Agricultural Economics MCQ Question and Answer

61

When a farm is managed by Government officials, it is called a

A) State farming B) Peasant farming C) Capitalistic farming D) Collective farming

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Answer & Solution

Answer: Option A

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62

The term 'duopoly' means

A) Only two sellers of a commodity B) Only two buyers of a commodity C) Only few sellers of a commodity D) None of the above

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Answer & Solution

Answer: Option A

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63

Adoption of potato variety Kufri Chandramukhi wheat Sonalika rotation in preference of up to date (potato variety) wheat rotation is example of

A) System of farming B) Farm management practice C) Farm planning D) Type of farming

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Answer & Solution

Answer: Option D

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64

Monopoly receives entire consumer surplus

A) First degree B) Second degree C) Third degree D) None of these

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Answer & Solution

Answer: Option A

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65

What is Taccavi?

A) LDB loan B) Government loan C) A crop scheme D) None of these

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Answer & Solution

Answer: Option B

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66

Match the following columns

Column I	Column II
a. When MP is increasing	1. TP increase at an increasing rate
b. When MP is decreasing but more than zero	2. TP increase at an decreasing rate
c. When MP is zero	3. AP is increasing
d. When MP is more than AP	4. TP is at its maximum stage

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

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Answer & Solution

Answer: Option D

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67

In relative income theory of consumption, APC will

A) Decreases B) Increases C) Constant D) None of these

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Answer & Solution

Answer: Option C

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68

In a complete farm planning due consideration is given to

A) Relationship among different enterprise B) Goods managerial skill of the operator C) Resource use and restrictions D) All of the above

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Answer & Solution

Answer: Option D

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69

Least cost combination of inputs is achieved when

A) $$\frac{{\vartriangle {{\text{X}}_2}}}{{\vartriangle {{\text{X}}_1}}} > \frac{{{\text{P}}{{\text{X}}_1}}}{{{\text{P}}{{\text{X}}_2}}}$$ B) $$\frac{{\vartriangle {{\text{X}}_2}}}{{\vartriangle {{\text{X}}_1}}} < \frac{{{\text{P}}{{\text{X}}_1}}}{{{\text{P}}{{\text{X}}_2}}}$$ C) $$\frac{{\vartriangle {{\text{X}}_1}}}{{\vartriangle {{\text{X}}_2}}} = \frac{{{\text{P}}{{\text{X}}_1}}}{{{\text{P}}{{\text{X}}_2}}}$$ D) $$\frac{{\vartriangle {{\text{X}}_2}}}{{\vartriangle {{\text{X}}_1}}} = \frac{{{\text{P}}{{\text{X}}_1}}}{{{\text{P}}{{\text{X}}_2}}}$$

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Answer & Solution

Answer: Option D

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70

The decision rule in linear programming is that the response use is to be continued whose

A) MVP is negative B) MVP is zero C) MVP is positive D) MVP is constant

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Answer & Solution

Answer: Option C

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Agricultural Economics MCQ Question and Answer | Agriculture MCQ Question