Question

state with reason whether you agree or disagree with the following statement :

1) The interest charged by the money lenders is usually very low

2) Long term credit is for a period upto five years

3) Agriculture sector have no problems​

Answer 1

Answer:

no,yes,no

Explanation:

the intrest charge by money lender is always high

Answer 2

1) Disagree

2) Agree

3) Disagree

Explanation:

Reasons for disagreement with statement 1 and 3 are as follow :

1) To compensate for this risk, lenders often charge a higher interest rate on personal loans (18 percent fixed as maximum rate of interest). One of the most important aspects in determining interest rates is risk rating.

3) The agricultural industry has faced continuous problems, resulting in poor farm incomes, low rural employment, a lack of food security, and a lack of agricultural competitiveness.