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Discussion :: Indian Economy

  1. The co-operative credit societies have a

    2. A.

     two-tier structure
    B.

     three-tier structure
    C.

     four-tier structure
    D.

     five-tier structure

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    Answer : Option B

    Explanation :

    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.

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