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Agricultural Economics And Farm Management Mcqs

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______ an application of the accounting principles to the business of farming:
A.Farm planningB.Farm budgeting
C.Farm accountingD.Marketing
Beef’ and ‘hides’ are examples of:
A.Independent enterpriseB.Joint enterprise
C.Supplementary enterpriseD.Competitive enterprise
Which of the following is not correctly matched?
A.App rises continuously till APP and MPP is both equal.B.MPP rises continuously – Till MPP is more than APP
C.TPP rises continuously – Till MPP is not equal to ZeroD.APP & MPP both fall but TPP rises. When MPP is less than APP but more than zero
Rent is the price paid for the use of land” who said it?
A.RicardoB.Carber
C.KeynesD.None of above
“Under free and prefect competition there could not be any involuntary unemployment amongst wage earners in the labour market”. This theory was established by:
A.Prof. J.B. SayB.Prof. Pigou
C.Prof. KeynesD.None of above
Which one of the following pairs is not correctly matched?
A.Elasticity of production = Stage III of classical production function greater than unityB.Negative marginal product = Stge III of classical production function
C.Negative elasticity of production = Stage III of classical production functionD.Average product decreases but is greater than marginal product = Stage II of classical production function
World Trade Organization (W.T.O.) was established in:
A.1992B.1998
C.1995D.1997
A consumer spends his income according to the law of:
A.Diminishing marginal utilityB.Increasing cost
C.Equi-marginal utilityD.Least cost
A crop loan over Rs. 1,00,000 will require:
A.Equitable mortagageB.Registered mortgage of land
C.Personal securityD.None of these
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A farmer having less than one hectare of irrigated the land, is known as:
A.Small farmersB.Marginal farmers
C.Big farmersD.None of the above
A farmer, which has land holding between 1 to 2 hectare known as:
A.Marginal farmerB.Small farmer
C.Optimal farmerD.None of the above
A group of technical units are known as:
A.Farm firmB.Plant
C.Economic unitD.All above
A holding which allow to a man a chance of producing sufficient to support himself and his family in reasonable comfort after paying his necessary expenses is called:
A.Basic holdingB.Optimum holding
C.Operational holdingD.Economic holding
A market in which the purchase and sale is a commodity takes place at time ‘t’ but the exchange of the commodity takes after t + 1 time, the market is known as:
A.SpotB.Cash market
C.Forward marketD.General market
A market structure with large number of firms selling homogeneous product is known as:
A.Monopoly marketB.Monopolistic competition
C.Perfect competitionD.None of these
A normative farm plan is one which the farmer:
A.Has already put into operation on his farmB.Should adopt during the current 5 year plan period
C.Had actually adopted in the earlier 5 year plan periods
A single convenient unit in production for which technical co-efficient are calculated is known as:
A.Units of accountingB.Technical units
C.Marginal unitsD.None of the above
A statement, which shows the financial condition and stability of the business at a particular point of time, is known as:
A.Net worth statementB.Business statement
C.Physical efficiency measuresD.None of the above
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