QUIZ -1 FOR ICAR MBA (ABM)

1. Which one is true when a firm integrates with other firms performing
similar marketing
functions
a) Horizontal integration b) Vertical integration
c) Marketing Union d) Expansion of marketing
activities
2. The symbol used for a graded agricultural produce is
a) Trade mark b) ISI Mark c) ECO mark
d) AGMARK
3. The first regulated market in India was established at
a) Ahmedabad Cotton market b) Nasik Cotton market
c) Kolkatta Jute market d) Karanjea Cotton
Market
4. Regular upswing and downswings occurring in the prices during a year are called
a) Seasonal variations b) Cyclical variations c) Irregular variations d) None
of these
5. Terminal markets facilitates
a) Forward trading b) Assembling for export
c) Commodity exchanges d) All of these
6. High degree of market power concentration is characterized by
a) Existence of large no. of firms in the market b) Existence of very few
firms in the market
c) Restricted movement of goods d) Both b &
c
8. The Central Agmark laboratory for grading of agril. commodities is located at
a) New Delhi b) Nagpur c) Mumbai d) None
of these
9. Difference in price between markets between time periods and for different forms
of a product
is mainly due to
a) Transportation b) Storage c) Processing
d) All of these
10.Market structure is generally indicated by
a) Market design b) No. of firms in the market c) No. of market
functionaries d) All of these
11. The price for highly perishable commodities in the very short period is guided by
a) Demand condition b) Supply condition c) Both demand & supply d) None
of these
12.Marketed surplus is nearly 100 per cent in case of
a) Milk b) Jowar c) Cotton
d) Bajra
13. In a regulated market which one of the following is not regulated
 a) Method of sale b) Market charges c) Price d)
None of these
14. Warehouses are constructed with an objective to meet
a) Scientific storage requirements b) Market intelligence c) Stabilize
prices d) All of these
15. In a terminal market the commodity assembled is finally disposed off to
a) Export b) Consumers c) Processors d) All of
these
16. The Commission for Agricultural Costs and Prices was originally established as
a) Agricultural Price Commission b) Agricultural Cost
Commission
c) Commission for Agricultural Prices d) None of these
17. The extent of variation in agricultural product prices is influenced by
a) Quality differences b) Perishability nature
c) Seasonality in consumption & inelastic demand d) All of these
18. Pricing efficiency in the market is affected by
a) Nature of market competition b) Access to information c) Firms
responses d) All of these

19. The Central Warehousing Corporation was established in

a) 1955 b) 1956 c) 1957 d) 1965
20. In the regulated market, the sale of agricultural produce is undertaken either by
a) Close tender method b) Private negotiation
c) Moghum sale method d) None of these

21. Name the market in which permanent or durable commodities are traded
a) Secular market b) Bullion market
b) Short and long period markets d) Money market

22. Suppose an agribusiness firm undertakes purchasing, wholesaling, transporting,

processing &
retailing activities and also that the firm expands its retailing network with other
firms in different
locations. Then, which of the following is true of this firm?
a). Firm is horizontally integrated b). Firm is
vertically integrated
c). Both horizontal & vertical integration d). None of these

23. What the “NAFED” stands for

a) National Federation for Export Development
b) National Federation for Development
c) National Agricultural Federation and
Development
 d) National Agricultural Cooperative Marketing
Federation

24 The Birth place of Cooperative Movement is

a) Germany b) Italy
c) France d) England

25. Who among the following is authorised to fix quality standards for agricultural
products
a) Agriculture Marketing Adviser b) State commodity boards
c) CACP d) None of these

26. Fluctuation in agricultural commodity prices is mainly due to

a) High fertilizer cost b) Shortage and Surplus
c) Market imperfections d) High transportation cost
27. Standardization on an organized basis started in India with the establishment of
a) India Standards Institution b) India Institute of Management
c) India Statistical Institute d) None of these