Arun Katyayan Agriculture Economics — Agri Master Mind

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