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Social StudiesClass 9CBSE
Q

On what terms did Savita get a loan from Tejpal Singh? Would Savita’s condition be different if she could get a loan from the bank at a low rate of interest?

A

Savita got a loan from Tejpal Singh at the rate of interest of 24 per cent for four months and also had to work for Tejpal Singh as a farm labourer at the wage of Rs 100 per day during the harvest season.

The case would have been different if Savita had taken the loan from a bank. The rate of interest would have been lesser than what was asked by Tejpal Singh and also she would have been able to pay complete attention to her own field during the time of harvest.

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