Question

Consider the following statements and find the correct one

• A. Crop loans are usually short-term
• B. Crop loans are not secured
• C. Both A) and B) are correct
• D. Both A) and B) are incorrect

Answer 1

Answer:

A. Crop loans are usually short-term

• The repayment period for most crops is less than one year, but for long duration crops like sugarcane, pineapple, and banana, it can be 12–18 months.