Agriculture Question Bank Agri Economics One Liner Questions (5)

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Agriculture Question Bank Agri Economics One Liner Questions (4)

Agriculture Question Bank

Subject:- Agriculture Economics
Special 30 One Liner Questions
Questions Answers
The national center for agricultural economics and policy research is located at? New Delhi
The highest per capita income of farmers is in? Punjab
In farm production capital is the? Passive factor
Monopoly market can exist because of? Patents
Better measure of economic development is? Per capita income
A market structure with a large number of firms selling differentiated product is called? Perfect competition
Retail markets are considered to be? Perfect market
There is a large number of buyers and seller and they have perfect knowledge of demand, supply and prices termed as? Perfect market
A great rise or fall in the price of the commodity, its demand remains absolutely unchanged is known as? Perfectly inelastic demand
When a great change in price of a commodity leads to no change in quantity supplied it is called? Perfectly inelastic supply
Short period markets are found for?  Perishable goods
Example for Non-transferable internal good?  Personality
What is liquid gold?  Petrol
Transportation function creates? Place utility

Agriculture Question Bank

Questions Answers
Manufacturer use both machinery and labour, then wants are?  Complimentary
The demand for a commodity that can be put to several uses is? Composite demand
A fall in the market price increases the? Consumer’s surplus
Less demand at higher price means? Contraction of demand
Which of the following system of farming operationship is collective?  co-operative joint farming
“Tilak sangh” in Rajasthan is a ? Co-operative Marketing society 
Elasticity cannot be explained by? Correlation
Net worth is also known as? Value of company (assets-liabilities)
Difference between demand for credit and its supply is? Credit gap
Short term credit facility is given for the purpose of? Crop production
Quantity demand of a good which will be changed with reference to change in price of related goods are? Cross demand
Cash on hand is an example for?  Current asset
Crop loans are an example of? Current liabilities
Subsistence Theory of Wages?  David Ricardo
Theory of Rent?  David Ricardo

 

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