Agricultural Economics MCQ Question and Answer

81

Choose the best measure to find worthiness of investment

A) Pay back period B) B-C ratio C) NPV D) IRR

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Answer & Solution

Answer: Option D

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82

Mines and fisheries are subjected of the law of

A) Constant return B) Diminishing return C) Increasing return D) None of these

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Answer & Solution

Answer: Option B

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83

Match the following columns

Column I	Column II
a. Reward of labour	1. Rent
b. Reward of land	2. Wages
c. Reward of capital	3. Profit
d. Reward of enterprise	4. Interest

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

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Answer & Solution

Answer: Option C

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84

Green revolution may also be termed as

A) Tea revolution B) Wheat revolution C) Cotton revolution D) Rice revolution

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Answer & Solution

Answer: Option B

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85

The total number of states in India is

A) 25 B) 27 C) 26 D) 28

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Answer & Solution

Answer: Option D

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86

Which one of the following pairs of characteristics and institutional arrangement is not correctly matched?

A) Individual ownership and individual operatorship of land - Better farming B) Individual ownership and collective operatorship of land - Cooperative joint farming C) Collective ownership and individual operatorship of land - Cooperative tenant farming D) Collective ownership and collective operatorship of land - Collective farming

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Answer & Solution

Answer: Option D

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87

Which one of the following production function best example the returns to scale effect?

A) $${\text{Y}} = {\text{aX}}_1^{{\alpha _1}},\,{\text{X}}_1^{{\alpha _2}},\,{\text{X}}_1^{{\alpha _3}},\,.\,.\,.\,.\,.\,.\,.\,{\text{X}}_{\text{n}}^{{\alpha _{\text{n}}}}$$ B) $${\text{Y}} = {{\text{a}}_0} + {{\text{a}}_1}{{\text{X}}_1} + {{\text{a}}_2}{{\text{X}}_2} + {{\text{a}}_3}{{\text{X}}_3}\,.\,.\,.\,.\,.\,.\,.\,{{\text{a}}_{\text{n}}}{{\text{X}}_{\text{n}}}$$ C) $${\text{Y}} = {{\text{a}}_0} + {{\text{a}}_1}{\text{X}} + {{\text{a}}_2}{{\text{X}}^2} + {{\text{a}}_3}{{\text{X}}^3}\,.\,.\,.\,.\,.\,.\,.\,{{\text{a}}_{\text{n}}}{{\text{X}}^{\text{n}}}$$ D) $$\frac{{\text{Y}}}{{{{\text{X}}_1}}} = {{\text{a}}_0} + {{\text{a}}_1}{{\text{X}}_1} + {\alpha _2}\left( {\frac{{{{\text{X}}_2}}}{{{{\text{X}}_1}}}} \right)\,.\,.\,.\,.\,.\,.\,.\,{\alpha _{\text{n}}}\left( {\frac{{{{\text{X}}_{\text{n}}}}}{{{{\text{X}}_1}}}} \right)$$

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Answer & Solution

Answer: Option A

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88

Investment is not a function of income in case

A) Pigon's B) Keyne's C) Classical's D) None of these

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Answer: Option C

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89

The causes of inflation is

A) Increase in money supply B) Fall in production C) Increase in money supply and fall in production D) Decrease in money supply and fall in production

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Answer & Solution

Answer: Option C

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90

Marginal utility money can not be

A) Positive B) Negative C) Zero D) Both C and B

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Answer & Solution

Answer: Option D

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Agricultural Economics MCQ Question and Answer | Agriculture MCQ Question