Agricultural Economics MCQ Question and Answer

71

Which is not source of aggregate demand

A) Consumption B) Export-imports C) Government expenditure D) Savings

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Answer & Solution

Answer: Option D

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72

With reference to farm planning and optimum resource use efficiency, consider the following
1. Cost of manures
2. Rental value of owned land
3. Interest on value of owned capital assets
4. Imputed value of family labour
Which of these are included in working out cost B²?

A) 1, 3 and 4 B) 1, 2 and 3 C) 2, 3 and 4 D) 1, 2 and 4

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Answer & Solution

Answer: Option B

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73

Choice of technique' written by

A) Amartya Sen B) A. K. Dasgupta C) Manmohan Singh D) Lord Robinson

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Answer & Solution

Answer: Option A

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74

Total food grain production in Rajasthan during 2002 - 03 was

A) 50.12 lakh tonne B) 51.12 lakh tonne C) 52.12 lakh tonne D) 61.21 lakh tonne

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Answer & Solution

Answer: Option C

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75

In LP, the availability and input-output coefficients as well as prices are known with certainity then assumption is

A) Linearity B) Additivity C) Finiteness D) Single value expectations

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Answer & Solution

Answer: Option D

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76

Demand for agricultural products is relatively

A) Less elastic B) More elastic C) More inelastic D) Less inelastic

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Answer & Solution

Answer: Option C

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77

Capital formation in agriculture over the years

A) Decreasing B) Increasing C) Constant D) Both A and B

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Answer & Solution

Answer: Option A

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78

If farmer's liquidity is less, then current ratio is

A) More than 1 B) Less than 1 C) Equal to 1 D) Cannot be determined

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Answer & Solution

Answer: Option B

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79

Marginal rate of factor substitution $$\left( {\frac{{\Delta {{\text{X}}_1}}}{{\Delta {{\text{X}}_2}}}} \right)$$ is equivalent

A) $$\frac{{{\text{P}}{{\text{X}}_1}}}{{{\text{P}}{{\text{Y}}_1}}}$$ B) $$\frac{{{\text{P}}{{\text{X}}_2}}}{{{\text{P}}{{\text{Y}}_2}}}$$ C) $$\frac{{{\text{P}}{{\text{X}}_2}}}{{{\text{P}}{{\text{Y}}_1}}}$$ D) $$\frac{{{\text{P}}{{\text{X}}_1}}}{{{\text{P}}{{\text{Y}}_2}}}$$

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Answer & Solution

Answer: Option C

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80

Given that; $$Y = 1245\,{\text{X}}_1^{0.30}\,{\text{X}}_2^{0.08}$$

A) Output decrease B) Output constant C) Increase output D) Date insufficient

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Answer & Solution

Answer: Option B

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Agricultural Economics MCQ Question and Answer | Agriculture MCQ Question