Question
Download Solution PDFWhat is the full form of PACS?
This question was previously asked in
RRB PO Mains Memory Based Paper (Held On: 10 September 2023)
Answer (Detailed Solution Below)
Option 1 : Primary Agricultural Co-operative Society
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Detailed Solution
Download Solution PDFThe correct answer is Primary Agricultural Co-operative Society.
Key Points
- The full form of PACS is Primary Agricultural Co-operative Society.
- Primary Agricultural Credit Societies are the grass root level arms of the short-term cooperative credit structure.
- PACS deals directly with rural (agricultural) borrowers, gives those loans, collects repayments of loans given, and also undertakes distribution and marketing functions.
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