Cooperative Credit Structure — Prelims Questions

Which of the following statements about the three-tier short-term cooperative credit structure in India is/are correct? 1. Primary Agricultural Credit Societies (PACS) directly provide credit to individual farmers. 2. District Central Cooperative Banks (DCCBs) are the apex institutions at the state level. 3. State Cooperative Banks (SCBs) receive refinance from NABARD. Select the correct answer using the code given below:

Regarding the regulation of cooperative banks in India, consider the following statements: 1. Their banking functions are regulated by the Reserve Bank of India (RBI). 2. Their administrative and management aspects are regulated by the State Registrar of Cooperative Societies. 3. The 97th Constitutional Amendment Act, 2011, fully centralized the control over all cooperative societies under the Union government. Which of the statements given above is/are correct?

What is the primary role of NABARD with respect to the cooperative credit structure?

Which of the following is a recent reform initiative aimed at strengthening Primary Agricultural Credit Societies (PACS)?

Consider the following statements regarding the constitutional provisions related to cooperative societies in India: 1. 'Cooperative societies' is a subject exclusively listed in the Union List. 2. The 97th Constitutional Amendment Act, 2011, introduced a new Part IXB to the Constitution. 3. The Supreme Court, in a recent judgment, upheld the complete validity of Part IXB for all types of cooperative societies. Which of the statements given above is/are correct?