Agricultural Economics Quiz | Agriculture MCQ Practice for IBPS AFO 2026

1

Micro-economics studies:

Solution & Explanation Microeconomics focuses on the behavior of individual economic units.

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2

Example of monopoly market is:

Solution & Explanation Local electricity boards often operate as natural monopolies due to high infrastructure costs.

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3

Increase in inputs like irrigation, fertilizer, labour is called:

Solution & Explanation Farm intensification involves increasing inputs to boost output from a given land area.

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4

The Kisan Credit Card (KCC) scheme provides credit for various agricultural needs. Which of the following is typically NOT covered under the KCC scheme?

Crop production expenses

Purchase of luxury goods

Investment credit for allied activities (e.g., animal husbandry, fisheries)

Post-harvest expenses

Consumption requirements of farmer households

Solution & Explanation The KCC scheme provides adequate and timely credit support to farmers for their cultivation needs, post-harvest expenses, working capital for allied activities, and consumption requirements. It is not intended for the purchase of luxury goods or non-agricultural investments.

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5

The main aim of NABARD is to:

Urban infrastructure

Control inflation

Promote exports

Uplift rural India and rural non-farm sector

Regulate stock markets

Solution & Explanation NABARD's primary aim is to promote sustainable and equitable agriculture and rural prosperity.

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Agricultural Economics Quiz for IBPS AFO 2026

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