Agricultural Economics MCQ Question and Answer

1

The demand for wheat is

A) Very elastic B) Perfectly elastic C) Less elastic D) Inelastic

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Answer & Solution

Answer: Option C

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2

Snake in the tunnel system is followed in

A) Australia B) SE Asia C) African nations D) European union

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Answer & Solution

Answer: Option D

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3

Match the following columns

Column I	Column II
a. IFCI	1. April 1988
b. ICICI	2. 1948
c. SEBI	3. 1955
d. SIDBI	4. 1990

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

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Answer & Solution

Answer: Option C

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4

Match the following columns

Column I	Column II
a. When Ep is equal to zero	1. Relative inelastic demand
b. When Ep is equal to one	2. Elastic demand
c. When Ep is greater than one	3. Unit elasticity
d. When Ep is less than one	4. Completely inelastic demand

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

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Answer & Solution

Answer: Option A

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5

Which one of the following relationships will provide least cost combination of input use?

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

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Answer & Solution

Answer: Option A

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6

. . . . . . . . and . . . . . . . . were only states to have completed the 'land reforms' successfully in country.

A) Kerala, West Bengal B) West Bengal, Bihar C) Tamil Nadu, Andhra Pradesh D) None of these

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Answer & Solution

Answer: Option A

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7

The term 'monopolistic competition' means

A) A few number of sellers deal heterogeneous commodity B) A large number of buyers deals in heterogeneous commodity C) A large number of sellers with heterogeneous commodity D) None of the above

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Answer & Solution

Answer: Option C

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8

Literacy rate of women in the country in 2002 was

A) 63.87% B) 54.16% C) 75.85% D) 47.53%

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Answer & Solution

Answer: Option B

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9

The Reserve Bank of India was established in

A) 1920 B) 1930 C) 1932 D) 1935

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Answer & Solution

Answer: Option D

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10

The SFDA and MFAL programmes were started in

A) 1970 B) 1975 C) 1965 D) 1969

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Answer & Solution

Answer: Option A

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Agricultural Economics MCQ Question and Answer | Agriculture MCQ Question