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ExamsIBPS POGeneral Awareness

What is the full form of PACS?

  1. Primary Agricultural Co-operative Society
  2. Price Agriculture Commission Society
  3. Primary Agriculture Crop Scheme
  4. Primary Agricultural Commission Society

Correct answer: Primary Agricultural Co-operative Society

Solution

PACS are village-level cooperatives providing short-term credit to farmers. They form the base of the three-tier cooperative credit structure (PACS → District Cooperative Banks → State Cooperative Banks).

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