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Loan Requirements

Which of thes...

Question

Which of these is not a loan requirement in urban areas?

A

Buying a house

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B

Buying a car

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C

Buying inputs for farming

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D

Buying luxury items

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Solution

The correct option is C Buying inputs for farming
Most farmers in rural India are poor and need funds to purchase seeds, fertisers, pesticides, etc. for farming. The urban population, on the other hand, usually takes loans to buy cars, houses, luxury items, and more.

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