| I. These are provided for a period of less than 15 months to meet out expenses of routine farming and domestic consumptions |
| II. These are provided for a period of 15 months to 5 years to purchase agricultural equipments, animals and for land improvements. |
| III. These are provided for a period of more than 5 years. |
A) Only II
B) Only I
C) Only III
D) None of the above
Correct Answer: C
Solution :
These are provided for a period of more than 5 years. This type of loan is taken by farmers to purchase land and expensive agricultural equipments and for repayment of old loans.
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