Class 9 Economics
Chapter 1
Story of Village Palampur
1. In what terms did Savita get a loan from Tajpal Singh? Would Savita’s condition be different if she could get a loan from the bank at a low rate of interest?
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Explanation:
Sarita would require a lot of agreements of working in his farm during sowing and harvesting She would also get a low wage there.
Savita's condition would have been better if she could get a loan from the bank. The bank would have provided her the loan at a low rate of interest. Moreover, Savita could have devoted more time on her own field instead of working for Tejpal Singh as farm labourer.
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