Question

Village Service Co-operative Society and Urban Co-operative Banks are examples of ________________.

• A. Producers' co-operative societies
• B. Co-operative marketing societies
• C. Co-operative credit societies
• D. Consumer's co-operative societies

Answer 1

Answer: (C)

Co-operative credit societies

Village Service Co-operative Society and Urban Co-operative Banks are examples of Credit cooperative societies, these societies are formed to provide credit facilities to their members who need financial assistance in the form of loans and they provide loans out of the amount collected from the members as capital and deposits. Their main aim is to provide loans to the deprived members at a low rate of interest.

Thus the correct answer is C.