25 Read the given extract and answer the following questions.
Savita is a small farmer. She plans to cultivate wheat on her one hectare of land. Besides
seeds, fertilizers and pesticides she needs cash to buy water and repair her farm
instruments. She estimates that the working capital itself would cost a minimum of Rs 3000.
She does not have the money so she decides to borrow from Tejpal Singh, a large farmer.
Tejpal Singh agrees to give Savita the loan at an interest rate of 24% for 4 months which is a
very high interest rate. Savita also has to promise to work on his field as a farm labourer
during the harvest season at Rs 35 per day. As you can tell that this wage is quite low. Savita
knows that she will have to work very hard to complete harvesting on her own field, and
then work as a farm labourer for Tejpal Singh. The harvest time is very busy time. As a
mother of three children she has a lot of household responsibilities. Savita agrees to these
tough conditions as she knows getting a loan is difficult for a small farmer.
Answer the following MCQs by choosing the most appropriate option
25.1. What does Savita plan to cultivate in her field? 1
A: wheat
B: rice
C: cotton
D: maize
25.2. Who gave Savita loan? 1
A: Tejpal Singh
B: Bank
C: Government
D: None of these
25.3. Savita’s per day income was ____. 1
A. Rs 45
B. Rs 25
C. Rs 35
D. Rs 50
25.4. Savita is a mother of ______ children. 1
A. 1
B. 2
C. 3
D. 4
Answers
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Explanation:
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Explanation:
1) Savita plans to cultivate WHEAT in her field.
2) TEJPAL SINGH gave Savita a loan.
3) Ruppees 35 was Savita's income.
4) Savita is the mother of THREE children.
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