Question

13 Read the information given below and select the correct option - 1

Shyam is an agricultural labourer. There are several months in a year when he has no work

and needs credit to meet his daily expenses. He depends upon his employer, the

landowner for credit who charges an interest rate of 10 per cent per month. Shyam repays

the money by working physically for the landowner on his farmland.

Over the years his debt will –

A. Increase - because of increasing interest and non-payment of monthly amount

B. Remain constant - as he is working for the employer but is repaying less

C. Reduce - as amount equivalent to his salary is being counted as monthly repayment

D. Be totally repaid - as he is repaying the debt in the form of physical labour​

Answer 1

Answer:

I think A

Explanation:

It will increase because of increasing interest and non payment of monthly amount.

Answer 2

Answer:

may be D

Explanation:

Shyam repays  the money by working physically for the landowner on his farmland.