economicsChoose if the given statement is True/False:A large section of the Indian workforce works in the primary sector.

Choose if the given statement is True/False:


A large section of the Indian workforce works in the primary sector.


  1. A
    True
  2. B
    False 

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    Solution:

    The above statement is True.
    A large section of the Indian workforce works in the primary sector. As India is an agrarian economy, most people from rural households work in agriculture. These rural people need money for their working capital requirement, and in the absence of banks and cooperative societies, these people go to moneylenders. These moneylenders exploit the rural farmers by lending them at a high-interest rate.
     
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