At which level of India's short-term cooperative credit structure does a Primary Agricultural Credit Society (PACS) operate?

Village or grassroots level. The correct answer is village or grassroots level. RBI says PACS sit at the village level in the three-tier system. NABARD calls PACS grassroots institutions in villages. Their member shareholders are individual farmers, artisans and other weaker sections. DCCBs sit at the district level. StCBs sit at the state level. Read more: The Short-Term Cooperative Credit Structure: PACS, DCCBs and NABARD.

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Which of these is outside the purview of the Banking Regulation Act, 1949, and so is not regulated by the Reserve Bank of India?

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Which of these is outside the purview of the Banking Regulation Act, 1949, and so is not regulated by the Reserve Bank of India?

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