Cooperatives · solved example
The short-term cooperative credit structure in India is generally organised as:
- a three-tier structure: PACS, District Central Cooperative Banks and State Cooperative BanksCorrect
- a single national cooperative bank
- only commercial banks
- payments banks alone
Solution
Short-term cooperative credit is three-tier: PACS at the village level, DCCBs at the district level and StCBs at the state apex.