Single Answer MCQ
Q-00015864
Why do farmers usually seek loans at the beginning of the crop season?
1
To purchase farm equipment
2
To repay previous loans
3
To buy inputs for crop production
4
To invest in non-agricultural ventures
Answer and Solution
Answer
C. To buy inputs for crop production
Solution:
Farmers take loans at the beginning of the season to finance costs related to seeds, fertilizers, and other inputs necessary for crop production before harvest.
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