| |

Agricultural Economics & Marketing MCQs for Licensure Exam for Agriculturists

ByAditya Abhishek

Hey students, preparing for your upcoming agriculture examinations such as PRC LEA, UPSC, ICAR JRF, etc. but confused about whether your preparation is going well or not? Well, no more! At Agriculture Review, we keep updating new test series based on previous years’ questions of the Examination for Agriculturists.

In this test, you have to attempt 50 questions from the Agricultural Economics & Marketing subject. Attempting all questions is necessary to identify your strengths and weaknesses. After completing the test, you can take a screenshot of your result for future reference and compare it with past performances. To stay updated with regular test series, click on the bell icon at the bottom left corner of the screen.

📘 How to Attempt These LEA Based MCQs

Follow these simple steps to simulate exam conditions, boost accuracy, and learn from mistakes effectively.

  1. Read each question carefully. Look for keywords like “primary,” “most common,” or “best suited.”
  2. Use the elimination method. Cross out obviously wrong options first to narrow choices.
  3. Time management: Aim for 1 minute per question (total 50 minutes). Mark hard questions and return to them later.
  4. Think conceptually. LEA questions often test application — ask yourself why an answer fits.
  5. Keep calculations minimal. Most MCQs are conceptual; when calculations appear, write steps clearly.
  6. After finishing, review answers. Check the answer key only after completing the whole test to assess time and accuracy.
  7. Create a revision list. Note down topics you missed and review them in short, focused sessions.
Quick tips:
  • Answer easy questions first to secure marks quickly.
  • For disease questions, remember causative agents (virus/bacteria/protozoa) and prevention methods (vaccination/biosecurity).
  • Memorize common breeds, top-producing regions, and key lab tests (e.g., CMT for mastitis).

Tip: Repeat the quiz weekly and track progress. Consistent practice beats last-minute cramming.

You can also join our Facebook Broadcast Channel, where we regularly share newly updated questions. All the best for today—I hope you become a registered Agriculturist soon!

JOIN BROADCAST CHANNEL
agricultural-economics-marketing-mcqs-for-licensure-exam
Agricultural Economics & Marketing MCQs

Agricultural Economics & Marketing MCQs

1. Which institution in the Philippines is primarily mandated to provide long-term credit and development financing to the agriculture sector?

2. Under the WTO Agreement on Agriculture (AoA), which of the following categories allows a member to subsidize domestic producers with minimal limits because the subsidy is considered to cause no or minimal trade distortion?

3. In farm management, which concept best describes choosing the combination of enterprises that maximizes expected utility when output prices and yields are uncertain?

4. Which marketing function specifically addresses temporal mismatch between harvest supply and consumer demand by reducing spoilage and enabling delayed sale?

5. Which of the following best describes “contract farming”?

6. Which policy instrument is primarily used by governments to manage domestic rice prices while complying with market-based rice tariffication policies?

7. Which of these is considered a critical weakness of informal rural credit markets compared to formal agricultural finance?

8. Which market information system (MIS) feature most directly reduces market failures caused by asymmetric information between producers and traders?

9. Which of the following measures is most consistent with improving a cooperative’s ability to reduce marketing margins for its members?

10. In an export-oriented agricultural product with strict SPS (Sanitary and Phytosanitary) requirements, which stakeholder action most directly reduces the risk of trade rejection by importing countries?

11. In farm budgeting, which of the following represents an example of a partial budget analysis?

12. Which of the following is a major reason why the Philippine rural credit system often experiences high loan default rates?

13. Which of the following best explains why monopsony conditions often prevail in smallholder agricultural markets?

14. A cooperative that pools produce from its members, grades them, and sells directly to supermarkets is performing which critical marketing function?

15. In agricultural trade, “tariff escalation” refers to which practice by importing countries?

16. Which farm management tool is most appropriate for determining the most profitable crop mix given land, labor, and capital constraints?

17. Which of the following government policies directly contributed to the liberalization of rice imports in the Philippines?

18. Which element of rural sociology explains why trust and informal agreements play a dominant role in smallholder agricultural marketing systems?

19. Which of the following financial institutions pioneered microfinance lending to smallholder farmers in the Philippines?

20. Which farm-level cost classification is illustrated when fertilizer expenses increase proportionally with higher cropped area?

21. Which rural social institution in the Philippines traditionally facilitates collective farm labor exchange without monetary payment?

22. In farm management, the concept of “opportunity cost” is most relevant when:

23. Which of the following agricultural policies directly established the Agrarian Reform Fund to support land distribution and farmer assistance?

24. Which characteristic of informal credit schemes like “paluwagan” explains their popularity in Philippine rural communities?

25. Which WTO principle requires member countries to treat imported agricultural goods no less favorably than domestically produced goods?

26. In enterprise combination, a farmer chooses to diversify crops instead of specializing in monocropping mainly to:

27. Which of the following policies established the Rice Competitiveness Enhancement Fund (RCEF)?

28. In rural sociology, which of the following concepts explains the persistence of smallholder farmers’ dependence on traders for credit and market access?

29. Which farm management decision rule is applied when a farmer allocates resources to the point where Marginal Value Product (MVP) equals Marginal Factor Cost (MFC)?

30. Which financing program under the Philippine government aims to provide zero-interest, non-collateral loans to small farmers and fisherfolk?

31. In agricultural price analysis, the cobweb model assumes that farmers base their production decisions primarily on:

32. Which type of agricultural market structure is most closely associated with monopsony power?

33. The main function of a marketing cooperative is to:

34. Hedging in commodity futures markets is primarily aimed at:

35. Which of the following is an example of a derived demand in agricultural economics?

36. In the context of international trade, the Law of Comparative Advantage explains that:

37. In agricultural marketing channels, which middleman is primarily responsible for assuming risk and taking ownership of goods?

38. Which of the following best describes Engel’s Law in relation to food consumption?

39. The primary purpose of grading and standardization in agricultural marketing is to:

40. Which of the following measures is MOST effective in reducing price fluctuations in agricultural commodities?

41. The supply curve of agricultural products in the short run is generally:

42. Which of the following marketing functions is classified under physical functions?

43. In welfare economics, the condition for Pareto Optimality in agricultural resource allocation requires:

44. Which of the following best explains “marketing margin” in agricultural economics?

45. Which measure of central tendency is MOST appropriate when analyzing skewed farm income distribution data?

46. A non-price determinant of demand for agricultural commodities is:

47. The main advantage of contract farming for smallholders is:

48. In agricultural project appraisal, the Internal Rate of Return (IRR) is defined as the discount rate at which:

49. Which of the following is an example of an institutional source of agricultural credit in the Philippines?

50. Which WTO Agreement primarily governs agricultural trade liberalization, including tariffs and subsidies?

Your Quiz Result

Share your score!

If you have any queries, ideas or suggestions, then please comment below. You can also connect with Agriculture Review on Facebook, Instagram, Koo and WhatsApp Messenger.

To learn N-P-K Computations, try checking out our tool: NPK Calculator

Aditya Abhishek has completed Bachelor Of Science in Agriculture from SDSUV, Uttarakhand. He focuses on learning and delivering knowledge on Agriculture and Home Gardening. He created Agriculture Review as a common platform for all nature enthusiast to learn better practices of agriculture, gardening & shop quality products & services.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *