CA Foundation · Business Economics · Indian Economy
A farmer in Punjab grows wheat on 5 hectares and obtains a yield of 4.8 tonnes per hectare. The government procures all of it at an MSP of ₹2,200 per quintal (1 tonne = 10 quintals). What is the farmer's total sale revenue?
The farmer's revenue is ₹5,28,000. Output is 5 hectares × 4.8 tonnes, or 24 tonnes, which equals 240 quintals; multiplying by the MSP of ₹2,200 per quintal gives ₹5,28,000.
- A₹5,28,000Correct
- B₹52,80,000
- C₹10,56,000
- D₹2,64,000
Explanation
Total output = 5 × 4.8 = 24 tonnes = 240 quintals. Revenue = 240 × 2,200 = ₹5,28,000. Check: 4.8 tonnes = 48 quintals per hectare × 2,200 = ₹1,05,600 per hectare, × 5 = ₹5,28,000. The ₹52,80,000 option wrongly treats 1 tonne as 100 quintals.
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