Agricultural Economics One Liner For Agri exam -1

Agricultural Economics One Liner

Agricultural Economics One Liner

Agricultural Economics one liner

Quest.The science of Wealth


Quest.The economic concerned with individual unit i.e., single industry, form or single consumer.

Ans.Micro economics

Quest.The economic deal with the whole economic setup i.e. total production, total expenditure, total income etc.

Ans.Macro economics

Quest.Father of Agricultural Economics

Ans.Adam Smith

Quest.The potential exchangeable means of satisfying human wants


(Agricultural Economics One Liner)

Quest.The part of wealth used for further regenerating wealth


Quest.Reward of Labour


Quest.Reward of Capital


Quest.Population theory was proposed by


Quest.The market used for food grains

Ans.Regional or State market (Agricultural Economics One Liner)

Quest.The market used for durable goods

Ans.National market

Quest.A time based market basically for perishable goods

Ans.Short period market

Quest.Food grain markets, vegetable markets, wool market are the example of

Ans.Special market

Quest.Which market ensure fair price

Ans.Regulate market

Quest.Which one is a competitive market?

Ans.Perfect market (Agricultural Economics One Liner)

Quest.The market which is permanent in nature

Ans.Secular market

Quest.The 1st function performed in the marketing of agricultural commodities


Quest.Which is not a function of marketing


Quest.FCI was established in


Quest.The Warehousing Corporations Act came into operation on

Ans.18th March, 1962 (Agricultural Economics One Liner)

Quest.NAFED was established in the year

Ans.October, 1958

Quest.When there is a single salers of a product

Ans.Monopoly market

Quest.A market consisting of single buyer of a product

Ans.Monosony market

Quest.When few salers of a commodity

Ans.Oligopoly market

Quest.When few buyers of a commodity

Ans.Oligopsony market (Agricultural Economics One Liner)

Quest.A market where homogenous products and large no. of buyers and salers are found

Ans.Pure Market

Quest.The contribution of central govt. in the capital share of Regional Rural Bank


Quest.WTO come in to effect from


Quest.The portion of the total produce in stock which the farmer is willing to sell.

Ans.Marketable surplus

Quest.The portion which is usually brought to the market at a particular time for sale.

Ans.Marketed surplus (Agricultural Economics One Liner)

Quest.The relationship between Marketable to Marketed surplus for perishable products


Quest.Marketable surplus is given by

Ans.MS = P – C

Quest.The minimum price at which the govt. is prepared to buy agril. commodities

Ans.Minimum Support Price (MSP)

Quest.MSP is fixed by

Ans.Commission of Agricultural Cost and Price (CACP)

Quest.National institute of Agricultural Marketing is situated at

Ans.Jaipur (Agricultural Economics One Liner)

Quest.The difference between value in use and value in exchange

Ans.Consumer surplus

Quest.The excess of what we are prepared to pay over what we actually pay for a commodity is known as

Ans.Consumer surplus

Quest.Short term loan is given for

Ans.1 to 1½ years

Quest.Long term loan is given for the period of

Ans.5 to 30 years (Agricultural Economics One Liner)

Quest.The 3 Rs of credit are

Ans.Returns, Repayment capacity and Risk bearing ability.

Quest.Loan repaying capacity of a farmer is judged on the basis of

Ans.Net income of farmer

Quest.Increase in money supply and fall in production causes


Quest.Risks arise due to changes in Government policies are termed as a

Ans.Institutional risk

Quest.AGMARK Act was passed in

Ans.1937 (Agricultural Economics One Liner)

Quest.Central AGMARK Lab is located at


Quest.1st bank in India was established on


Quest.Money supply in Indian national economy is regulated by


Quest.RBI was established and nationalized in

Ans.1st April, 1935 and 1st January, 1949

Quest.The bank who credits to marginal, small and Agricultural labours

Ans.RRB (1975)

(Agricultural Economics One Liner)

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