Sources of farm financing - SS1 Agriculture Past Questions and Answers - page 1
What type of financial institution specializes in providing loans to farmers?
Commercial banks
Cooperative societies
Money lenders
Agricultural banks
Which source of farm financing often has government affiliations and offers tailored loans for agricultural development?
Commercial banks
Money lenders
Cooperative societies
Individuals
Which financial institution offers a wide range of financial services, including farm financing?
Cooperative societies
Agricultural banks
Commercial banks
Money lenders
What type of organization is formed by groups of farmers to collectively address their agricultural needs, including providing farm financing?
Commercial banks
Cooperative societies
Money lenders
Individuals
Which source of farm financing often charges higher interest rates and is typically not a formal financial institution?
Commercial banks
Individuals
Agricultural banks
Cooperative societies
What is the primary purpose of money lenders in farm financing?
Providing long-term loans for land purchases
Offering flexible repayment options
Charging lower interest rates
Providing short-term loans for immediate financial needs
In what way do cooperative societies differ from commercial banks in providing farm financing?
Cooperative societies charge higher interest rates.
Commercial banks emphasize community support.
Cooperative societies are owned by the government.
Cooperative societies involve collective savings and contributions.
Which source of farm financing may involve borrowing from family members or friends?
Agricultural banks
Cooperative societies
Individuals
Money lenders
What do agricultural banks often offer farmers to support specific agricultural projects?
Lines of credit
Flexible repayment options
Low-interest rates
Crop loans
Which source of farm financing is characterized by informal agreements and potential personal relationships?
Agricultural banks
Cooperative societies
Money lenders
Commercial banks