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MCQs On Agriculture Economics And Marketing For Agriculture Examinations

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 daily based on previous years’ questions of the Examination for Agriculturists.

In this test, you have to attempt 50 questions from Agriculture Economics and 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.

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MCQs On Agriculture Economics and Marketing

1. The law of diminishing returns in agricultural production states that when additional units of a variable input are added to fixed inputs, the marginal product of that input will eventually:

2. When the price elasticity of demand for a farm product is greater than 1, it implies that:

3. In a perfectly competitive agricultural market, a single farmer is considered as:

4. Which of the following correctly represents the concept of equilibrium price in agricultural economics?

5. The World Trade Organization (WTO) Agreement on Agriculture primarily aims to:

6. The term “marketing margin” in agricultural marketing refers to:

7. In macroeconomic terms, the Gross Value Added (GVA) in agriculture represents:

8. Which of the following is NOT considered a function of agricultural marketing?

9. When the government sets a minimum support price (MSP) above the equilibrium price, it generally results in:

10. Under the law of comparative advantage, a country should specialize in producing agricultural goods that:

11. In the short run, at least one factor of production in agriculture is considered:

12. The production function in agriculture shows the relationship between:

13. Which of the following best explains the law of variable proportions in farm production?

14. The opportunity cost of producing one additional ton of corn in a farm represents:

15. In a perfectly competitive agricultural market, individual farmers maximize profit when:

16. In the long run, all factors of production in agriculture are considered:

17. The elasticity of supply in agriculture tends to be low in the short run because:

18. In an oligopolistic market for fertilizers, pricing decisions by one firm usually affect:

19. When the demand for rice decreases while supply remains constant, the equilibrium price will:

20. A point inside the Production Possibilities Frontier (PPF) represents:

21. Fiscal policy refers to the government’s use of:

22. In developing countries like the Philippines, agricultural growth contributes to economic development primarily by:

23. The monetary policy tool most directly used by the Bangko Sentral ng Pilipinas (BSP) to control inflation that affects agricultural credit availability is:

24. Structural transformation in an economy typically involves:

25. The term “terms of trade” in agricultural economics refers to:

26. When a country’s currency depreciates, agricultural exports usually:

27. The General Agreement on Tariffs and Trade (GATT) was primarily created to:

28. Trade liberalization in agriculture generally leads to:

29. Which of the following policies would most likely encourage agricultural exports?

30. A country experiences an agricultural trade surplus when:

31. A farmer sells fresh tomatoes at farm-gate for ₱18/kg. The wholesaler buys and sells them to retailers at ₱24/kg. Retailers sell to consumers at ₱36/kg. What is the absolute marketing margin and the marketing margin as a percentage of the retail price (rounded to 1 decimal place)?

32. Which channel of distribution for unprocessed rice involves the fewest intermediaries and generally gives the farmer the highest share of the final consumer price?

33. A crate of mangoes has an average post-harvest loss of 12% during storage and transport. If a farmer harvests 1,000 kg, what is the expected marketable quantity (in kg) after accounting for these losses?

34. Under functional approach to agricultural marketing, which of the following lists contains only marketing functions?

35. A local standard states Grade A mangoes must have at least 18% total soluble solids (TSS). This standard primarily helps marketing by:

36. A cooperative buys palay (paddy) from members at ₱17/kg. After milling, 1 kg palay yields 0.65 kg rice. If the cooperative sells rice at ₱40/kg, what is the cooperative’s gross margin per kg of palay processed into rice (use conversion to express margin per kg palay rounded to ₱)?

37. A well-functioning Market Information System (MIS) for vegetables is most likely to reduce which of the following farmer problems?

38. Which pricing method is most appropriate when a processor sells a branded packaged product (e.g., processed fruit jam) and seeks to recover fixed promotion and packaging costs?

39. A retailer adds packaging and promotion worth ₱4/kg and handles distribution costs of ₱6/kg. If the farm-gate price was ₱22/kg and wholesaler margin was ₱5/kg, what is the retailer’s margin if retail price to consumer is ₱ Forty (₱40/kg)?

40. In consumer behaviour analysis for fresh vegetables, an observed shift of demand curve to the right (holding price constant) is most plausibly explained by which factor?

41. The government’s guaranteed minimum price at which it buys rice from farmers through the National Food Authority (NFA) is an example of which policy instrument?

42. The major objective of agricultural price support programs implemented by the government is to:

43. A sudden fall in global sugar prices causes lower domestic cane prices and farmer income. This situation reflects which type of agricultural risk?

44. In a typical value chain analysis for mangoes, the actor responsible for quality control and export packaging is usually the:

45. The “Rice Competitiveness Enhancement Fund (RCEF)” in the Philippines, established under the Rice Tariffication Law (RA 11203), mainly aims to:

46. When farmers join together to form a marketing cooperative, their collective action primarily helps them to:

47. Globalization has led to Philippine agriculture being more exposed to world market fluctuations. Which of the following is a direct impact of globalization on agricultural marketing?

48. A government subsidy on fertilizer inputs effectively lowers production costs. Which of the following outcomes is most likely, ceteris paribus?

49. A government decision to impose a temporary ban on onion imports to protect local farmers represents which type of policy measure?

50. A farmer diversifies production by planting vegetables along with rice to reduce income volatility. This strategy best represents:

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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.

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