WAEC Agricultural Science 1997 Question 57

Question 57

Agricultural Finance

Farm financing may be obtained from the following except

  1. A.Commercial banks
  2. B.Agricultural insurance scheme
  3. C.Mortgage banks
  4. D.Agricultural and co-operative bank
  5. E.Savings and thrift societies.
Show the answer and explanation

Answer: C (Mortgage banks)

Explanation

Mortgage banks finance housing, not farming.