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Assertion : Credit would be useful or not depends on the risk involved in a situation.
Reason: The chance of benefitting from credit is highest in agriculture sector.
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Answer:
Assertion is true but the Reason is false
Explanation:
Credit is useful. But when it comes to the people from the agricultural sector, they have a risk in taking credits. This is because, in the agricultural sector, the people don't know whether or not they will get benefit from their crop to repay back the loan taken. These people, since they are poor, they also don't want to take credit because they have to give collateral.
Collateral refers to an asset that a lender accepts as security for a loan.
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