Multiple choice general knowledge

What are Feeder Finance Loans?

  1. Short-term loans given to purchasers of plougher cattle for purchase of these

  2. Long-term loans given to purchasers of ploughing cattle for purchasing these

  3. Short-term loans given to purchasers of feeder cattle for the purchase of these feeder cattle

  4. Long-term loans given to purchasers of feeder cattle for the purchase of these feeder cattle
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C Correct answer
Explanation

Feeder Finance Loans are short-term loans specifically designed for purchasers of feeder cattle - livestock purchased for fattening before slaughter. The term 'feeder' refers to the animal's purpose (to be fed for finishing), and these loans are typically short-term because the feeding cycle is relatively brief compared to other agricultural loans.

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