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Agricultural Economics MCQ Question and Answer | Agriculture MCQ Question

Agricultural Economics MCQ Question and Answer with easy explanations in Agriculture mcq. Agricultural Economics MCQ section is suitable for aspirants preparing for IBPS- AFO (Agriculture Field Officer) Iffco, Kribhco, NFL, NSC, ICAR-JRF/SRF/ ARS, IARI, SADO, DDA,ADA,FCI,ASRB,B.Sc Agriculture and M.SC Agriculture. Page-2 section-3

Each section contains 100 MCQs on Agricultural Economics .
11
The second labour inquiry committee was set-up in
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
12
Income tax is a
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Answer & Solution
Answer: Option B
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13
The relationship between TP and TC is
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Answer & Solution
Answer: Option C
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14
Fixed cost is also known as
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Answer & Solution
Answer: Option B
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15
The impact of green revolution, first of all witnessed in the state of
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Answer & Solution
Answer: Option D
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16
If MPC = O, the consumption function will be
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Answer & Solution
Answer: Option B
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17
The paid out cost of a farmer is Rs. 500 and fixed cost is Rs. 250. If the gross returns from farm business is Rs. 3700, the capital turn over would be
Discuss
Answer & Solution
Answer: Option C
Solution:
First, let's understand the key terms:
* Paid-out cost: This is the actual money the farmer spends. In this case, it's Rs. 500.
* Fixed cost: These are costs that don't change with the level of production. Here, it's Rs. 250.
* Gross returns: This is the total revenue the farmer gets from the farm business, which is Rs. 3700.
* Capital turnover: This ratio shows how efficiently a business uses its capital to generate revenue. It's calculated as Gross Returns / Total Cost.

Now, let's calculate the total cost:
Total Cost = Paid-out Cost + Fixed Cost = Rs. 500 + Rs. 250 = Rs. 750

Next, calculate the capital turnover:
Capital Turnover = Gross Returns / Total Cost = Rs. 3700 / Rs. 750 = 4.93

Therefore, the capital turnover is 4.93.

So, the correct answer is: Option C: 4.93
18
The total food grain production during 2002 - 03 was estimated about
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Answer & Solution
Answer: Option A
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19
Match the following columns
Column I (Different system of co-operative farming) Column II (Agricultural operation method)
a. Cooperative tenant farming 1. Individual
b. Cooperative joint farming 2. Collective
c. Cooperative better farming 3. Individual
d. Co-operative collective farming 4. Collective
Discuss
Answer & Solution
Answer: Option A
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20
Increase in the price of a commodity leads to
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Answer & Solution
Answer: Option A
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