SS3 AGRICULTURAL SCIENCE FIRST TERM FIRST CONTINUOUS ASSESSMENT TEST
TIME: 40 minutes
INSTRUCTION: Answer all questions in Sections A and B.
SECTION A: OBJECTIVE TEST
NO. OF QUESTIONS: 20
SPECIFIC INSTRUCTION: Select the correct answer from the options lettered A – D.
- The agreement where one party promises to pay another party a sum of money in the event of suffering a specified agricultural loss is known as (a) agreement (b) convenant (c) risk-taking (d)negotiation (e) insurance
- One of these is the importance of insurance (a) provison of licence (b) serves as means of preparing for old age (c) is a way of getting wealth (d) provides security from dangerous animals (e) to open an account in the bank
- All of these are examples of insurance policies except (a) wealth index (b) livestock insurance (c) aquaculture insurance (d) crop insurance (e) prominent insurance
- One of these is an example of crop insurance EXCEPT (a) named peril insurance (b) crop revenue insurance (c) multiple peril insurance(d) area yield index insurance (e) weather index insurance
- Farm record keeping is advantageous in the following ways EXCEPT (a) it is useful for insurance purposes (b) it gives room for comparison with the same farm enterprises in the same area (c) proper farm records assist the government at various levels when planning National Agricultural and Economic Development programmes (d) because it increases sales (e) it determines the farmers’ management skills
- A good farm manager keeps many important records which include (a) inventory records (b) sales records (c) civil servant vouchers (d) inputs records (e) farm dairy
- A farm record showing the list of all items articles, assets and materials used for production is the (a) purchase account (b) livestock record (c) farm inventory (d) labour record (e) consumption record
- Which of the following assets can appreciate in value over a period of time (a) tractor (b) farm building (c) land (e) plough
- The reduction in the value of a farm asset is known as (a) subsidy (b) salvage value(c) appreciation (d) current price (e) depreciation
- The farm record which contains the list of all items in the farm is called (a) farm inventory (b) labour record (c) farm dairy (d) production record (e) inputs record
- A farmer purchased a sprayer for #12,500 in 1974.
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