Economics · Economy
Consider the following statements regarding Primary Agricultural Credit Societies (PACS): 1. PACS are the ground-level cooperative credit institutions that provide short-term and medium-term agricultural loans to farmers for various agricultural and farming activities. 2. The first Primary Agricultural Credit Society (PACS) was formed in the year 1904. 3. Primary Agricultural Credit Societies confer equal rights to all their members without considering their holding of shares and their social standing. How many of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 2All three✓
- 3Only two
- 4Only one
Correct answer
All three
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