Post Utme Summit University 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Summit University Economics examination.

Post Utme Summit University 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ECONOMICS • objective

Agricultural development in Nigeria has been hindered by the lack of access to credit facilities for farmers. Which of the following government policies would most likely address this issue?

Answer Options

Correct Answer A. Establishment of a state-owned bank to provide credit facilities to farmers
B. Introduction of a cash crop subsidy program to encourage farmers to grow high-value crops
C. Implementation of a crop insurance program to mitigate the risks associated with farming
D. Creation of a farmers' cooperative to pool resources and negotiate better prices for their produce
Correct Answer
A
Correct Option:
Establishment of a state-owned bank to provide credit facilities to farmers

About This Question

This is Post Utme Summit University 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.

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