The credit requirements of farmers can be classified into productive and unproductive borrowings. State True or False.

True.

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False.

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Solution

The correct option is A
True.

True. The credit requirements of farmers can be classified into productive and unproductive. The former includes loans to buy seeds, fertilizers and implements and also to meet requirements of agricultural operations. Unproductive borrowing is meant for purposes like marriages and festive occasions.

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