Either remove or correct the broken links for the site . Broken links are every important as they can reduce the relevancy of your site to the search engines which will definitely effect your ranking in the search engines . So always correct the broken links before you submit your website to search engines . 4 .

Question: How may broken links affect rankings ?
Answer: By causing your site to be ranked higher in searches .By causing the broken links to take you to the search engine site .By causing search engines to find the broken links .By causing your site to not show up when during web searches .