Sources of farm financing II - SS1 Agriculture Past Questions and Answers - page 1
What is the primary purpose of Savings and Thrift Societies (cooperative credit societies)?
Provide high-interest savings accounts
Pool savings to offer affordable credit to members
Invest in agricultural stocks
Provide free financial education
Self-financing in farming involves:
Borrowing from banks
Using resources generated within the farm
Selling farm assets
Receiving government grants
Which government support mechanism helps farmers cope with losses due to natural disasters or market fluctuations?
Subsidies
Low-interest loans
Crop insurance
Research grants
What is the primary role of agricultural cooperatives?
Providing high-interest savings accounts to farmers
Offering free agricultural training
Pooling resources to access credit, market products, and share profits
Subsidizing farming equipment
Which source of farm financing involves members saving money regularly and providing affordable credit to one another?
Self-financing
Government grants
Savings and Thrift Societies
Private loans
What do NGOs and non-profit organizations often provide to farmers?
High-interest loans
Free farm equipment
Financial education
Financial assistance, training, and resources
Crowdfunding for farming is typically done through:
Traditional banks
Cooperative credit societies
Online platforms
Government agencies
Government subsidies for farming often target which of the following?
Increasing interest rates
Reducing the cost of inputs
Selling farm assets
Providing free education
Which source of farm financing involves using farm assets as collateral for loans?
Government support
Private loans
Savings and Thrift Societies
Self-financing
What is the primary function of government-backed agricultural banks?
Providing high-interest loans to farmers
Offering free agricultural training
Offering low-interest loans and financial support to farmers
Subsidizing farm equipment purchases