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WBCS Preliminary Examination 2015 — General Studies · Question 53 of 200

Q53
Indian EconomyMoney, Banking & Financial Institutions
The credit co-operative institution at the village level is called-
  1. a.Primary Agricultural Credit Society
  2. b.Rural Agricultural Credit Society
  3. c.Agricultural Loan Society
  4. d.Rural Bank

Answer: (A) Primary Agricultural Credit Society

Primary Agricultural Credit Societies (PACS) are the grassroots-level credit cooperative institutions in India, operating at the gram panchayat or village level. They form the smallest unit of the cooperative credit structure and provide short-term agricultural loans to farmers. PACS are the foundation of the three-tier cooperative credit system.

Q52 Whole paperQ54
The credit co-operative institution at the village level is called- — WBCS Preliminary Examination 2015 Q53 | Prostuti360°