NATIONAL OPEN UNIVERSITY OF NIGERIA
FACULTY OF AGRICULTURAL SCIENCES
DEPARTMENT OF AGRICULTURAL ECONOMICS AND EXTESION
2020_2 EXAMINATION
Programme: Agricultural Extension and Management
Course Code: AEM 450
Course Title: Agricultural Finance and Marketing
Credit Unit: 3
Total Score: 70 Marks
Time Allowed: 3 Hours
Instruction: Answer question one (1) 30marks and any other four (4)
Questions 10marks each.
1a. Justify using ten (10) instances why you think that marketing and markets are essential
ingredient national economic and national development (15marks)
b. Farm management decision making is an important tool in achieving accurate farm record
keeping. Discuss this statement using five (5) instances (5marks).
c. Discuss using five (5) instances each what you understand by market conduct and
marketing margin (10marks)
2. Identify and discuss five (5) agricultural loan repayment procedures (10marks).
3a Using five (5) instances, justify the meaning of agricultural finance (5mark)
b. Identify five (5) problems of agricultural marketing in Nigeria (5marks).
4. Explain using five (5) instances each promissory note and mortgages as important
Instrument in credit extension in agricultural finance (10marks).
5. Identify and discuss the determinant of price elasticity of supply (10marks).
6a. Suggest five (5) basic assumptions of monopolist competition (5marks).
b. Examine using five (5) cases the significance of marketing to the agricultural
Business sector of the economy (5marks).
7. Identify and discuss two (2) methods of financial control (10marks).
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