Agricultural Economics MCQ Question and Answer

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Each section contains 100 MCQs on Agricultural Economics .

The peak rate of the VAT is

A) 10% B) 12.5% C) 13.5% D) 12.0%

Discuss

Answer & Solution

Answer: Option B

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

Cross elasticity of demand between petrol and automobiles is

A) Negative B) Zero C) Positive D) Infinite

Discuss

Answer & Solution

Answer: Option A

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

Individuals do not have physical control of the product but they render personal services are known as

A) Brokers B) Wholesalers C) Commission agents D) Speculated middle man

Discuss

Answer & Solution

Answer: Option A

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

IBRD is synonymous to

A) World Bank B) Asian Development Bank C) International Monetary Fund D) None of these

Discuss

Answer & Solution

Answer: Option A

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

Least cost principle is used in

A) What to produce B) How much to produce C) How to produce D) When to produce

Discuss

Answer & Solution

Answer: Option C

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

Consider the following data relating to a farm
Total assets = Rs. 3000
Working assets = Rs. 800
Current assets = Rs. 1500
Current liabilities = Rs. 200
Total liabilities = Rs. 900
The net capital ratio in this case would be

A) 4.0 B) 4.33 C) 3.33 D) 2.33

Discuss

Answer & Solution

Answer: Option C

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

The cost of production of the crop can be minimized by using economic principle

A) Cost principle B) Law of opportunity cost C) Law of diminishing D) Principle of least cost combination

Discuss

Answer & Solution

Answer: Option D

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

Immaturing growth theory refers to a country

A) Grows rapidly with trade B) Gains of growth are more than terms of trade C) Terms of trade improve with economic growth D) None of these

Discuss

Answer & Solution

Answer: Option B

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

Who was the first Indian Governor of the Reserve Bank of India?

A) C. D. Deshmukh B) Sachindra Ray C) S. Mukherjee D) None of these

Discuss

Answer & Solution

Answer: Option A

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

New attribute theory of consumer's behaviour was given by

A) Lancasteir B) Marshall C) Lord Robbins D) Jacob Vineir

Discuss

Answer & Solution

Answer: Option A

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