Question : The food stocks that are built up during the years of bumper harvest are called:
Option 1: capital stock
Option 2: buffer stock
Option 3: production stock
Option 4: grain stock
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Correct Answer: buffer stock
Solution : The correct option is buffer stock.
Buffer stocks refer to reserves of essential commodities, like food, that are maintained by governments or international organisations. These stocks act as a cushion against sudden fluctuations in supply or demand, helping stabilise prices and supplies. They play a crucial role in ensuring food security and stabilising agricultural markets. Buffer stocks can be released during times of scarcity to prevent extreme price spikes and can also be used in emergencies to ensure an adequate supply of essential goods.
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Question : Goods which are of durable character which are used in the production process are called_______.
Option 1: capital goods
Option 2: veblen goods
Option 3: consumption goods
Option 4: complementary goods
Question : Directions: Which one of the given responses is the meaningful order of the following? 1. Farmer 2. Seed 3. Food 4. Cultivation
Option 1: 1, 2, 4, 3
Option 2: 2, 1, 3, 4
Option 3: 4, 2, 3, 1
Option 4: 3, 1, 4, 2
Question : Those organisms which consume food synthesised by plants are called ___________.
Option 1: phototrophic
Option 2: heterotrophic
Option 3: self-sufficient
Option 4: saprophyte
Question : Tusu is a harvest festival celebrated in Jharkhand during the winter on the last day of the month _____.
Option 1: Phalguna
Option 2: Chaitra
Option 3: Magha
Option 4: Poush
Question : The minimum payment to a factor of production is called:
Option 1: quasi-rent
Option 2: rent
Option 3: wages
Option 4: transfer payment
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