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Question

PACS deals directly with the rural (agricultural) borrowers, give those loans and collect repayments of loans. What does PAC stand for?

A Primary Agricultural Credit Service Correct Answer Incorrect Answer
B Primary Agricultural Cooperative Society Correct Answer Incorrect Answer
C Primary Agricultural Credit Society Correct Answer Incorrect Answer
D Private Agricultural Credit Society. Correct Answer Incorrect Answer
E Primary Agro-chemical Credit Society Correct Answer Incorrect Answer

Solution

Primary Agricultural Credit Societies are the grass root level arms of the short-term co-operative credit structure. PACS deal directly with the rural (agricultural) borrowers, give those loans and collect repayments of loans given. and also undertake distribution and marketing functions.

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