Choose given statement is true/false:

Santhals were given loans at a minimal interest rate by the moneylenders.

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True

False

answer is B.

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Detailed Solution

The above statement is False.
Moneylenders oppressed the Santhals by charging them exorbitant interest rates and seizing their land when they couldn't make payments. Zamindars also exerted more control over their territories. The Santhals were reduced to becoming enslaved, landless workers in their own homes. These moneylenders took advantage of them and made them live in poverty. In addition to their extreme poverty and the humiliation of being landless in what was historically their territory, they were burdened by large debts that kept piling up.
The correct statement would be that the Santhals were given loans at a very high-interest rate by the moneylenders.

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