Syllabus content and objectives
Official WAEC Agricultural Science outline · Section I: Agricultural Economics and Extension
Content
a. Meaning of agricultural finance
Objective
Candidates should be able to define agricultural finance
Content
b. Importance of agricultural finance
Objective
Candidates should be able to state its importance
Content
c. Sources of farm finance
Objective
Candidates should be able to identify sources of farm finance
Content
d. Classes of farm credit: (i) based on length of time – short-term, medium-term, long-term; (ii) based on source – institutional, non-institutional; (iii) based on liquidity – loan in-cash, loan in-kind
Objective
Candidates should be able to classify farm credit
Content
e. Problems faced by farmers in procuring agricultural credit - high interest rate; lack or inadequate collateral etc.
Objective
Candidates should be able to state problems farmers face in procuring credit
Content
f. Problems faced by institutions in granting loans to farmers - lack of records and accounts etc.
Objective
Candidates should be able to state problems institutions face in granting loans
Content
g. Capital market: (i) meaning of capital market and institutions that deal with medium and long term loans for agricultural business; (ii) institutions involved in the capital market; (iii) sources of funds for the capital market – bonds, insurance companies, merchant banks, the stock exchange (sales and purchases of shares); (iv) roles of capital markets in agricultural business – mobilization of long term funds for on-lending, reducing over reliance on money market etc.
Objective
Candidates should be able to describe the capital market, its institutions, sources of funds and roles in agricultural business
Opens the CBT engine with Agricultural Science past questions and answers.