Law of Diminishing Returns

Q.

What is the law of return to a factor?

Q.

Explain the statement that green revolution enabled the government to procure sufficient food grains to build its stocks thatcould be used during times of shortage.

Q.

What are the 3 stages of returns?

Q. Law of Diminishing Returns is not relevant when ________________.

1. All labourers are equally efficient
2. The time period is short
3. All factory inputs are increased by the same proportion
4. Technology remains constant

Q. PPC is concave to origin because of _____________.

1. none of the above
2. constant opportunity cost
3. increasing opportunity cost
4. decreasing opportunity cost

Q. Which one of the following statements most appropriately describes the nature of the Green Revolution?

1. Intensive cultivation of Green vegetables
2. Intensive agricultural district programme
3. Seed - fertiliser - water technology
4. High-yielding varieties programme

Q. " National Food for Work" programme was launched in _________.

1. 2007
2. 2004
3. 2000
4. 1989