Multiple choice

Which of the following statements is not correct regarding Primary Co-operative Credit Societies?

  1. These Societies mobilize deposits from rural and urban areas and provide short-term loan to its members.
  2. Entrance Fees, Share Capital, Deposits from Public, Reserve Fund, and Deposits from other credit societies/co-operative banks are the major sources of Capital of these Societies.
  3. These Societies provide loans to their members only.

  1. 1

  2. 1 and 2

  3. 2 and 3

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All three statements are correct descriptions of Primary Co-operative Credit Societies. They mobilize deposits, have diverse capital sources, and provide loans to members.

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