WBCS.LIVE practice question

The credit co-operative institution at the village level is called—

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Primary Agricultural Credit Society
  2. Rural Agricultural Credit Society
  3. Agricultural Loan Society
  4. Rural Bank

Correct answer and explanation

Correct answer: Primary Agricultural Credit Society

Explanation: ✅ Correct Answer: A) Primary Agricultural Credit Society 📚 Explanation: The Primary Agricultural Credit Society (PACS) is the basic unit of the cooperative credit structure in India, operating at the village level. It provides short-term and medium-term loans directly to farmers for agricultural needs. These societies are the foundation of rural financial inclusion.