Q119
The co-operative credit societies have a
A.
two-tier structure
B.
three-tier structure
AnswerC.
four-tier structure
D.
five-tier structure
Answer: Option B
Solution
Answer: Option B
Solution:
A credit union is a member-owned financial cooperative, democratically controlled by its members. The Co-operative Credit Institutions in India can be classified as under a three-tier structure- Primary Credit Societies at the bottom; Central Co-operative Bank at the middle; and State Co-operative Bank at the top.