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Rural Development in India — Economics STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsEconomicsRural Development in India4 Marks
Question
Unproductive loans are economically justified.
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Answer

No, I do not agree with the statement.
  • Productive loans are economically justified as they are used for production purposes.
  • Unproductive loans are used for personal consumption and are not related to productive activity.
  • Eg. loans for expenditure on marriages or religious ceremonies.
  • Thus, unproductive loans are not economically justified.

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