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Question

_____________ are formed to provide financial support to the members.

A
Producers' co-operative societies
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B
Co-operative marking societies
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C
Co-operative credit societies
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D
Consumers' co-operative societies
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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.

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