Agri Books

Agricultural Economics Important Questions

Agricultural Economics Questions, Agricultural Economics MCQs, Agricultural Economics Objective 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. Which one is not the type of farming?

(A) Specialized farming

(B) Mixed farming

(C) Diversified farming

(D) Cooperative farming

Show Answer

 

2. A line passing through least cost points on isoquant map is called

(A) Ridge line

(B) Price line

(C) Expansion path

(D) Isocost line

Show Answer

 

3. The Price Elasticity of demand for salt is fruits.

(A) More

(B) Twice

(C) Less

(D)Four times

Show Answer

 

4. There are ……………… Stages of production.

(A) 1

(B) 3

(C) 4

(D) 2

Show Answer

 

5. Which of the following item has the highest income elasticity?

(A) Bread

(B) Butter

(C) Milk

(D) Wine

Show Answer

 

6. The condition of market where few buyers are present:

(A) Monopsony

(B) Oligopsony

(C) Oligopoly

(D) Monopoly

Show Answer

 

7. The wage is not paid to a

(A) Permanent labour

(B) Casual labour

(C) Family labour

(D) Contract labour

Show Answer

 

8. Farm Profit is equal to:

(A) Gross Revenue-Net Returns

(B) Gross Revenue – Cos

(C) Gross Income-Risk Cost

(D) Gross Income-Gross Revenue

Show Answer

 

9. Maximum profit can be achieved in agribusiness when marginal return (MR) is

(A) Marginal cost

(B) Average output

(C) Total output

(D) Total cost

Show Answer

 

10. The cost of production can be minimized by using the principle of:

(A) Law of return

(B) Law of opportunity of

(C) Cost principle

(D) Law of least-cost combinations

Show Answer

 

Related Posts

Lac culture notes

Sericulture notes

Apiculture notes 

Fisheries notes