Given below are two statements:
Statement (I): The term "Operational holding" refers to the gross cropped area cultivated by the farmer.
Statement (II): The objective of subsistence farming is to produce for both home and market.
In light of the above statements, choose the most appropriate answer from the options given below:
Statement (I): The term "Operational holding" refers to the gross cropped area cultivated by the farmer.
Statement (II): The objective of subsistence farming is to produce for both home and market. In light of the above statements, choose the most appropriate answer from the options given below:
Show Hint
- Both Statement (I) and Statement (II) are correct.
- Both Statement (I) and Statement (II) are incorrect.
- Statement (I) is correct but Statement (II) is incorrect.
- Statement (I) is incorrect but Statement (II) is correct.
The Correct Option is B
Solution and Explanation
- Statement (II) is incorrect: Subsistence farming primarily aims to produce food and crops for the farmer’s family or household consumption, with little to no surplus intended for the market. In contrast, commercial farming focuses on producing for both home and market, with significant market-oriented output. Since both statements are incorrect, option (2) is correct.
Top Questions on Economics
- Unequality in India is due to:
Consider the following Harrod-Domar growth equation: \[ \frac{s}{\theta} = g + \delta \] where \( s \) is the saving rate, \( \theta \) is the capital-output ratio, \( g \) is the overall growth rate, and \( \delta \) is the capital depreciation rate. If \( \delta = 0 \) and \( s = 20% \), then to achieve \( g = 10% \), the capital-output ratio will be ________ (in integer).
Let \( Y \) be income, \( r \) be the interest rate, \( G \) be government expenditure, and \( M_s \) be money supply. Consider the following closed economy IS-LM equations with a fixed general price level (\( \bar{P} \)):
IS equation: \[ Y = 490 + 0.6Y - 4r + G \] LM equation: \[ \frac{M_s}{\bar{P}} = 20 + 0.25Y - 10r \] If \( G = 330 \) and \( \frac{M_s}{\bar{P}} = 500 \), then the equilibrium \( Y \) is ________ (round off to one decimal place).- Consider a two-person exchange economy where two goods, \( x \) and \( y \), are available in limited quantities of 50 and 100, respectively. The preferences of the two persons, Anil and Binod, are given by the utility functions: \[ U_{{Anil}}(x_{{Anil}}, y_{{Anil}}) = x_{{Anil}}^{0.4} y_{{Anil}}^{0.6} \] \[ U_{{Binod}}(x_{{Binod}}, y_{{Binod}}) = x_{{Binod}}^{0.6} y_{{Binod}}^{0.4} \] If they decide to share good \( y \) equally among themselves, the amount of good \( x \) Anil receives is ______________ (in integer).
- Which of the following statements is/are NOT CORRECT?
Questions Asked in ICAR AIEEA exam
Given below are two statements:
Statement (I): Voltinism in insects is number of generations produced in a year.
Statement (II): Morus alba is a perennial tree in northern India.
Choose the most appropriate answer from the options given below:- ICAR AIEEA (PG) - 2024
- General Knowledge Based
Given below are two statements:
Statement (I): Tukra disease in mulberry is caused by whitefly.
Statement (II): Shellac is a resin secreted by female lac insect on host plant.
Choose the most appropriate answer from the options given below:- ICAR AIEEA (PG) - 2024
- Insect Ecology
Given below are two statements:
Statement (I): Butterflies with erratic darting flights belong to family Hesperiidae.
Statement (II): Larvae with tapering at both ends without dorsal setae.- ICAR AIEEA (PG) - 2024
- Insect Ecology
Given below are two statements:
Statement (I): Bean yellow mosaic virus is transmitted by Aphis glycines.
Statement (II): Chilli mosaic virus is transmitted by Aphis craccivora.- ICAR AIEEA (PG) - 2024
- Mycology & Plant Pathology
Given below are two statements:
Statement (I): Virus transmission by whitefly is persistent and circulative type.
Statement (II): Virus transmission by hoppers is circulative and usually propagative type.- ICAR AIEEA (PG) - 2024
- Mycology & Plant Pathology
