Economics · Rural Credit and Indebtedness
Consider the following statements regarding rural indebtedness: (1) It occurs due to irregular and low incomes in rural areas (2) High interest rates of informal moneylenders increase the debt burden (3) It improves the financial stability of farming households Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 2Only 1
- 3Only 2 and 3
- 4Only 1 and 2✓
Correct answer
Only 1 and 2
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