WAEC Past Questions and Answers - Page 1883

9,411.

The difference between the total assets and total liabilities of a farm enterprise within a specified period before taxation is known as

A.

Net profit

B.

Liability

C.

Current asset

D.

Gross profit

E.

Net worth

Correct answer is E

No explanation has been provided for this answer.

9,412.

Farm financing may be obtained from the following except

A.

Commercial banks

B.

Agricultural insurance scheme

C.

Mortgage banks

D.

Agricultural and co-operative bank

E.

Savings and thrift societies

Correct answer is C

No explanation has been provided for this answer.

9,413.

When granting loans to farmers, the credit officer should consider mostly the

A.

Age of the farmers

B.

Consumption needs of the farmers

C.

Family size of the farmers

D.

Production and essential need of the farmers

E.

Experience of the farmers

Correct answer is D

No explanation has been provided for this answer.

9,414.

The following are functions of farm manager except

A.

Planning farm programme of work

B.

Co-ordinating the farm activities

C.

Organising sales of farm products

D.

Controlling farm workers

E.

Planting crops and vegetables

Correct answer is E

No explanation has been provided for this answer.

9,415.

Progeny selection involves selection of breeding stock on the basis of

A.

Feed conversion efficiency of the parents

B.

Sire-dam relationships

C.

Merits of the dam only

D.

Merits of each animal

E.

Performance of offspring

Correct answer is E

No explanation has been provided for this answer.