Agricultural Economics MCQ Question and Answer

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Each section contains 100 MCQs on Agricultural Economics .

The function of successful farm manager is

A) Decision making and taking action B) Formation of the goods C) Recognition and definition of problem D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

Which one of the following pairs is/are correctly matched

A) Ecomark : Environmental friendly B) Rugmark : Child labour not used C) ISO 9000/14000 : Quality control monitored D) All of the above

Discuss

Answer & Solution

Answer: Option D

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Full form of VAT is

A) Value Added Tax B) Value Applicable Tax C) Vetenary Applied and Technology D) None of the above

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Answer & Solution

Answer: Option A

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Facts and finding of other sciences are coordinated for the solution of various problems of individual farmers with a view to achieving certain desired goals. Hence, farm management is

A) micro approach science B) practical science C) integrating science D) broader field

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Answer & Solution

Answer: Option C

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The difference between national income and domestic product is accounted by

A) Net factor income from abroad B) Budgetary surplus/deficit C) Export surplus/deficit D) Inflow of capital

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Answer & Solution

Answer: Option A

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Which of the following is not correctly matched

A) Division under resource limitation - Principle of equimarginal returns B) Choosing best crop enterprises - Opportunity cost principle C) Allocation of resources under resource limitation - Law of variable proportions D) Optimum level of input use without resource limitation - Law of diminishing returns

Discuss

Answer & Solution

Answer: Option C

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When the total cost is divided by the total unit of production, we get

A) Marginal cost B) Average cost C) Total cost D) Prime cost

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Answer & Solution

Answer: Option B

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Concept of 'crystallized labour' given by

A) Marshall B) Keynes C) Mill D) Karl Marx

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Answer & Solution

Answer: Option D

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Rayotwari system was first introduced in

A) 1791 B) 1792 C) 1793 D) 1794

Discuss

Answer & Solution

Answer: Option B

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

Break even analysis is carried out by

A) BEP = P/F - V B) BEP = F/P - V C) BEP = T/F - V D) BEP = T + V/E

Discuss

Answer & Solution

Answer: Option B

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