Choose the given statement is True/False:

In Palampur, small farmers can get capital for other ventures using their revenue itself.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The above statement is false.
In Palampur, small farmers depend on borrowed money to venture into other market activities and even farming. Large farmers, village moneylenders and traders lend the money to them. The problem with this type of borrowing is that the interest rates are high. And because of this, they are often left unable to repay the loans and in great distress. On the other hand, the medium and large farmers manage their farm revenues to arrange for capital to follow other pursuits and invest in their farms.
The correct statement is “In Palampur, small farmers have to depend on borrowed money to venture into other market activities and even for farming”.

Watch 3-min video & get full concept clarity