Post Utme Ui 2022 Economics Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Ui Economics examination.

Post Utme Ui 2022 Economics Objective / Multiple Choice

Question 31 POST_UTME_UI • 2022 • ECONOMICS • objective

Agricultural development in Nigeria has been hindered by the lack of access to credit facilities for farmers. Discuss the impact of this on the agricultural sector and suggest possible solutions.

Answer Options

Correct Answer A. The lack of access to credit facilities for farmers has led to a decrease in agricultural production, resulting in food shortages and increased prices.

B. The lack of access to credit facilities for farmers has led to an increase in agricultural production, resulting in a surplus of food and decreased prices.

C. The lack of access to credit facilities for farmers has had no impact on agricultural production.

D. The lack of access to credit facilities for farmers has led to an increase in agricultural production, but at the \cost of environmental degradation.

Correct Answer

Correct Option:

The lack of access to credit facilities for farmers has led to a decrease in agricultural production, resulting in food shortages and increased prices.

About This Question

This is Post Utme Ui 2022 Economics Question 31. It is one of the objective questions from the 2022 Post Utme Ui Economics examination.

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