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Subjects
Class 11Home ScienceWork, Livelihood and CareerTraditional occupations in India - AgricultureHardLevel 8

Why is it necessary for a farming family to understand the difference between crop loan and consumer loan?

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Answer and explanation

Correct answer: Financial planning for productive investment and household expense differs

Purpose of loan affects repayment capacity. In exams, write the difference between productive and consumption loans.

Tags

agriculturecrop-loanconsumer-loanfinancial-literacy

Frequently asked questions

What is the correct answer to this question?

Financial planning for productive investment and household expense differs

Why is this the correct answer?

Purpose of loan affects repayment capacity. In exams, write the difference between productive and consumption loans.

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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