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Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India.
- PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level.
- Individual farmers are members of the PACS, and office-bearers are elected from within them.
- A village can have only one Primary Agricultural Credit Society.
Which of the above statements is/are correct?
- a)1 only
- b)1, 2
- c)1, 3
- d)2, 3
Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding Primary Agricultural Credi...
Primary Agricultural Credit Societies (PACS) in India:
Statement 1: PACS are village-level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level.
This statement is correct. Primary Agricultural Credit Societies (PACS) are village-level cooperative credit societies that form the last tier in the three-tier cooperative credit structure in India. The three tiers are as follows:
1. State Cooperative Banks (SCBs): These banks operate at the state level and provide financial assistance to the district central cooperative banks (DCCBs) and PACS.
2. District Central Cooperative Banks (DCCBs): DCCBs operate at the district level and provide financial assistance to PACS.
3. Primary Agricultural Credit Societies (PACS): PACS are village-level cooperative credit societies that directly serve the individual farmers and are the last point of contact for credit delivery.
Statement 2: Individual farmers are members of the PACS, and office-bearers are elected from within them.
This statement is incorrect. While individual farmers are indeed the members of PACS, the office-bearers are not necessarily elected from within the PACS. The office-bearers are elected through a democratic process, but they may or may not be farmers themselves. The elected office-bearers are responsible for the management and functioning of the PACS.
Statement 3: A village can have only one Primary Agricultural Credit Society.
This statement is correct. Each village in India typically has only one Primary Agricultural Credit Society. This ensures that the credit needs of the farmers in the village are met efficiently and that the resources are not scattered across multiple societies.
Therefore, the correct statements are:
a) 1 only
Statement 1: PACS are village-level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level.
This statement is correct. Primary Agricultural Credit Societies (PACS) are village-level cooperative credit societies that form the last tier in the three-tier cooperative credit structure in India. The three tiers are as follows:
1. State Cooperative Banks (SCBs): These banks operate at the state level and provide financial assistance to the district central cooperative banks (DCCBs) and PACS.
2. District Central Cooperative Banks (DCCBs): DCCBs operate at the district level and provide financial assistance to PACS.
3. Primary Agricultural Credit Societies (PACS): PACS are village-level cooperative credit societies that directly serve the individual farmers and are the last point of contact for credit delivery.
Statement 2: Individual farmers are members of the PACS, and office-bearers are elected from within them.
This statement is incorrect. While individual farmers are indeed the members of PACS, the office-bearers are not necessarily elected from within the PACS. The office-bearers are elected through a democratic process, but they may or may not be farmers themselves. The elected office-bearers are responsible for the management and functioning of the PACS.
Statement 3: A village can have only one Primary Agricultural Credit Society.
This statement is correct. Each village in India typically has only one Primary Agricultural Credit Society. This ensures that the credit needs of the farmers in the village are met efficiently and that the resources are not scattered across multiple societies.
Therefore, the correct statements are:
a) 1 only
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Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements regarding Primary Agricultural Credit Societies (PACS) in India. PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Individual farmers are members of the PACS, and office-bearers are elected from within them. A village can have only one Primary Agricultural Credit Society.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
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