Economics · Rural Credit and Indebtedness

Consider the following statements regarding rural indebtedness: (1) It occurs due to irregular income and crop failure (2) Exploitative non-institutional moneylenders increase the debt burden (3) High indebtedness improves financial stability of farmers Which of the statements given above are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1All 1, 2 and 3
2Only 1
3Only 2 and 3
4Only 1 and 2✓

Correct answer

Only 1 and 2

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