Post Utme Uniben 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice

Question 2 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

Agricultural development in Nigeria has been hindered by the lack of access to credit facilities by farmers. What is the most likely consequence of this lack of access to credit?

Answer Options

A. Increased production \costs for farmers.

Correct Answer B. Reduced agricultural productivity.

C. Increased food prices for consumers.

D. Decreased agricultural investment.

Correct Answer

Correct Option:

Reduced agricultural productivity.

About This Question

This is Post Utme Uniben 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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