NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF AGRICULTURAL SCIENCE
JANUARY/FEBRUARY 2018 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) and any other four (4) Questions

1. Vividly explain to Mr. Johnson why it necessary to have accurate record keeping in farm (30marks).

2. Outline the things to consider in farm management account and discuss any five of them (10mark).

3. Outline the role credit can play in facilitating agricultural development (10marks).

4. Explain the following terms

           a. Current Ratio (Liquidity) (2marks)

           b. Debt to Asset Ratio (Solvency) (2marks)

           c. Earned financial progress (profitability) (2marks)

           d. Return on Equity (ROE) (2marks)

           e. Return on Equity (ROE) (2marks)

5. Explain the behavioural approach and the institutional approach to studying agricultural marketing (10marks).

6. Explain the term Market Conduct and marketing Margin (10marks).

7. Explain the importance of market and marketing in economic and national development (10marks).