Question

143) Mishrilal tells us that every season he needs loans for cultivation on his 1.5 acres of land. Till a few years,
nnum). For the last few years, Mishrilal has been borrowing from an agricultural trader in the village at an interest
ate of three per cent per month. At the beginning of the cropping season, the trader supplies the farm inputs on
redit, which is to be repaid when the crops are ready for harvest.
nalyse the above information and tell what is the source of credit for Mishrilal? (1)
.) Formal sector
.) Secondary sector
) Informal sector
» Organised sector
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Answer 1

Answer:

ᴛʜᴜɴᴅᴇʀsᴛᴏʀᴍs ᴅᴇᴠᴇʟᴏᴘ ɪɴ ʜᴏᴛ ᴀɴᴅ ʜᴜᴍɪᴅ ᴀʀᴇᴀs. ʜɪɢʜ ᴛᴇᴍᴘᴇʀᴀᴛᴜʀᴇ ɪɴ ᴛʜɪs ᴀʀᴇᴀs ᴄᴀᴜsᴇ ʜᴏᴛ ʜᴜᴍɪᴅ (ᴡɪᴛʜ ᴡᴀᴛᴇʀ ᴠᴀᴘᴏᴜʀs) ᴀɪʀ ᴛᴏ ʀɪsᴇ ᴜᴘ. sᴏ, sᴛʀᴏɴɢ ᴜᴘᴡᴀʀᴅ ʀɪsɪɴɢ ᴡɪɴᴅs ᴡɪᴛʜ ᴡᴀᴛᴇʀ ᴅʀᴏᴘʟᴇᴛs ᴀʀᴇ ɢᴇɴᴇʀᴀᴛᴇᴅ. ... ᴜᴘᴡᴀʀᴅ ᴍᴏᴠᴇᴍᴇɴᴛ ᴏғ ᴀɪʀ ᴀɴᴅ ᴅᴏᴡɴᴡᴀʀᴅ ᴍᴏᴠᴇᴍᴇɴᴛ ᴏғ ᴡᴀᴛᴇʀ ᴅʀᴏᴘs, ᴛᴏɢᴇᴛʜᴇʀ, ᴄᴀᴜsᴇ ʟɪɢʜᴛɴɪɴɢ ᴀɴᴅ sᴏᴜɴᴅ.