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
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Self-financing in farming involves:
Borrowing from banks
Using resources generated within the farm
Selling farm assets
Receiving government grants
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Which government support mechanism helps farmers cope with losses due to natural disasters or market fluctuations?
Subsidies
Low-interest loans
Crop insurance
Research grants
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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
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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
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What do NGOs and non-profit organizations often provide to farmers?
High-interest loans
Free farm equipment
Financial education
Financial assistance, training, and resources
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Crowdfunding for farming is typically done through:
Traditional banks
Cooperative credit societies
Online platforms
Government agencies
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Government subsidies for farming often target which of the following?
Increasing interest rates
Reducing the cost of inputs
Selling farm assets
Providing free education
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Which source of farm financing involves using farm assets as collateral for loans?
Government support
Private loans
Savings and Thrift Societies
Self-financing
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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
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