Post Utme Covenant University 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_COVENANT_UNIVERSITY • 2023 • ECONOMICS • objective

The agricultural sector in Nigeria is a significant contributor to the country's GDP. However, the sector is also characterized by low productivity and limited access to credit. What is the most likely cause of these problems?

Answer Options

A. Lack of investment in agricultural research and development
Correct Answer B. Limited access to credit and high interest rates
C. Low productivity due to inadequate use of techno\logy
D. Government policies that favor the industrial sector
Correct Answer
B
Correct Option:
Limited access to credit and high interest rates

About This Question

This is Post Utme Covenant University 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Covenant University Economics examination.

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