Agricultural Economics MCQ Question and Answer

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Each section contains 100 MCQs on Agricultural Economics .

GNP deflator is

A) Nominal GNP/Nominal GDP B) Nominal GNP/Real GNP C) Nominal GNP/Real GDP D) Real GNP/Nominal GDP

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

In the SNOB effect, the demand curve shifts

A) Left to original B) Right to original C) Remains same D) None of these

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

The Central Agmark Lab is located at

A) Nagpur B) Mumbai C) Kolkata D) Bengaluru

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

In the second stage of the classical production function, the elasticity of production is

A) Greater than one B) Equal to one C) Less than one but greater than zero D) Equal to two

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which one of the following principles is employed in production when resources are scarce?

A) Comparative advantage B) Equi-marginal principles C) Added cost is equal to added returns D) None of the above

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

The gross agricultural area in Rajasthan during 2000 - 01 was

A) 193.10 lakh hectares B) 192.30 lakh hectares C) 193.20 lakh hectares D) 194.33 lakh hectares

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

0.8 y = 20 i - 120 = 0 is a

A) Investment function B) Consumption function C) LM function D) IS function

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

The formula for rate of capital turnover is

A) $$\frac{{{\text{Gross income}}}}{{{\text{Total farm assets}}}} \times 100$$ B) $$\frac{{{\text{Net income}}}}{{{\text{Total farm assets }}}} \times 100$$ C) $$\frac{{{\text{Total farm assets}}}}{{{\text{Net form income}}}} \times 100$$ D) None of these

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Development of farm sector gives a boost to secondary sector and development of primary and secondary sectors gives a boost to the tertiary sector. This is called the 'Product contribution of agriculture'. This concept was coined by

A) Ragner Frisch B) R-H Tuck C) Simon Kuznet D) F-H Knight

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Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

In the linear relationship, each additional unit of the variable input when applied to fixed factor(s) produces

A) Less amount of additional product B) Less amount of additional input C) Equal amount of additional product D) Equal amount of additional input

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

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Agricultural Economics MCQ Question and Answer | Agriculture MCQ Question