Question

small farmers grow groundnut on her 3 acres of land she takes a loan from money lender to meet the expenses of cultivation hoping that harvest would help repay the loan through the season the crop is hit by test and the profile for Sapna sprays the crop with expensive pesticides it makes little difference she grew over the ear into a large amount next year Sapna takes a fresh loan for cultivation it is normal crop this year but he earns are not enough to cover the old launch she got in that she has to sell a part of the land to pay off the debt. ananswer the following MCQs by choosing the most appropriate options for
{1.}the passage given above related relates to which of the following option (a) collateral credit (b)credit recovery is very painful (c) failure of crop (d)credit is somewhere beneficial
{2.} according to the passage Swapna faced which of the following options:
{a. }failure of the crop made loan repayment impossible
{b.} she had to sell part of the land to repay the loan.
{c. }credit left her words off .
{d. }all of the above.
{3}.it refers to an agreement in which the lender supplied the borrower with money goods or services in return for the promise of future came it it is called-
{a.} term of credit
{b.}credit
{c}. depositor
{d.} borrower
{4.} the above passage is an example of-
{a. }collateral loan
{b. }borrower's loan
{c.} dept- trap
{d.} informal loan trap.
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Answer 1

Answer:

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