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Agricultural Economics Important Questions – 01
Agricultural Economics Questions
Agricultural Economics Important Questions, Agricultural Economics Questions for all agriculture competitive exams. Agricultural Economics Questions for IBPS AFO, ICAR JRF, RAEO, RHEO, ADO, AAO, AEO, RHEO, SADO, SHDO and more exams.
1. The Marginal Cost Curve (MC(C) always intersects the average cost curve from its
(A) Maximum point
(B) Minimum point
(C) At any point between minimum and maximum
(D) All of the above
2. When Y2/Y1 = Zero then Enterprises relationship is
(A) Competitive
(B) Supplementary
(C) Complimentary
(D) None of the above
3. Demand for food grains influenced by
(A) Price of the food commodity
(B) Test and preference
(C) Price of the con
(D) None of these
4. Price Theory is a branch of
(A) Micro economics
(B) Macro economics
(C) Public finance
(B) Marketing
5. Law of Diminishing Marginal Utility refers to
(A) Decline in the marginal utility
(B) Decline in the total utility
(C) Decline in the average utility
(D) Decline in the all kinds of utility
6. Revealed Preference Theory assume
(A) Strong ordering
(B) Weak ordering
(C) Introspection
(D) All of the above
7. When Average Cost increases Marginal Cost is
(A) Below average cost
(B) Equal to average variable cost
(C) Above Average cost
(D) Equal to average fixed cost
8. At Inflection Point in classical production function
(A) Equal to Zero
(B) Negative
(C) Maximum
(D) Minimum
9. The APP is Maximum when:
(A) APP is more than MPP
(B) APP is less than MPP
(C) APP = MPP
(D) APP = TPP
10. For a Giffen Good, the quantity demanded decreases when there is:
(A) Increase in price
(B) Decrease in price
(C) Increase in the price of related commodity
(D) Fall in the price of related commodity
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