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Question
Choose the wrong pair:
Options
Agricultural Credit Requirement Short-term Purchase of fertilizers Agricultural Credit Requirement Medium-term to meet expenditures on marriages Agricultural Credit Requirement Long-term to buy tractor
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Solution
Wrong Pair: Medium-term: to meet expenditures on marriages.
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RELATED QUESTIONS
Assertion and Reasoning – choose the correct answer from the following :
Assertion (A): Agricultural credit is mostly for unproductive purposes.
Reasoning (R): Agricultural credit is an important pre-requisite for agricultural growth.
Identify and explain the concept from the given illustration:
Raoji purchased a new tractor for his farm by taking a loan.
Identify and explain the concept from the given illustration:
Subsidized credit is provided by banks to small farmers for the purchase of high yielding variety (HYV) seeds.
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Damaji borrows loan from a credit society established in the village this season rather than taking it from a moneylender.
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Ramraoji takes a loan from the bank for a period of ten years subject to terms and conditions for the purpose of irrigated farming.
What is the main purpose of agricultural credit for farmers?
Which type of agricultural credit is given for less than or up to 2 years?
If a farmer takes a loan to buy a tractor, under which category does it fall by tenure?
Which of the following examples best illustrates unproductive agricultural credit?
Why is agricultural credit considered important in rural areas?
Why can borrowing from moneylenders be risky for farmers?
