BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many types of primary agricultural credit societies are there in our country?
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Large-size societies which include Rural Banks, Agricultural Banks and credit unions
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Service co-operative
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Other small size societies
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None of the above
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Explanation:
Detailed explanation-1: -A Primary Agricultural Credit Society (PACS) is a basic unit and smallest co-operative credit institution in India It works on the grassroots level (gram panchayat and village level).
Detailed explanation-2: -The State government will share ₹156 crore for three years The State cabinet on Monday decided to computerise about 12, 000 Primary Agricultural Credit Societies (PACS).
Detailed explanation-3: -Example-seeds, fertilizers, insecticides, kerosene etc. It helps its members by providing marketing facilities that could enhance the sale of their agricultural products in the market at the proper prices.
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