Livestock Production Management Quiz 27 Quiz InstructionsThis quiz consists of 20 multiple-choice questions.You will be awarded 5 marks for each correct answer. Question 1: Which economic principle reflects least cost ration combination?Principle of diminishing returnResource substitutionOpportunity costsAll of the above Question 2: Which economic principle can evaluate thae best combination of enterprise?Principle of diminishing returnPrinciple of substitutionOpportunity costs principleAll of the above Question 3: Which of the following economic principle is useful for deciding the level of capital investment on dairy, poultry or piggery production?Principle of diminishing returnPrinciple of substitutionOpportunity costs principleAll of the above Question 4: Which enterprise completes mutually for the use of resources (land, labour, capital etc.)?Competitive enterpriseSupplementary enterpriseComplementary enterpriseAll of the above Question 5: Which of the following enterprise is associated with rearing of cattle and buffalo together?Competitive enterpriseSupplementary enterpriseComplementary enterpriseAll of the above Question 6: Combination of Mitch cows or buffaloes (or livestock) with crop production is an example of which of the following enterprise?CompetitiveSupplementaryComplementaryAll of the above Question 7: Leguminous and cereal fodder cropping is an example of which of th following enterprise?CompetitiveSupplementaryComplementaryAll of the above Question 8: Which type of costremains constant for all level of production?Fixed costVariable costOpportunity costAll of the above Question 9: Which type of cost varies with level of production?Fixed costVariable costOpportunity costsAll of the above Question 10: Which cost comprises fixed investment interest on fixed investment, depreciation cost, insurance charges, permanent labour cost and taxes?Fixed costVariable costOpportunity costNone of the above Question 11: Which cost comprises feed/fodder cost, Veterinary expenses, casual labour wages, repair and maintenance of building/equipment and interest on working capital?Fixed costVariable costOpportunity costNone of the above Question 12: Which of the following indicates charge in cost associated with a unit increase or decrease of milk yield (additional output)mFixed costVariable costMarginal costTotal cost Question 13: Which of the following indicates marginal cost?Total fixed cost /Quality of milk produced i.e TFC/YTotal variable cost/Quantity milk produced i.e TVC/YTotal costs/Quality of milk produced i.e. TC/YChange in total cost/unit change of milk produced i.e. ∆TC/∆Y Question 14: Which of the following cost principle comprises wages of family labour?Fixed costvariable costOpportunity costNone of the above Question 15: Wage rate of which labour is used for estimation of family labour?Permanent labourCasual labourBoth A and BNone of the above Question 16: Which of th following indicates fixed labpu?Family labourFamily and permanent labourFamily, permanent and casual labourNone of the above Question 17: What is the age or lactation number up to which the value of dairy animal is appreciated?5 years or 2nd lactation5 years or 3rd lactation5 years or 5th lactationNone of the above Question 18: What is the annual depreciation cost of dairy animals for 4th or 5th lactation and beyond 5th lactation?5 and 10%10 and 15%10 and 20%5 and 2% Question 19: What is the annual depreciation cost or pucca (permanent) and kuchha (temporary) Cattle shed?2 and 4%4 and 2%2 and 5%5 and 2% Question 20: Which of the following is the annual depreciation cost of equipments and machineries?5%10%15%5%
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