SEMESTER END EXAMINATION (B. Sc.

Agriculture)
SEMESTER: VI Course No. – ECON 365 (1+1)

Title: Farm management, Production and Resource Economics.

Note:
1) Below given questions are most asked questions for semester end theory exam before.
2) Given questions are collected from previous year question papers.
3) All Questions are collected by: Team @agricos_official

1) Define farm budgeting. Differentiate between partial and complete budgeting.

2) Define farm planning and enlist its steps and explain importance and characteristics of a good farm
plan.

3) What are the seven types of costs? Explain the relationship between average and marginal cost curves

4) State the different types of farming and explain specialized farming with its advantages and
disadvantages.

5) What is Farm Management? State its objectives and Explain different economic principles applied to
farm management.

6) State and explain law of decreasing returns with example. State the reasons for the operation of the law
in agriculture.

7) Explain the importance of farm records and accounts in managing a farm. State advantages and
difficulties in farm records and accounts keeping.

8) Give the definition of agriculture production economics and explain its scope in brief.

9) Define risk and uncertainty and differentiate between risk and uncertainty.

10) What is linear programming? Give its components and assumption of linear programming.

11) Give meaning of product relationship. Enlist different types of enterprise relationship and explain
complementary Enterprise

12) Write Short note on:

a) Classification of natural resources e) Least cost combination
b) Types of production function f) Natural Resource Economics
c) Types of farm budgeting g) Causes of resource depletion
d) Cooperative farming h) Farm Inventory / iso-quant

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