What is a market type based on time span?
Capital market
Secular market
Special market
Seaboard market
Which of the following is not a factor of production
Money
Capital
Labour
Land
Macro economics also know as
Price theory
Income theory
Capital theory
Growth theory
Farm management as a resource allocation proposition is related to
Inter-farm management
Intra farm management
Inter regional management
Both inter and intra farm management
Term operational holding refers to the
Land area owned by a farmer
Crop area cultivated by a farmer
Net land area cultivated by farmer
Land area leased in by farmers
In mixed farming,the contribution of livestock to gross farm income is
29.5%
30%
49%
10%
Objective of subsistence farming is
Essential food crop for family and market
Essential food crop for family only
Food and fibre for family and Market
Vegetable for family only
Which of the following is not included in the test of 3'R credit principales?
Return from investment
Regain from capital
Risk bearing ability
Repayment capacity
Which of the following is not a component of farm buisness
Land
Capital
Environment
Management
Monopoly refers to
Sigle buyer
Single seller
Few sellers
Few buyer
Which of the following is not a factor of production
Capital
Labour
Land
Money
At the optimum level of output,the marginal. return should be
Postive
Negative
Equal to average return
Zero
Law of diminishing return is more applicable for
Fertilizer
Herbicide
Insecticide
Labour
Imputed value of family labour is included in the
Cost A1
Cost A2
Cost B
Cost c
Which of the following is fixed cost
Wages of permanent labour
Cost of seed
Cost of fertilizer
Cost of manure
CACP was set up in
1962
1975
1964
1965
When produce kept in a store and sold at high price after sometime it creates
Form utility
Place utility
Form utility
Time utility
60 days before
2 weeks before
3 weeks before
1 week before
Brassicaceae
Polygonaceae
Poaceae
Asteraceae
Price of commodity is determined by its
Supply
Demand
Botha and b
None of theses
Principal of opportunity cost is used to find out
Least cost combination
Highest output
Most profitable level of output os a single crop
Optimum use of limited resources urces
Which is not the function of market management
Consumption
Planning
Control
Organization
Production elasticity is leads than one
MPP < APP
MPP =zero
MPP= APP
MPP >APP
What does the slope of total product curve indicate
MRTS
MPP
APP
MRPS
When TPP is maximum the MPP will be
Maximum
Minimum
One
Zero
The Elasticity of production is zero when
APP is maximum
MPP is maximum
MPP is zero
TPP is minimum
The income Elasticity of demand is negative the the good is
Inferior
Normal
Luxury
Semi-luxury
The demand os salt is
Inelastic
More inelastic
More elastic
Less elastic
Utility obtained due to possession or transfer os ownership to the commodity
Possession utility
Form utility
Place utility
Time utility
The actual quantity os a commodity that is available with the farmers after meeting his basic requirement is
Marketable surplus
Marketed surplus
Both
None os these
Which function creates the possession utility in market process
Buying and selling
Storage
Transportation
Processing
Least cost price is used in
How to produce
When to produce
What to produce
How much to produce
WhenMC is lowest MPwill be
Maximum
Minimum
Decreasing
Increasing
Marginal utility os money can not be
Positive
Negative
Zero
Both b and c
Fixed assets are
Land
Seed
Cash
Farm machinery
Father of economics
Adam smith
Thomas munro
Mill
Marshall
Labour is
Active factor
Passive factor
Both
None of these
Law of substitution was given by
Marshall
Gossen
Smith
Pigon
When the demand curve is relatively flatter than demand is
Relatively inelastic
Relatively elastic
Unitary elastic
All
If two factors are perfect substitute isoquant will be
A parabola
A stright line
L shaped
Rectangular hyperbola
When MPP is zero
MC is minimum
MC become vertical
MC is maximum
MC become horizontal
Rent theory of profit given by
FA walker
Tanssing
CP Blacker
Hawley
The ultimate aim of farm management is to
Optimization of factor utilization
Increase gross income
Reduce total cost
None of these
Production is a function of
Factor
Profit
Price
Cost
Giffen good refers to
Inferior goods
Lack of goods
Stock of goods
Superior goods
Price theroy is a part of
Micro economics
Macroeconomics
Farm management
Marketing
The marginal cost curve intersect the average cost curve when the average cost is
Minimum
Maximum
Raising
Falling
One of the important fixed cost on a farm is
Land rent
Seed cost
Irrigation cost
Feed cost
Which of the following is not a system os farming
Rainfed farming
State farming
Collective farming
Cooperative farming
Which of the following used to determine how to produce ?
Factor -factor
Factor -product
Product -product
Benfit -cost