Agriculture - Mock Test 88

Question 871

The main cause of inflation is in money supply and decrease in production?

A) Decrease B) Increase C) Remains same D) None of them

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Question 872

The law, which is very useful in determining the best use of limited resources, is?

A) Law of opportunity cost B) Law of diminishing return C) Law of substitution D) None of the above

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Question 873

The law of diminishing returns applies more generally to?

A) Cloth Industry B) Chemical Industry C) Agricultural Industry D) Film Industry

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Question 874

The large number of combination of two inputs which have some cost is known as?

A) Iso product B) Iso cost C) Iso revenue D) Indifference curve

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Question 875

The inflection point on total product curve corresponds to the?

A) Maximum of marginal product curve B) Maximum of average product curve C) Maximum of total product curve D) Minimum of marginal product curve

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Question 876

The total fixed cost curve?

A) Increase with the level of output B) Remains constant at all the output C) Decreases as output increases D) Both b and c

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Question 877

The grain dealer stocks grain to supply it as the time of shortage and creates?

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

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Question 878

The function of successful farm manager is?

A) Formation of the goals B) Recognition and definition of a problem C) Decision making and taking action D) All of these

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Question 879

The formula for rate of capital turn over is?

A) Gross Income/Total Farm Assests x 100 B) Net Income / Total Farm Assests x 100 C) Total Farm Assets / Net Farm Income x 100 D) None of the above

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Question 880

To whom do you attribute the 'Concept of consumer's Surplus'?

A) Barbura Hosale B) Alfred Marshall C) Barbura Marshall D) Barbura wootton

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