When a piece of land is leased to a farmer, the land is said to be
- Purchase on loan
- given to him as subsidy
- given as a gift
-
allocated on a rental basis
The correct answer is: D
Explanation
When a piece of land is leased to a farmer, it means the farmer is given the right to use the land for a specified period in exchange for payment. This is known as renting or allocation on a rental basis. It is not a subsidy, loan, or gift.