Why does it become difficult for farmers in rural areas

Money and Credit (10)

Why does it become difficult for farmers in rural areas to take loans from government banks ? Read the following reasons and choose the most appropriate option: 

  1. Lack of collateral
  2. Complicated procedure
  3. Higher cost of borrowing
  4. Lack of awareness
  • A: Only I, II and III are correct
  • B: Only II, III and IV are correct
  • C: Only I, II and IV are correct
  • D: Only I, III and IV are correct
  • Correct Answer: C
  • Answer:

    Only I, II and IV are correct

     
  • Exam Year: 2025