Agriculture - Mock Test 106

Question 1051

Farm credit may be defined as lending?

A) For the development of land and labour B) For more yield C) For the development of agriculture D) For the development of forestry, popultry, piggery etc

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Question 1052

Farm budgets are used to?

A) Compare economic profitability of different production activities within or among farms B) Indicate wheather a proposed change will be profitable under a given set of factors C) Explore conditions under which certain farm practices become profitable or unprofitable D) Do all the above

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Question 1053

Fasts and findings of other science are coordinated for the solution of various problems of individual farmers with view to achieving certain desired goals, hence, farm management is?

A) Micro Approach Science B) Practical Science C) Integrating Science D) Broader Field

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Question 1054

Which one of the following formulae gives the correct measure of 'Rate of Capital turnover'?

A) (Gross income/Total farm assets) x 100 B) (Net income / Total farm assets) x 100 C) (Farm business income / Total farm assets) x 100 D) (Capital investment / Total farm assets) x 100

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Question 1055

Extension is demand means?

A) Change in demand due to change in price B) Change in demand due to change in income C) Both a and b D) None of these

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Question 1056

Which one of the following is correct statement for market?

A) A place where commodities are bought and sold B) Potential buyers and sellers of the product C) An organization, which provides facilities for exchange of commodities D) All of these

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Question 1057

Expenditure on fertilizers is called?

A) Fixed cost B) Variable cost C) Marginal cost D) Total cost

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Question 1058

Enterprise budgeting deals with input-output relationship of?

A) A set of different enterprises B) A single enterprises of the farm C) Both of the above D) None of the above

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Question 1059

Economy of a developing country is marked by?

A) Predominance of agriculture B) Predominance of industry C) Predominance of transportation D) None of them

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Question 1060

Economics is primarily a study of?

A) Man B) Wealth C) Wants D) None of these

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