Agricultural Economics MCQ Question and Answer

61

From which institution do the agriculturists get maximum credit?

A) NABARD B) Corporate Bank C) R and B D) Commercial Bank

Discuss

Answer & Solution

Answer: Option D

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62

Agricultural Development Banks are sponsored by

A) State Bank of India B) Reserve Bank of India C) Co-operative Banks D) Nationalised Banks

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Answer & Solution

Answer: Option A

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63

Indian agriculture suffers from

A) Lack of capital B) Lack of labour C) Lack of land D) Lack of enterpreneur

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Answer & Solution

Answer: Option A

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64

Match the following columns

Column I	Column II
a. 1^st Five year plan	1. 1956 - 1961
b. 2^nd Five year plan	2. 1951 - 1956
c. 3^rd five year plan	3. 1969 - 1974
d. 4^th five year plan	4. 1961 - 1966

A) a-1, b-2, c-4, d-3 B) a-2, b-1, c-4, d-3 C) a-1, b-3, c-4, d-2 D) a-3, b-4, c-2, d-1

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Answer & Solution

Answer: Option B

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65

Suppose that cost A₂ on a farm is Rs. 26450 and the rent of the leased in land is Rs. 2250. Cost A₁ on this farm will be Rs.

A) 24,000 B) 28,700 C) 28,200 D) 28,000

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Answer & Solution

Answer: Option B

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66

In state farming, the owner of land is

A) Government B) Landlord C) Farmer D) Cooperative society

Discuss

Answer & Solution

Answer: Option A

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67

Project planning and budgeting are used to know

A) Technical aspects of project B) Financial aspects C) Economic aspects D) None of these

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Answer & Solution

Answer: Option B

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68

Agriculture sector is the main source of supply of

A) Wheat and rice B) Food and fodder C) Oilseed and sugrcane D) Pulses and wheat

Discuss

Answer & Solution

Answer: Option B

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69

Diversified farming is a kind of

A) System of farming B) Type of farming C) Both A and B D) None of these

Discuss

Answer & Solution

Answer: Option C

Solution:

Diversified farming is a kind of system of farming.

Diversified farming refers to a practice where farmers engage in the production of multiple crops and/or livestock to reduce risk and increase resilience against market fluctuations and environmental changes.

This system allows farmers to make better use of resources, increase productivity, and enhance sustainability by spreading the risk associated with farming operations.

By diversifying, farmers can also take advantage of different market opportunities and improve their overall income stability.

70

What is the percentage of agricultural contribution in national economy?

A) 33% B) 42.3% C) 29% D) 26.7%

Discuss

Answer & Solution

Answer: Option D

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Agricultural Economics MCQ Question and Answer | Agriculture MCQ Question