Question

The 3-tier structure of co-operative banks includes which of the following?
(i) NABARD
(ii) State Cooperative Banks
(iii) Central Cooperative Banks
(iv) District Central Cooperative Banks
(v) Primary Agricultural Credit Societies (PACS)

• A. (i), (ii) and (iv)
• B. (i), (iii) and (v)
• C. (ii), (iv) and (v)
• D. (ii), (iii) and (v)

Answer 1

The correct option is C (ii), (iv) and (v)

The 3-tier structure of co-operative banks includes :-a) State Cooperative Banksb) Primary Agricultural Credit Societies (PACS)

c) District Central Cooperative Banks

Co-operative banks have a 3-tier structure.Cooperative banks as a cooperative credit institution provide both medium-term as well as short-term.loans.Cooperatives provide Institutional credit which assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.