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Types of Borrowing

Moneylenders,...

Question

Moneylenders, landlords etc. charge low rate of interest from poor farmers.

A

True

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B

False

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Solution

The correct option is B
False

False. Moneylenders, landlords etc. charge unfairly high rate of interest from poor farmers.

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Similar questions

Q. Small and medium farmers are forced to borrow money from moneylenders, traders, millers etc because ___________________.

Q. Under the Paavala Vaddi scheme, self-help groups charge as interest for every 100 rupees, while moneylenders charge as interest.

Q. Farmers gets money from ___ at higher interest rates.

Q. Consider the following statements-
1.The paddy traders charge a commission of different kinds from the farmers.
2.Many of the farmers get delayed payments. Since these traders and landlords lend money in desperate times farmers have to sell their paddy to them.
Which of the above statements are correct?

Q. Why do farmers often have to borrow money from moneylenders or brokers? Select the most suitable option(s).

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