EC 4952 – AGRICULTURAL ECONOMICS

(Also equivalent to EC 4950)

Date & Time : 27-04-2006/9.00-12.00 Dept. No. Max. : 100 Marks

PART – A

Answer any FIVE questions in about 75 words each. (5 ´ 4 = 20 Marks)

Define package program. What is multiple cropping?
Mention the various problems of agriculture before independence of India.
Define marketable surplus. What are the factors determining marketable surplus?
Justify agriculture taxation in India.
Mention the importance of farm size and productivity.
Distinguish between ‘support price’, ‘issue price’ and ‘procurement price’.
Mention the reasons for the failure of Second and Third five-year plans in India.

PART – B

Answer any FOUR questions in about 250 words each. (4 ´ 10 = 40 Marks)

Mention the applicability of supply and demand theory in agriculture.
Discuss the importance of Law of returns and explain the law of variable proportion and its importance in agriculture sector.
Critically examine the working of banking and non-banking financial institutions.
Make out a brief resume of food subsidies and food security in India.
State the important role played by agriculture sector for the development of Indian economy.
Define agriculture marketing. What are the defects of agriculture marketing? How will you rectify the same?
Evaluate the performance of Seventh and Eighth five-year plan for the development of agriculture sector in India.

PART – C

Answer any TWO questions in about 900 words each. (2 ´ 20 = 40 Marks)

Critically examine the progress of Green revolution in India.
Examine the performance of Ninth and Tenth five-year plans for the development of agriculture in India.
Discuss the success and failures of land reform policies in India. Mention the future plan of government of India.
Differentiate Cobb-Douglas production function with Homogeneous production function and mention the same in agriculture sector. How does Rajkrishna model of production function is superior than Nerlovian model.