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Single Answer MCQ
Q-00045464

What can small farmers do to improve their chances of getting credit?

1

Avoid borrowing altogether

2

Provide accurate records and collateral

3

Decrease their credit needs

4

Increase their working capital

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. Provide accurate records and collateral

Solution:

Small farmers can improve their chances of getting credit by providing accurate records and collateral. This establishes trust with lenders regarding their ability to repay the loan.

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