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Why does it become difficult for farmers in rural areas to take loans from government banks? Read the following reasons and choose the most appropriate option: I. Lack of collateral II. Complicated procedure III. Higher cost of borrowing IV. Lack of awareness
Rural farmers often lack sufficient collateral or property documents, making it difficult to access bank loans. The loan process is lengthy and complicated, and most farmers are unaware of government schemes or formal banking rules. As a result, they rely on private moneylenders, leading to debt traRead more
Rural farmers often lack sufficient collateral or property documents, making it difficult to access bank loans. The loan process is lengthy and complicated, and most farmers are unaware of government schemes or formal banking rules. As a result, they rely on private moneylenders, leading to debt traps and financial exploitation. Correct Option: (C)
See lessWhich of the following groups in urban India depend on informal sources to meet their credit needs?
Poor and low-asset households in urban areas rely heavily on informal lenders such as shopkeepers or employers for loans. They cannot access bank loans due to lack of collateral, documentation, and awareness. Although informal credit provides quick cash, it often involves high interest rates, trappiRead more
Poor and low-asset households in urban areas rely heavily on informal lenders such as shopkeepers or employers for loans. They cannot access bank loans due to lack of collateral, documentation, and awareness. Although informal credit provides quick cash, it often involves high interest rates, trapping borrowers in long-term financial dependency. Correct Option: (C)
See lessExplain the role of anti-colonial movement in the rise of modern nationalism in India?
The anti-colonial struggle gave Indians a shared sense of purpose against British rule. People from diverse backgrounds united under the idea of Swaraj (self-rule). Movements led by leaders like Gandhi and Tilak fostered patriotism, equality, and self-reliance. This awakening helped Indians think beRead more
The anti-colonial struggle gave Indians a shared sense of purpose against British rule. People from diverse backgrounds united under the idea of Swaraj (self-rule). Movements led by leaders like Gandhi and Tilak fostered patriotism, equality, and self-reliance. This awakening helped Indians think beyond local identities, building a strong foundation for modern nationalism.
See lessWhy did Gandhi say ‘Satyagraha is pure soul force’? Explain by giving two arguments.
According to Gandhi, Satyagraha is a ‘pure soul force’ based on truth and non-violence. It rejects violence or revenge and instead seeks moral persuasion through peaceful resistance and self-sacrifice. By appealing to the conscience of the oppressor, Satyagraha aimed to achieve justice with dignity,Read more
According to Gandhi, Satyagraha is a ‘pure soul force’ based on truth and non-violence. It rejects violence or revenge and instead seeks moral persuasion through peaceful resistance and self-sacrifice. By appealing to the conscience of the oppressor, Satyagraha aimed to achieve justice with dignity, making it a powerful tool for social and political reform.
See lessExplain any two problems of the ‘global ecology’ arising due to indiscriminate use of resources.
Indiscriminate exploitation of natural resources has created major global ecological issues. Deforestation reduces forest cover, leading to soil erosion and biodiversity loss. Overuse of fossil fuels causes global warming and climate change. These issues result in melting glaciers, rising sea levelsRead more
Indiscriminate exploitation of natural resources has created major global ecological issues. Deforestation reduces forest cover, leading to soil erosion and biodiversity loss. Overuse of fossil fuels causes global warming and climate change. These issues result in melting glaciers, rising sea levels, and severe weather events that endanger global environmental stability.
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