BECE Pre Vocational Study 2023 Objective — Question 48

Question 48 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Pre Vocational Study 2023 Objective paper, with the correct answer and a full explanation.

The demerit of stock exchange in agriculture is that it

A. enforces payment of taxes by rural farmers.
B. makes only long term loans available to farmers.Correct
C. reduces farmers' standard of living.
D. reduces the consumption of capital meant for farming.
E. reduces the use of agricultural land in urban areas.

Explanation

The stock exchange deals in long-term securities, so only long-term funds are made available to farmers.

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