UPSC Exam > UPSC Questions > Productive loans by farmers are takena)to buy...
Start Learning for Free
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?
Verified 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.
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.
Free Test
FREE
| Start Free Test |
Community Answer
Productive loans by farmers are takena)to buy seeds, fertilisers, impl...
To buy seeds fertilisers, implements etc farmers take productive loans
|
Explore Courses for UPSC exam
|
|
Top Courses for UPSCView all
Question Description
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? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
Solutions for 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? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup