Waec Agricultural Science Questions
Question 501:
Land in agricultural business is said to be a dural asset. This means land
- A Value is realized over several years
- B Will yield nothing except through cropping
- C Can be generated through reclamation
- D Can only be used for a short period of time
- E Is much more valuable tham labour and capital
Question 502:
The quantity of rice that an individual is able to buy during a given period of time is simply the individual's
- A Supply of rice
- B Demand for rice
- C Elastic limit for rice
- D Performance for rice
- E Purchasing power
Question 503:
The major difference between loan and subsidy is that
- A Subsidy is repayable while loan is not
- B Both cannot be available to the farmer at the same time
- C Loan is provided by government only while subsidy is not
- D Subsidy is expensive to obtain but loan is not
- E Loan is repayable while subsidy is not
Question 504:
The loss in value of an asset due to wear and tear in the course of its use is known as
- A Depreciation
- B Salvage value
- C Appreciation
- D Net worth
- E Evaluation
Question 505:
Farm-gate price is usually obtained through
- A The producer
- B Middlemen
- C Commodity boards
- D Co-operatives
- E Wholesalers