Bece Model Questions Vol1 2023 Edo L1 Question 22

Practice objective / multiple choice question 22 from the 2023 Bece Model Questions Vol1 Edo L1 examination.

Bece Model Questions Vol1 2023 Edo L1 Objective / Multiple Choice Medium Difficulty
Question 22 BECE_MODEL_QUESTIONS_VOL1 • 2023 • EDO_L1 • objective

Obi, a farmer in Edo State, harvested 120 kg of yams in July. The market price in August dropped from ₦150 per kg to ₦110 per kg because of a bumper harvest in neighboring villages. Anticipating further price falls, Obi stored 40 kg of his yams in a cool cellar, planning to sell them later when prices recover. Based on the passage, what is the most likely reason Obi decided to store part of his produce?

Answer Options

A. He wanted to avoid spoilage by keeping them in a cool place.
B. He planned to give the stored yams as gifts to relatives during the festive season.
Correct Answer C. He expected prices to fall further and wanted to sell later at a higher price.
D. He needed extra storage space at home and decided to keep some yams there temporarily.
Correct Answer
C
Correct Option:
He expected prices to fall further and wanted to sell later at a higher price.

About This Question

This is Bece Model Questions Vol1 2023 Edo L1 Question 22. It is one of the objective questions from the 2023 Bece Model Questions Vol1 Edo L1 examination.

Difficulty level: Medium .

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