Agriculture - Mock Test 109

Question 1081

Which one of the following is operational decision?

A) Enterprise mix B) Selection of least cost C) Level of resource ue D) All above

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Question 1082

Which one of the following principles is employed in production when resources are scarce?

A) Added cost is equal to added returns B) Equal-marginal principle C) Competitive advantage D) None of these

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Question 1083

Capital market deals with?

A) Cotton B) Wheat C) Raw material D) Bonds and shares

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Question 1084

By preparing chairs the wood creates?

A) Form utility B) Time utility C) Place utility D) Knowledge utility

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Question 1085

Buyer's market devote the place where?

A) Supply receeds the demand B) Supply exceeds the demand C) Money value remains unchanged D) None of these

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Question 1086

Building machinery and implements are examples of?

A) Variable resources B) Fixed resources C) Flow resources D) None of the above

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Question 1087

Break-even point is determined by?

A) MC = MR B) MC = AVC C) MC = AC = AR D) TR = TC

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Question 1088

Who was the first economist to have evolved the technique of indifference curve analysis?

A) David Ricardo B) Bohm Bawerk C) F Y Edgeworth D) A C Pigou

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Question 1089

Basic fundamental law of agriculture is?

A) Law of diminishing return B) Law of equimarginal return C) Law of substitution D) Law of demand and supply

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Question 1090

Average product is equal to marginal product when?

A) Average Product is maximum B) Average Product is minimum C) Marginal Product is zero D) None of the above

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