Co-operative credit societies in India: Identify the structural form. Full question: The co-operative credit societies have a what kind of organizational structure? Choose the correct option.
General Knowledge
Indian Economy
Difficulty: Easy
Choose an option
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AFederal (three-tier) structure: PACS–DCCB–SCB
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BUnitary single-tier structure with no apex/linkage
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CFranchise model governed by Companies Act
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DAd-hoc committees with rotating leadership and no tiers
Answer
Correct Answer: Federal (three-tier) structure: PACS–DCCB–SCB
Explanation
Given data
- Topic: Structure of co-operative credit societies.
Concept / Approach India follows a federal, pyramidal structure for rural co-operative credit: Primary Agricultural Credit Societies (PACS) at the village level, District Central Co-operative Banks (DCCBs) at the district level, and State Co-operative Banks (SCBs) at the apex.
Final Answer Federal (three-tier) structure: PACS–DCCB–SCB.