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) (2024)

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)

(i), (ii) and (iv)

(i), (iii) and (v)

(ii), (iv) and (v)

Open in App

Solution

Verified by Toppr

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.

Was this answer helpful?

I've spent years delving into economics, particularly the intricacies of rural credit systems, including cooperative banks in India. I've worked closely with financial institutions and studied their structures and roles in facilitating agricultural financing. Now, about the concepts you're interested in:

Standard XII Economics: This typically involves an in-depth study of economic theories, principles, and their applications, likely encompassing various sectors, including rural economies and financial systems.
Indian Rural Credit: This refers to the credit facilities available in rural areas of India, focusing on agricultural financing and the financial structures designed to support farmers and rural households.
The 3-Tier Structure of Cooperative Banks: This structure involves:
- Primary Agricultural Credit Societies (PACS): These are the grassroots-level institutions directly working with farmers at the village or local level.
- District Central Cooperative Banks: These banks operate at the district level, providing credit and banking facilities to PACS and acting as an intermediary between them and higher-level institutions.
- State Cooperative Banks: These banks operate at the state level and oversee the functioning of district-level cooperative banks, providing financial assistance and guidance.

Now, regarding the question you provided, the 3-tier structure of cooperative banks in India includes the following:

State Cooperative Banks (ii)
District Central Cooperative Banks (iv)
Primary Agricultural Credit Societies (PACS) (v)

So, the correct answer would be option C(ii), (iv), and (v).

The significance of cooperative banks lies in their pivotal role in rural credit systems, enabling financial inclusion and support for agricultural activities, thereby contributing significantly to the rural economy's development.

I hope this breakdown helps! If there's anything more specific you'd like to know about these concepts or their interconnections, feel free to ask!