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    Question

    A loan which is given for time period of 15 months and

    could be utilized for purchasing of seeds and fertilizers is known as__________
    A Short Term Loan Correct Answer Incorrect Answer
    B Long Term Loan Correct Answer Incorrect Answer
    C Medium Term Loan Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    Short-term loans are characterised as short-term borrowings made to satisfy urgent financial needs. These are utilized for purchasing seeds, fertilizers, pesticides, and other inputs required for crop production.

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