Agricultural Economics MCQ Question and Answer

1

Cost calculated for per hectare is known as

A) Cost of cultivation B) Cost of production C) Cost of farming D) Fixed cost

Discuss

Answer & Solution

Answer: Option A

Solution:

The correct answer is Option A: Cost of cultivation. This is the cost incurred in cultivating crops or managing agricultural activities on a per-hectare basis. It includes expenses related to seeds, fertilizers, labor, machinery, and other inputs necessary for farming. It helps farmers assess the financial feasibility and efficiency of their agricultural practices.

2

The gross agricultural area in Rajasthan during 2011 was

A) 193.10 lakh hectares B) 183.49 lakh hectares C) 193.20 lakh hectares D) 194.33 lakh hectares

Discuss

Answer & Solution

Answer: Option B

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

3

A holding which is smaller than economic holding a reasonable standard of living to the cultivator but not sufficient for the purpose of agricultural operations, is known as

A) Economic holding B) Basic holding C) Optimum holding D) None of the above

Discuss

Answer & Solution

Answer: Option B

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

4

The most liquid assets are

A) Current assets B) Fixed assets C) Working assets D) None of these

Discuss

Answer & Solution

Answer: Option A

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

5

Nationalization of banks was carried out on

A) 19^th June, 1970 B) 19^th July, 1969 C) 19^th August, 1979 D) 2^nd October, 1969

Discuss

Answer & Solution

Answer: Option B

Solution:

The nationalization of banks in India was carried out on 19^th July, 1969.

The Government of India nationalized 14 major commercial banks with deposits of over ₹50 crores each to enhance banking penetration and boost economic development.

The objective was to ensure banking services reached rural areas and to provide credit support to agriculture, small industries, and exports.

A second phase of nationalization took place in 1980, where 6 more banks were nationalized, bringing the total to 20.

6

If E(u) = 0, the estimated line lies

A) Below true line B) Above true line C) Both A and B D) On true line

Discuss

Answer & Solution

Answer: Option D

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

7

The share of agriculture sector in national income of India is

A) 28% B) 30% C) 32% D) 34%

Discuss

Answer & Solution

Answer: Option A

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

8

Objective of mercantilists was against to

A) Free trade B) Restricting imports C) Stimulating exports D) Accumulation of gold by their natives

Discuss

Answer & Solution

Answer: Option A

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

9

Which one you consider most important phase of product cycle

A) Preparation B) Appraisal C) Implementation D) None of these

Discuss

Answer & Solution

Answer: Option C

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

10

Dairy farming, poultry farming, crop farming and pig farming are

A) Systems of farming B) Types of farming C) Both A and B D) None of these

Discuss

Answer & Solution

Answer: Option B

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

Agricultural Economics MCQ Question and Answer | Agriculture MCQ Question