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With reference to the recent National Statistical Office report on agricultural households in the country, consider the following statements:
1. Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019.
2. Of the total loan, only 57.5 per cent was taken for agricultural purposes.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the recent National Statistical Office report on agr...
Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019, says a survey conducted by National Statistical Office (NSO).
  • The survey further points out that only 69.6 per cent of the outstanding loans were taken from institutional sources like banks, cooperative societies and government agencies, while 20.5 per cent of loans were from professional moneylenders.
  • Of the total loan, only 57.5 per cent was taken for agricultural purposes, it added.
  • The NSO carried out the survey on land and livestock holdings of households and situation assessment of agricultural households in rural areas of the country during January-December 2019.
  • The survey further said the average monthly income per agricultural household during agricultural year 2018-19 was at Rs 10,218. Of this, the average income per household from wages was Rs 4,063, crop production Rs 3,798, animal husbandry Rs 1,582, non-farm business Rs 641 and leasing of land Rs 134.
  • Hence both statements are correct.
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With reference to the recent National Statistical Office report on agricultural households in the country, consider the following statements:1. Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019.2. Of the total loan, only 57.5 per cent was taken for agricultural purposes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the recent National Statistical Office report on agricultural households in the country, consider the following statements:1. Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019.2. Of the total loan, only 57.5 per cent was taken for agricultural purposes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the recent National Statistical Office report on agricultural households in the country, consider the following statements:1. Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019.2. Of the total loan, only 57.5 per cent was taken for agricultural purposes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the recent National Statistical Office report on agricultural households in the country, consider the following statements:1. Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019.2. Of the total loan, only 57.5 per cent was taken for agricultural purposes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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