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Ag. Economics-3

Q.1
Dry land farming means cultivation of crops in areas where annual rainfall is_______ mm.

< 750
> 750
< 1150


Q.2
Rainfed farming means cultivation of crops in areas where annual rainfall is _______ mm.
> 750
< 1150
> 1150


Q.3
In________ farming system the emphasis should be given on disposal of excess water.
dry
dry land
rainfed


Q.4
In ___________ farming system the emphasis should be given on soil and water conservation.
dry
dry land
both


Q.5
Planning is a _____________an process.
decision making
continuous
both


Q.6
When a farmer makes few modifications or minor changes in the existing plan of the farm business, _________ budgeting technique is employed.
partial
enterprise
complete

Q.7
Added costs, added returns, reduced returns and reduced costs are the important elements of ___________ budgeting.

partial
enterprise
complete


Q.8
The ___________ budgeting method is used to make a budget for the whole farm.
partial
enterprise
complete


Q.9
The ___________ budgeting method is used in situations involving extensive remodeling of the farm organizations.
partial
enterprise
complete


Q.10
The ___________ budgeting method is used to make a budget for the cultivation of cotton in one acre of land.
partial
enterprise
complete


Q.11
Minimum Support Price (MSP) reduces the ____________ risk.
marketing
price
Both


Q.12
Insurance of dairy animals reduces ______________risk.
production
financial
Both


Q.13
Appropriate agronomic practices reduce__________risk.
production
price
marketing


Q.14
In case of prices estimates of farm produce, if expected value is ________ simple average then there is no price risk for the commodity.
equal to
more than
less than


Q.15
In case of yield estimates, if expected value is ___________ simple average then there is no production risk for the commodity.
equal to
more than
less than


Q.16
In a production process, the reward to the landlord is ___________.
rent
wages
interest


Q.17
In a production process, the reward to the capital is ________.
rent
wages
interest


Q.18
In a production process, the entrepreneur’s reward is___________
wages
interest
profit


Q.19
The shape of the curve of increasing returns gets _________to the origin.
concave
convex
straight line


Q.20
The shape of the curve of constant returns gets____________.
concave
convex
straight line


Q.21
The shape of the curve of decreasing returns gets ___________to the origin.
concave
convex
straight line


Q.22
The law of ______________returns operates widely in agriculture.
increasing
decreasing
constant


Q.23
The main objective of factor-product relationship is____________________.
cost minimization
profit maximization
resource optimization


Q.24
The main objective of factor-factor relationship is____________________.
cost minimization
profit maximization
resource optimization


Q.25
The main objective of product-product relationship is____________________.
cost minimization
profit maximization
resource optimization

Number of score out of 25 = Score in percentage =


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