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Mr.Y needs a loan for buying fertilisers to enhance crop production.He borrows loan from a bank as it is

(i) Cheap and affordable since rate of interest is lower

(ii) free from falling into a debt trap

(iii) going to ask him to sell his property

(iv) free of interest

(a) Only i

(b) I ii and iv

(c) i and ii

(d) Only ii

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Correct answer is (c) i and ii

Mr.Y needs a loan for buying fertilisers to enhance crop production. He borrows loan from a bank as it is (i) Cheap and affordable since rate of interest is lower and (ii) free from falling into a debt trap.

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