Agricultural Economics One Liner Questions (3)

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Agricultural Economics

Agricultural Economics One Liner Questions (3)
 
Agricultural Economics For Agricultural Exams JRF, SRF, ARS/NET, SAU, PhD, IFFCO, NFL and other competitive exam 
Subject:- Agriculture Economics
Special 30 One Liner Questions
  Questions Answers
1 The term Macro economics and Micro economics given by? Ragner frisch (1933)
2 Money supply in economy is regulated by? RBI
3 All India Rural Credit Survey Committee was constituted by?  RBI
4 Market guided by rules and regulations is called?  Regulated Market
5 Markets in which business is done in accordance with the rules and regulations is called? Regulated market
6 The price elasticity of demand for ‘food’ is? Relatively inelastic
7 Regulated market ensures?  Remunerative price
8 Principle of Equi-marginal returns is applied when? Resources are limited
9 Which line represents isoclines?  Ridge line
10 FAO-Food & Agricultural Organisation is located at? Rome (Italy)
11 Decrease in demand means less demand at? Same price
12 Growth definition of economics given by?  Samuelson
13 The level of indifference curve from the origin depends upon the level of? Satisfaction
14 The excess of income over consumption is called? Saving
15 Farm clinics is the main feature of?  SBI
Agricultural Economics
 
  Questions Answers
16 Demand for luxurious good is? More elastic
17 Demand of Agricultural Products is relatively? More inelastic
18 PPC for greater level of production represented by?  Moving away from origin
19 When TPP is decreasing?  MPP is decreasing
20 When APP is decreasing?  MPP< APP
21 First governor of RBI was? Mr. Osporne A. Smith
22 Marginal utilization of resources is attained where? MR=MC
23 To get the maximum profit keep adding the variable resources in the production process till? MR>MC
24 The economics of Imperfect competition?  Mrs Joan Robinson
25 Who coined the term “Monopsony?  Mrs Joan Robinson
26 Marketable surplus is given by?  MS = P-C
27 An Apex Institute at all India level in the field of rural credit and agricultural credit? NABARD
28 The apex body for institution finance for agriculture in India is? NABARD
29 Wadi programme started by?  NABARD
30 Central “AGMARK” laboratory is located at? Nagpur (1937)

 

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