BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the persons living in cities and town are their members
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the agriculturists are their members
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only small and marginal farmers are their members
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only the farmers having land holding of 8 acre and above are their members
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Detailed explanation-1: -It promotes economic interest of members in accordance with the co-operative principle. It provides short term and medium term loans. It promotes savings habits among members. It supplies agricultural inputs like fertilizers, seeds, insecticides, and implements.
Detailed explanation-2: -It works on the grassroots level (gram panchayat and village level).
Detailed explanation-3: -Credit is vital to agricultural businesses because it gives farmers access to capital that might not otherwise be available to them. It helps them secure the seeds, equipment, and land they need to operate a successful farm.
Detailed explanation-4: -About: PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Credit from the SCBs is transferred to the District Central Cooperative Banks (DCCBs), that operate at the district level.