Q1: In which Indian state was the Purvanchal Cooperative Bank located before RBI cancelled its licence?

ANS:B - Uttar Pradesh

The Purvanchal Cooperative Bank, whose licence was revoked by the RBI due to financial instability, was situated in Ghazipur, Uttar Pradesh. The cancellation of its licence was prompted by the bank's inability to maintain adequate capital and sustainable profitability, leading to the initiation of liquidation proceedings overseen by Uttar Pradesh's Cooperative Societies authorities.