Agricultural Marketing Trade and Prices MCQ

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Agricultural Marketing Trade and Prices MCQ

Agricultural Marketing Trade and Prices

Agricultural Marketing Trade and Prices MCQ

Q.1 Which of the following is an imperfect market?

  • Monopoly
  • oligopoly
  • both a and b
  • none of these 

both a and b

Q.2 In duopsony market there will be?

  • One buyer
  • one seller
  • two buyers
  • two sellers. 

two buyers

Q.3 Pick out the wrong statement?

  • Heterogenous and differentiated form of a commodity is noticed in monopolistic competition.
  • Different trade marks are used in monopolistic competition.
  • Different prices prevail for the same basic product.
  • Sellers in monopolistic competition mutually agree to charge a common price.

Sellers in monopolistic competition mutually agree to charge a common price.

Q.4 Converting groundnut into oil creates?

  • Place utility
  • form utility
  • time utility
  • possession utility. 

form utility

Q.5 Transport function of marketing creates?

  • Place utility
  • form utility
  • time utility
  • possession utility.

Place utility

Q.6 Storing milk creates?

  • Place utility
  • form utility
  • time utility
  • possession utility.

Time utility

Q.7 ABC company buying potatoes from XYZ trader results in?

  • Place utility
  • form utility
  • time utility
  • possession utility.

possession utility.

Q.8 Market conduct includes?

  • Market sharing and price setting policies
  • Policies aimed at coercing rivals
  • Policies toward setting the quality of products
  • Efficiency in the use of resources

Policies aimed at coercing rivals

Q.9 Knowledge of marketable surplus helps the?

  • farming population
  • non farm population
  • both a and b
  • neither a nor b.

non farm population

Q.10 Marketable surplus will be more in the case of?

  • rice
  • jowar
  • cotton
  • gram

cotton

Q.11 Marketable surplus will be less in the case of?

  • rice
  • Sugarcane
  • cotton
  • Tomato

Rice

Q.12 All the following have positive relationship with marketable surplus except?

  • size of family 
  • size of holding
  • quantity of production
  • a and b

Size of family

Q.13 Commodity price and marketed surplus would have negative relationship in the case of?

  • rice
  • cotton
  • sugarcane
  • jute.

rice

Q.14 Primary function of marketing includes?

  • Procurement
  • transport
  • storage
  • banking 

Procurement

Q.15 Secondary function of marketing includes?

  • Assembling
  • Grading 
  • insurance
  • banking 

Grading
 

Q.16 Tertiary function of marketing includes?

  • Assembling
  • transport
  • storage
  • insurance

insurance

Q.17 Physical function of marketing includes?

  • Grading
  • buying
  • selling
  • financing 

Grading

Q.18 Exchange function of marketing includes?

  • Processing
  • transport
  • selling 
  • standardization 

selling

Q.19 Facilitative function of marketing refers to?

  • Processing
  • grading
  • buying 
  • financing

financing

Q.20 Physical movement function of marketing refers to?

  • Storage
  • Creating demand 
  • financing
  • None of these

storage

Q.21 Ownership movement function of marketing refers to?

  • Packaging 
  • distribution 
  • negotiation of price
  • supervision

negotiation of price

Q.22 Market management function of marketing refers to?

  • Distribution
  • rendering advice
  • determining need
  • financing 

financing

Q.23 Wholesalers perform the following functions except?

  • Assembling
  • sorting 
  • advancing loans
  • none of these 

none of these

Q.24 Commission agents earn their income as?

  • Profit
  • per cent of sales value 
  • per cent of quantity sold 
  • service charge 

per cent of sales value
 

Q.25 Risk taking is a function of?

  • Agent middlemen
  • merchant middlemen
  • speculator
  • facilitative middlemen 

speculator

Q.26 Pick the odd man out from the following?

  • FCI
  • CWC
  • NAFED
  • Spices board 

NAFED

Q.27 A flour mill opening its retail outlet is an example for?

  • Horizontal integration
  • Forward integration
  • Conglomeration
  • Backward integration 

Forward integration

Q.28 Pepsico company engaging in tomato procurement directly from farmers is?

  • Horizontal integration
  • Vertical integration
  • Conglomeration
  • Forward integration

Vertical integration

Q.29 Calculating marketing margin and cost in fresh fruits marketing is meaningful when one follows?

  • Lot method
  • Sum of average gross margins method
  • Comparison of prices at successive levels of marketing
  • Both b and c

Lot method

Q.30 Farmers’ share in consumer rupee will be the least in marketing of?

  • Rice
  • Milk
  • Cotton
  • Gram

Cotton

Q.31 Price spread will be the least in marketing of?

  • Rice
  • Milk
  • Green leaves
  • Coconut 

Green leaves

Q.32 Globalisation of a country’s economy would increase its?

  • Export
  • Import
  • Both a and b 
  • Foreign exchange Reserve 

Both a and b
 

Q.33 Globalisation of Indian economy was initiated in the year?

  • 1981
  • 1985
  • 1991
  • 1995

1991

Q.34 Trade liberalisation in India resulted in?

  • Increased share of agricultural and allied products in total export earnings.
  •  Increase in absolute value of total exports.
  • Both a and b
  • None of these Ans: b

Increase in absolute value of total exports.

Q.35 Pick the odd man out?

  • MPEDA
  • APEDA
  • NAFED
  • DMI 

DMI
 

Q.36 Tariffication of all non tariff barriers is related to?

  • Market access commitment 
  • Aggregate measure of support
  • Export subsidy
  • TRIPS 

Market access commitment
 

Q.37 AOA allows unlimited support to activities such as?

  • Pest and disease control
  • Public stock holding for food security purpose.
  • domestic food aid
  • All of these

All of these

Q.38 Cotton Corporation of India was established during the year?

  • 1955
  • 1965
  • 1970
  • 1975

1970

Q.39 Co operative marketing was not successful in India except?

  • Cotton
  • Edible oil 
  • Milk 
  • Pulses

Milk

Q.40 Quality of agricultural commodities is ensured by?

  • AGMARK
  • ISI
  • BSI 
  • ISO 

AGMARK

Q.41 International food safety standards are developed by?

  • HACCP
  • ODEX
  • ECOMARK
  • WTO

ODEX

Q.42 Food Corporation of India was established in the year?

  • 1955
  • 1965 
  • 1972
  • 1975

1965
 

Q.43 Buffer stock operations does not ensure?

  • Price fall
  • Price stabilisation
  • Food security
  • None of these 

None of these
 

Q.44 Building buffer stock is possible by?

  • Domestic procurement
  • import
  • Both a and b
  • None of these

Both a and b

Agricultural Marketing Trade and Prices MCQ

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