UPSC Exam > UPSC Questions > Productive loans by farmers are takena)to buy...
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Productive loans by farmers are taken
- a)to buy seeds, fertilisers, implements etc.
- b)for celebration of marriages
- c)for storage of foodgrains in godowns
- d)none of the above
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Productive loans by farmers are takena)to buy seeds, fertilisers, impl...
Explanation:
Farmers take loans for various purposes, but productive loans are those that are taken for farming-related activities. The correct option among the given options is A, which states that farmers take loans to buy seeds, fertilisers, implements, etc. Let us understand this in detail:
Productive loans by farmers:
The loans taken by farmers for farming-related activities are called productive loans. These loans are used for various purposes, such as:
- Buying seeds: Farmers require good quality seeds to get a good yield. They take loans to buy seeds of better quality that can withstand pests, diseases, and adverse weather conditions.
- Buying fertilisers: Fertilisers are essential for the growth of crops. Farmers take loans to buy fertilisers that provide essential nutrients to their crops and enhance the growth of their crop.
- Buying implements: Implements such as tractors, ploughs, harvesters, and other equipment are necessary for farming activities. Farmers take loans to buy or rent these implements.
- Paying for labour: Farmers need labourers to help them with their farming activities. They take loans to pay for the wages of the labourers.
Non-productive loans by farmers:
Non-productive loans are those taken by farmers for activities other than farming. These loans are not used for any productive purpose and do not generate any income. Some examples of non-productive loans are:
- Celebrations: Farmers take loans to celebrate weddings, festivals, or other events. These loans are not used for any productive purpose and only add to the burden of debt.
- Buying luxury items: Some farmers take loans to buy luxury items such as cars, bikes, or other expensive things. These loans do not generate any income and only add to the debt burden.
Conclusion:
In conclusion, farmers take loans for various purposes, but productive loans are those that are taken for farming-related activities. These loans are used to buy seeds, fertilisers, implements, and other items that are necessary for farming activities. Non-productive loans are taken for activities other than farming and do not generate any income.
Farmers take loans for various purposes, but productive loans are those that are taken for farming-related activities. The correct option among the given options is A, which states that farmers take loans to buy seeds, fertilisers, implements, etc. Let us understand this in detail:
Productive loans by farmers:
The loans taken by farmers for farming-related activities are called productive loans. These loans are used for various purposes, such as:
- Buying seeds: Farmers require good quality seeds to get a good yield. They take loans to buy seeds of better quality that can withstand pests, diseases, and adverse weather conditions.
- Buying fertilisers: Fertilisers are essential for the growth of crops. Farmers take loans to buy fertilisers that provide essential nutrients to their crops and enhance the growth of their crop.
- Buying implements: Implements such as tractors, ploughs, harvesters, and other equipment are necessary for farming activities. Farmers take loans to buy or rent these implements.
- Paying for labour: Farmers need labourers to help them with their farming activities. They take loans to pay for the wages of the labourers.
Non-productive loans by farmers:
Non-productive loans are those taken by farmers for activities other than farming. These loans are not used for any productive purpose and do not generate any income. Some examples of non-productive loans are:
- Celebrations: Farmers take loans to celebrate weddings, festivals, or other events. These loans are not used for any productive purpose and only add to the burden of debt.
- Buying luxury items: Some farmers take loans to buy luxury items such as cars, bikes, or other expensive things. These loans do not generate any income and only add to the debt burden.
Conclusion:
In conclusion, farmers take loans for various purposes, but productive loans are those that are taken for farming-related activities. These loans are used to buy seeds, fertilisers, implements, and other items that are necessary for farming activities. Non-productive loans are taken for activities other than farming and do not generate any income.
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Community Answer
Productive loans by farmers are takena)to buy seeds, fertilisers, impl...
Collateral is an asset that a borrower offers to a lender as security for a loan. If the borrower fails to repay the loan, the lender has the right to seize the collateral. Livestock, land, and deposits with banks are all common forms of collateral, as they can be easily valued and sold by the lender if necessary. Therefore, option (d) "All of the above" is the correct answer.
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Productive loans by farmers are takena)to buy seeds, fertilisers, implements etc.b)for celebration of marriagesc)for storage of foodgrains in godownsd)none of the aboveCorrect answer is option 'A'. Can you explain this answer?
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