An advantage of extensive system of rearing goats is
Low labour requirement
Easy control of disease
Indiscriminate mating
Exposure to adverse weather conditions
Correct answer is A
Extensive agriculture is an agricultural production system that uses small inputs of labour, fertilizers and capital, relative to the land being farmed.
In the case of extensive method of rearing goats, goats are allowed to graze freely on a large area of land with little labour requirement.
Records of money transactions in a farming business are termed
Farm inputs
Farm accounts
Capital
Farm liabilities
Correct answer is B
Farm accounts are statements of money paid out or received for goods and services used in the running of the farming business.
Which of the following constitutes subsidy in agricultural enterprise?
Supply of fertilizers to farmers at reduced price
Borrowing of money from a thrift society
Provision of money to farmers through commercial banks
Provision of services through cooperative societies
Correct answer is A
Supply of fertilizers to farmers at reduced price constitutes subsidy.
An increase in supply of agricultural produce can be caused by the following factors except
Reduced cost of production
Favourable weather conditions
Reduced taxation
Consumers buying less products
Correct answer is D
Consumers buying less product will not contribute to an increase in the supply of agricultural produce.
The natural resource utilized for production is
Capital
Management
Labour
Land
Correct answer is D
Land is a natural resource utilized for production.