Single Answer MCQ
Q-00002703

Explain with an example how the terms of credit can be unfavourable for small farmers.

1

High interest rates

2

Short repayment period

3

Lack of flexibility

4

All of the above

Answer and Solution

Answer

D. All of the above

Solution:

The terms of credit can be unfavourable for small farmers if they involve high interest rates, short repayment periods, and lack of flexibility in loan terms.

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