The co-operative credit societies have a

A. two-tier structure

B. three-tier structure

C. four-tier structure

D. five-tier structure

Answer: Option B

Solution(By Examveda Team)

A credit union is a member-owned financial cooperative, democratically controlled by its members. The Co-operative Credit Institutions in India can be classified as under a three-tier structure- Primary Credit Societies at the bottom; Central Co-operative Bank at the middle; and State Co-operative Bank at the top.