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Fundamentals of Rural Development Practice Test: Agriculture Enterprise and Agro Based Industries
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Fundamentals of Rural Development Practice Test: Agriculture Enterprise and Agro Based Industries
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25 Questions

1. Rapid growth of agriculture is necessary for ________ of the country and also for meeting the food and nutritional security of the people.
2. For items purchased for resale you must have a record of the purchase cost for tax purposes.
3. Agripreneurs can bring about ________ of income and wealth in rural areas, reduce poverty and improve the quality of life.
4. ________ is a self-motivated business manager who performs various agri-based activities.
5. Depreciation is the amount of value subtracted from a capital asset annually due to another year of use and age.
6. Which of the following business types allows the most liability protection for the owners?
7. There are mainly ___ factors which impact agricultural entrepreneur.
8. Which county produces the most poultry products in West Virginia?
9. Innovative practices in agriculture, with a focus on cost reduction and profitable opportunities can result in increase in _____ in rural areas and to their overall ______.
10. Inventory values for December 31 of a given year should become the beginning values for the following year on January 1.
11. Solvency of a business can be determined by evaluating the:
12. Which of the following is the equation for determining net worth?
13. Cattle futures are publicly traded on the:
14. ______ is one of the factor influencing Agricultural Entrepreneurship.
15. _______ enterprises refer to business units which are engaged in farming and farming related commercial activities.
16. Land is considered to be a:
17. Money that you owe for operating expenses is known as accounts receivable.
18. _______ Entrepreneurship is predominantly related to the marketing and production of various agriculture products.
19. Agriculture provides employment to more than ___% of Indian's workforce.
20. Innovation practices resulting in growth in economic growth sector will result in _______ GDP for the country.
21. ______ refers to the willingness of farmers to innovate to revitalize market offerings.
22. ______ is the co-ordinated science of supplying agricultural production inputs, and subsequently producing, processing and distribution of food and fiber.
23. India has been exporting _______ goods to the world.
24. Agribusiness deal with aspects such as production, processing and _______ , which are required to send an agricultural good to market.
25. India is today demanding _______ which have health benefits.

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