Question

Swapna a small farmer rose 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 with which to the season the crop is hit by pest and crop fields do Sapna express her crops with expensive pesticides it makes little difference she grows over the ear large amount next year Swapna takes fresh loan for cultivation it is normal crop this year but earning are not enough to cover the old loan. she is caught in debt. she has to sell a part of the land to pay of the dept.<br />13.1 The passage given the above relates to which of the following option<br />A. Collateral Credit:<br />B. Credit recovery is very painful.<br />C. Failure of crops.<br />D. Credit is somewhere beneficial<br />13.2 According to passage Swapna faced which of the following options<br />A. Failure of the crop made the loan repayment impossible<br />B. She had to sell part of the land to repay the loan.<br />C. Credit left her worse off.<br />D. All of the above<br />which the lender supplies the borrower with me<br /><br />It refers to an arrangement in which the lender supplies the borrower with money good or services in return for the promise of future repayment it is called?<br />A term of credit<br />B credit<br />C depositor<br />D borrower<br /><br />The above passage is an example of <br />A borrowers loan<br />B debt trap<br />C collateral loan<br />D informal loan trap!<br />​

Answer 1

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