M.A. (Semester (CBCS) Examination Nov/Dec-2018
Economics
AGRICULTURAL ECONOMICS
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct options 14
Seeds are considerate as in agriculture production function.
Output Input
Input and output None of these
Agriculture economics deals with
Problems related to food processing industry
Problems related to service sector
Problems related to agriculture sector
None of these
Production function measures the relationship between
Input price and output price
Input prices and output in quantity
Quantity of inputs and quantity of output
The quantity of input and input prices
Average product is equal to marginal product when
Average product is maximum Average product is minimum
Marginal product is zero None of these
Basic fundamental low of agriculture goods is
Law of diminishing returns
Law of Equi-marginal utility returns
Law of substitution
Law of demand and supply
Symbol used for purity of agriculture goods is
ISI AGMARK
All the above
A farmer having less than hectare of irrigated land is known as
Landlord Marginal farmer
Small farmer None of these
When the total product curve is falling the
Marginal product of labour is zero
Marginal product of labour is negative
Average product of labour is increasing
Average product of labour must be negative
A long run analysis of production is called as
Economics of scale Law of variable proportion
Law of increasing returns Law of returns to scale
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SLR-HS-3
10) Price elasticity of demand
Responsiveness of demand to change in price
Responsiveness of demand to change in tastes
Responsiveness of demand to change in income
Responsiveness of demand to change in price of related goods
11) The vertical demand curve for a commodity shows that its demand is

Highly elastic Perfectly inelastic
Fairly elastic Moderately elastic
12) NABARD plays very important role in
Agriculture development only Rural development only
Both of and None of these
13) NAFED stands for
Ministry of Agriculture
Planning Commission
Commission For Agriculture Costs And Prices
NABARD
14) Who recommended MSP and Issues Prices?
Ministry of Agriculture
Planning Commission
Commission For Agriculture Costs And Prices
NABARD
Q.2 Short notes (any four out of 16
Importance of Agriculture Economics
Role of new technology in development of agriculture sector
Production function
Cross elasticity of demand
Seasonal fluctuation
Marketing function
Q.3 Short answer types questions (any 2 out of 12
What is difference between agriculture sector and industrial sector?
What is diminishing returns to scale?
Explain the factor-factor relationship.
Explain the various marketing channels.
Q.4 Descriptive types questions solve (any 1 out of 14
What is agriculture economics? Explain the role of agriculture sector in
economic development.
What is price elasticity of demand? Explain the different types of price
elasticity of demand with graph
Q.5 Answer the following questions 14
What is agriculture marketing? Explain the major problem in agriculture
marketing and given the suggestions.