Agricultural Economics Quiz for IBPS SO Mains, FREE PDF & Live Quiz

1. Under the RBI Kisan Credit Card (KCC) scheme, the credit limit of a farmer raising a single crop in a year is worked out as:

2. The Government fixes MSP at a minimum of 1.5 times the A2+FL cost projected by CACP. In this formula, ‘FL’ stands for:

3. Under the Lead Bank Scheme, who acts as the convenor of the sub-committees of the District Consultative Committee (DCC)?

4. Under RBI’s priority sector norms, bank credit to registered NBFCs (other than MFIs) for on-lending to agriculture qualifies as priority sector lending up to what amount per borrower?

5. According to the Department of Animal Husbandry & Dairying, what share of the agriculture and allied sector GVA did the livestock sector contribute in 2022-23 (at current prices)?

6. Under the RBI Priority Sector Lending Directions, 2025, loans to individual farmers against pledge/hypothecation of agricultural produce for up to 12 months are eligible up to what limit against NWRs/eNWRS?

7. The Fair and Remunerative Price (FRP) of sugarcane approved by the CCEA for sugar season 2021-22 was:

8. Training for the Agri-Clinics and Agri-Business Centres (ACABC) scheme is coordinated by which institute?

9. The Minimum Support Price (MSP) for notified crops is announced by the Government of India on the recommendation of:

10. e-NAM (National Agriculture Market) is best described as:

11. In agricultural price policy, ‘parity price’ refers to a price that:

12. ‘Contract farming’ is best described as:

13. In Indian agricultural statistics, a ‘marginal’ operational holding is one of:

14. Under PMFBY, the maximum premium payable by farmers for Kharif food and oilseed crops is:

15. Under priority sector lending norms, domestic scheduled commercial banks must lend what share of Adjusted Net Bank Credit (ANBC) to agriculture?

16. Under the Modified Interest Subvention Scheme (MISS), short-term KCC loans up to ₹3 lakh are given at 7% interest. With the prompt repayment incentive, the effective rate for the farmer becomes:

17. The word ‘economics’ comes from the Greek ‘oikonomia’. The root ‘oikos’ means:

18. The ‘wealth’ definition of economics (economics as the science of wealth) was given by:

19. Microeconomics, which studies individual consumers, firms and markets, is also known as:

20. A farm that earns 50% or more of its total income from a single enterprise is called a: