CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

_____________ are formed to provide financial support to the members.

A
Producers' co-operative societies
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Co-operative marking societies
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Co-operative credit societies
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Consumers' co-operative societies
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C Co-operative credit societies
Co-operative credit societies are formed to provide financial support to the members. The society accepts deposits from members and grants them loans at reasonable rates of interest in times of need. Village service cooperative society is an example of cooperative credit societies.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Cooperative Society and Other Issues
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon