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Person X is discussing different borrowing situations in rural areas and tries to identify which one would be considered a favourable credit arrangement. Which of the following options do you think the best supports X’s understanding?
A favourable credit arrangement is one that benefits the borrower without leading to debt. Option (c) is correct because the farmer takes a low-interest bank loan for productive agricultural purposes, ensuring better income and easy repayment. Hence, the correct option is (c).
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