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Subjects
Class 11Home ScienceWork, Livelihood and CareerTraditional occupations in India - AgricultureHardLevel 7

What threat does borrowing from a moneylender at high interest create for a farmer livelihood?

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Answer and explanation

Correct answer: Debt trap and pressure on income

High interest can take a large share of income. In exams, connect informal credit with debt trap.

Tags

agriculturecreditmoneylenderdebt-trap

Frequently asked questions

What is the correct answer to this question?

Debt trap and pressure on income

Why is this the correct answer?

High interest can take a large share of income. In exams, connect informal credit with debt trap.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Agriculture.

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