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 provided to purchasers of feeder cattle for their purchase. Feeder cattle are young cattle that are being raised for eventual slaughter. The term 'feeder' refers to cattle being 'fed' to market weight, and 'ploughing/plougher' refers to draft animals used for farming.

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