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Agricultural Science 1999 WAEC Past Questions

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51
The natural resource utilized for production is
  • A. capital
  • B. management
  • C. labour
  • D. land
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52
An increase in supply of agricultural produce can be caused by the following except
  • A. reduced cost of production
  • B. favourable weather conditions
  • C. reduced taxation
  • D. consumers buying less products
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53
Which of the following constitutes subsidy in agricultural enterprise?
  • A. supply of fertilizer to farmers at reduced price
  • B. borrowing of money from a thrift society
  • C. provision of money to farmers through commercial banks
  • D. provision of services through co-operative societies
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54
Records of money transactions in a farming business are termed
  • A. farm inputs
  • B. farm accounts
  • C. capital
  • D. farm liabilities
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55
Calculate the salvage value of a tractor with a depreciation value of N10,580.00 and initial cost of N50,000.00 after a year of use.
  • A. N10,580.00
  • B. N30,290.00
  • C. N39,420.00
  • D. N60,580.00
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