BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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non-availability of published data on their functioning
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the non-viability of a large number of primary agricultural credit societies
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presence of multiple structure and diverse nature of various types of primary societies
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Both A and B
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Detailed explanation-1: -Explanation: Metropolitan Cooperative Banks and Non-Agriculture Credit Cooperative Societies oblige the requirements of Non-Agriculture Credit.
Detailed explanation-2: -Large over-dues have become a big problem for the PACS. They check the circulation of loanable funds, reduce the borrowing as well as lending power of societies, and give them the bad image of the societies of defaulting debtors.
Detailed explanation-3: -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-4: -Notes: Primary credit societies are at the lowest rung and operate at village level. Then, there are central cooperative banks at the district level and state cooperative banks at the state level.