Agricultural Economics Multiple Choice Questions and Answers (MCQS): Agriculture Entrance Exam

Agriculture Economics Multiple Choice Questions: Agriculture Economics is a subject as well as major or minor minor faculty in a n agriculture university. It is the study of agriculture product’s, services and their marketing.

Agriculture Economics Multiple Choice Questions are asked in different agricultural competitive exams. These questions are important in agricultural competitive exams e.g., JRF, SRF, CET, BHU, NET, ICAR, RHEO, RAEO, SHDO, SADO, ADH ADA etc.


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Last Updated: 21-04-2021, 09:28 am, IST.

PART 02: Agricultural Economics MCQS

[DISCLAIMER: This Page doesn’t include any copyrighted material(s).

Resemblance with any ‘Question Set’ from this Page may be due to – ‘The Common Words and Sentences are not the subject of Copy Right’.

All questions are prepared by the authors of the site.]

Question- 01. TRIFED was established in the year 1987 for…?

(a). To develop marketing system for forest products.
(b). To develop marketing system for medicinal products.
(c). To develop marketing system for foreign products.
(d). To develop marketing system for non-agricultural products.

See Answer

Question- 02. Which is known as the sunk cost?

(a). Retrospective cost.
(b). Fixed cost.
(c). Flow cash.
(d). Fixed cash.

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Question- 03. Macro approach is a concept of…?

(a). Farm management.
(b). Production economics.
(c). Market surplus.
(d) All of the above.

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Question- 04. Land holding of marginal farmer is?

(a). Less tha 5 acre.
(b). More tha 5 acre.
(c). Less than 2.5 acre.
(b). More than 2.5 acre.

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Question- 05. The theory of absolute advantage was given by?

(a). Walker.
(b). Shane.
(c). Germy.
(d). Smith.

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Question- 06. Contribution of agriculture in India’s GDP in the year 2016 was?

(a). 12 – 13%.
(b). 16.9 – 17.9%.
(c). 14.8 – 15. 8%.
(d). 13 – 14%.

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Question 07. In economics cash is a..?

(a). Working capital.
(b). Fixed capital.
(c). Flowing in one direction
(d). Non of the above.

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Question 08. The theory of inflation was given by..?

(a). A. Walker.
(b). A. P. Lerner.
(c). S. M. . Marker.
(d). W. Stan.

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Question 09. Production Economics is a..?

(a). Micro approach.
(b). Macro approach.
(c). Both a and b.
(d). Non of the above.

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Question 10. Who is know as father of economics?

(a). J. M. Keynes.
(b). V. Anstey.
(c). F. Smith.
(d). Marshall.

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Question 11. Full form of GNP is..?

(a). Gross National Productivity.
(b). Gross National Product.
(c). Gross Nation Product.
(d). Growing National Product.

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Question 12. The planing commission was established in..?

(a). 1940.
(b). 1960.
(c). 1950.
(d). 1960.

See Answer

Question 13. The central agmark laboratory is situated at..?

(a). Pune.
(b). Nagpur.
(c). Mumbai.
(d). Goa.

See Answer

Question 14. Types of wages are..?

(a). Money.
(b). Real.
(c).  Both a and b.
(d). Non of the above.

See Answer

Question 15. Which is a type of wealth?

(a). Negative wealth.
(b). Cosmopolitan wealth.
(c). National wealth.
(d). All of the above.

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Question 16. Dumping activity is seen in..?

(a). Demonopolization.
(b). Monopoly.
(c). De facto standard.
(d). All of the above.

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Question 17. The major topic(s) in agricultural economics are..?

(a). Agricultural environment and natural resources
(b). Food and consumer economics.
(c). Production economics and farm management.
(d). All of the above.

See Answer

Question 18. A marginal farmer should have land between..?

(a). 1 – 1.5 acre.
(b). 1.5 – 2.5 acre.
(c). 5 – 7.5 acre.
(d). 2.5 – 5 acre.

See Answer

Question 19. Planning commission was established in..?

(a). 1950.
(b). 1960.
(c). 1955.
(d). 1965.

See Answer

Question 20. Operational holding refers to..?

(a). Net cultivated area by farmer.
(b). Total irrigated area.
(c). Total area under fencing.
(d). All of the above.

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Question 21. In mixed farming, gross income from livestock is..?

(a). 50%.
(b). 25%.
(c). 21%.
(d). Non of the above.

See Answer

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Question 22. Credit to farmers for land development projects is given in the form of..?

(a). Indirect finance.
(b). Direct finance.
(c). Both a and b.
(d). None of the above.

See Answer

Question 23. As the RBI Governor, how may days served (in office) by Dr. Manmohan Singh?

(a). 851.
(b). 651.
(c). 951.
(d). 551.

See Answer

Question 24. What is the full form of AIF? he 2019-2020 actual

(a). Agriculture Individual Fund.
(b). Agricultural Investment Fund.
(c). Agriculture Infrastructure Fund.
(d). Agriculture Interest Fund.

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Question 25. 2019-20 Actual AIF was …. in crores?

(a). 00.00.
(b). 1,530.10.
(c). 1478.00.
(d). 650.35.

See Answer

Question 26. Truck Farming is a type of..?

(a). Intensive farming.
(b). Extensive farming.
(c). Both.
(d). None of the above.

See Answer

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