regarding the Urban Co-operative Banks in India: The term Urban Co-operative Banks (UCBs) refers to primary cooperative banks located in urban and semi-urban areas. There shall be a Board of Management (BoM) in every UCB if there is no Board of Directors. Key responsibilities of BoM of UCBs will include credit management, risk management,and liquidity management. Which of the following statement(s) is/are true?

Consider the following statements regarding the Urban Co-operative Banks in India:

1. The term Urban Co-operative Banks (UCBs) refers to primary cooperative banks located in urban and semi-urban areas.
2. There shall be a Board of Management (BoM) in every UCB if there is no Board of Directors.
3. Key responsibilities of BoM of UCBs will include credit management, risk management,and liquidity management.

Which of the following statement(s) is/are true?

1). 1 and 2
2). 2 and 3
3). 1 and 3
4). All of the above

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