Before institutional credit spread, moneylenders and traders often exploited small farmers by

giving loans at zero interestCorrect answerYour answerrefusing to lend at allCorrect answerYour answercharging high interest and manipulating accountsCorrect answerYour answerbuying their crops at very high prices in the marketCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

They charged very high rates and manipulated accounts, which kept small and marginal farmers in a debt trap.

Concept: Moneylenders
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsRural credit

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Ten questions from Rural Development, at your own pace.

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Before institutional credit spread, moneylenders and traders often exploited small farmers by

Explanation