Question 486:

• WAEC 1992

Which of the following statements is not correct about agricultural production?

A. Production is incomplete until the goods get to the consumer
B. Production also includes provision of services
C. Distribution wholesale and retail trades are all part of production
D. Production deals with the provision of services on the farm
E. Production is restricted to the availability of commodity only

Question 487:

• WAEC 1992

To which of the following factors of production does the law of diminishing returns relate?

A. Unit factor
B. Fixed factors
C. Variable factors
D. Labour force
E. Labour efficiency

Question 488:

• WAEC 1992

The expenses of a complete farm enterprise record include the following except

A. List of receipts and expenses by enterprise
B. List of payable and receivable accounts
C. Farm income statements
D. List of market centres
E. An inventory

Question 489:

• WAEC 1992

Agricultural extension is best defined as

A. An informal educational process which aims at teaching farmers how to improve their farming activities and practices
B. A formal education procedure of improving the image of farmers
C. An informal educational institution where farmers can learn the art of improving their standard of living
D. An extension of agricultural institution established mainly for farmers to learn improved farming techniques
E. Formal educational process designed to teach farmers and their families improved methods of rural living

Question 490:

• WAEC 1992

Marketing functions include the following except

A. Buying agricultural commodities
B. Transporting farm produce
C. Financing agricultural production
D. Storage of farm produce
E. Planting of crops