24 Questions
What is the total number of study sessions in CRD 105?
8
What is the primary sector of a country's economy?
Agriculture, forestry, and fishery
What is the definition of agriculture?
The production of food, feed, and fibre or raw materials
What is the growth rate of the agriculture sector in 2022?
1.88
What is the purpose of the CRD 105 course?
To understand the concepts and business aspects of agriculture
What is the tertiary sector of a country's economy?
The service sectors, including banking and IT
What is a characteristic of agricultural production that makes it different from industry?
It is primarily biological in nature
Why do primary producers in the agricultural sector have little control over their production?
Because of the seasonality and biological nature of agriculture
What is a consequence of the unpredictability of weather in agricultural production?
Risk and uncertainties in production
Why does agricultural production require a larger proportion of land compared to industry?
Due to the biological nature of agriculture
What is a difficulty in agricultural production due to the biological nature of the sector?
Sudden occurrence of diseases
Why do agricultural producers face difficulties in producing standardized products?
Because of the difficulty in standardizing practices
What is the typical relationship between the production volume of a farm commodity and its price?
A decrease in production volume leads to an increase in price
What makes it challenging to adjust production to price variations in the long-run?
It is difficult to adjust production schedules
Why are market intermediaries important in the agricultural industry?
They provide utilities of place, time, and form to the produce
What is a major characteristic of agricultural products that affects their supply?
They are perishable and difficult to store
What is an important economic benefit of agricultural production?
It generates foreign exchange earnings
What is the origin of agriculture traced back to?
Early man as hunter and food gatherer
What is the primary focus of food security?
Food availability and accessibility
Which of the following is NOT a component of food availability?
Intra-household distribution of food
What is the primary concern of food utilization?
Nutrition and healthcare
What is the term for the external effects associated with agricultural production activities?
Environmental externalities
What is an example of a negative externality of agricultural production?
Water pollution
What is the primary focus of food stability?
Stability in availability and access to food
This quiz covers the activities related to agriculture as a major sector in Nigeria and the world, including concepts and business aspects of agri-business. It is divided into 8 study sessions and aims to explain trends in agricultural production, distribution, and utilization. Test your knowledge on agricultural production and modern multiplication methods.
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