Agricultural Marketing & Agri-Business :: Agri Business Quiz

Explore the fundamentals of agribusiness, its scope in India, key sectors, and supporting services driving agricultural marketing and enterprise growth.

1. Origin of the Term Agribusiness

   Who first used the term 'agribusiness' and in which year was it introduced?

   1. John H. Davis, 1980
   2. John H. Davis, 1955
   3. FAO, 1955
   4. Harvard University, 1980

   Explanation: John H. Davis of Harvard University first used the term 'agribusiness' in 1955. The other options either mention incorrect years, such as 1980, or organizations like FAO or Harvard University without specifying Davis, making them inaccurate.

2. Current Definition of Agribusiness

   Which description best defines the current concept of agribusiness?

   1. Mainly the sale of farm equipment
   2. A term limited to agricultural economics studies
   3. All business enterprises selling to farmers, traders, or consumers involving agricultural goods or services
   4. Only the process of growing crops and livestock on farms

   Explanation: Agribusiness now includes all businesses selling to or buying from farmers, traders, or consumers and covers products, inputs, and services. The other options are too narrow, limiting agribusiness to farming, economics studies, or a specific product type.

3. Scope for Agribusiness in India

   Which factor BEST highlights India's scope for expanding agribusiness?

   1. Limited access to water for fisheries
   2. Declining interest in agricultural exports
   3. Exclusive focus on wheat and rice farming
   4. Varied agro-climatic conditions favoring diverse crop production

   Explanation: India's varied agro-climate supports a wide range of crops, enhancing agribusiness opportunities. Focusing only on wheat and rice overlooks diversity, declining exports is incorrect given India's export focus, and access to water for fisheries is described as vast, not limited.

4. Categories of Small Scale Businesses

   Which of these is NOT classified as a common type of small business in the agribusiness context?

   1. Distribution
   2. Production
   3. Space Tourism
   4. Personal services

   Explanation: Production, distribution, and personal services are listed small business categories relevant to agribusiness. Space tourism is unrelated to agricultural marketing or agri-business and does not appear in the provided classification.

5. Examples of Facilitative Services in Agribusiness

   Which of the following is considered a facilitative service in agribusiness?

   1. Raising livestock
   2. Fish farming
   3. Seed production
   4. Credit

   Explanation: Credit is a facilitative service supporting other agribusiness activities. Raising livestock, seed production, and fish farming are examples of production or core business operations rather than facilitative services.