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WAEC Agricultural Science 1997 Question 56

Question 56

Agricultural Finance

When granting loans to farmers, the credit officer should consider mostly the

  1. A.age of the farmers
  2. B.consumption needs of the farmers
  3. C.family size of the farmers
  4. D.production and essential need of the farmers
  5. E.experience of the farmers.
Show the answer and explanation

Answer: D (production and essential need of the farmers)

Explanation

Loans should be matched to the farmer's production needs.