Question

Complete the following statements:

1. Productive loans are economically justified because ______
a) They are related to agricultural production.
b) They are used for personal consumption.
c) They help in eradication of poverty
d) They improve the quality of life of the people

2. The quality of life of the rural people can be
improved by_________
a) Providing safe drinking water, health and hygiene
facilities.
b) Effective implementation of land reforms
c) Providing subsidized credit facilities
d) Reducing rural inequality.​

Answer 1

Answer:

1)c

2)a..

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Answer 2

1. Productive loans are economically justified because they help in the eradication of poverty.

Explanation:

• Productive loans are given for setting up industries or business which not only increase business and economic activities but also eradicate poverty by giving employment to a large section of people.

2. The quality of life of rural people can be improved by providing safe drinking water, health, and hygiene facilities to them.

Explanation:

• Although subsidized credit facilities help in improving the income level of rural people, the quality of life is measured on the parameters such as safe drinking water, electricity supply, better road connectivity, health facilities and so on.

Learn more about rural areas:

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