Question

In what ways do loans help in rural areas?

• A. For medical emergencies
• B. To purchase expensive phones
• C. To purchase farming equipment
• D. To purchase cattle and livestock

Answer 1

Answer: (A), (C), (D)

To purchase cattle and livestock

In rural areas, most of the money is borrowed to meet the daily needs and to run business activities. For an urban population, the loans are often used to buy expensive consumer items among various other reasons.