Waec Agricultural Science 2002 Past Questions and Answers

Question 51:

• WAEC 2002

In a crop production enterprise, a fixed factor of production could be the

A. Size of the land
B. Amount of labour required
C. Amount of capital employed
D. Entreprenurial skill of the farmer

Question 52:

• WAEC 2002

On a curve for the law of diminishing returns, maximum output is obtained at the

A. Beginning of the curve
B. End of the curve
C. Apex of the curve
D. Middle of the curve

Question 53:

• WAEC 2002

Farmers often find it difficult to obtain loans from banks for agricultural projects because they

A. Have no tax clearance certificates
B. Lack information on agricultural loans
C. Have no collateral security
D. Lack technical know-how

Question 54:

• WAEC 2002

Farm accounts help the farmer to

A. Manage the farm as a business
B. Acquire skills for tools maintenance
C. Keep records
D. Adopt modern farming techniques

Question 55:

• WAEC 2002

A maize farmer obtains a loan of N120,000.00 at an interest rate of 9% to be repaid in one year.Calculate the interest to be paid on the loan.

A. N10,800.00
B. N13,333.00
C. N109,200.00
D. N1,080,000.00