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MCQs

Total Questions : 105 | Page 6 of 11 pages
Question 51. The pasteurized Milk Ordinance regulates what?
  1.    Grade A milk
  2.    Manufacturing grade milk
  3.    Grade B milk
  4.    Grade C milk
 Discuss Question
Answer: Option A. -> Grade A milk
Answer: (a).Grade A milk
Question 52. What marketing tool would be used in the futures market by someone who owns a commodity such as milk and intends to sell it sometime in the future?
  1.    Basis contract
  2.    Pooling contract
  3.    Short Hedge
  4.    Speculating buyer
 Discuss Question
Answer: Option C. -> Short Hedge
Answer: (c).Short Hedge
Question 53. The cheese price series is based on 63 U.S. cheese plants that make 80-85 percent of the bulk Cheddar. What is the price series called?
  1.    NASS Cheese Price Survey
  2.    NASS Cheddar Cheese Price Survey
  3.    NASS Swiss cheese Price Survey
  4.    U.S. Cheddar Cheese Price Survey
 Discuss Question
Answer: Option B. -> NASS Cheddar Cheese Price Survey
Answer: (b).NASS Cheddar Cheese Price Survey
Question 54. Dairy farmers can buy and sell dairy futures on what exchange?
  1.    New York Stock Exchange
  2.    National Dairy Exchange
  3.    Coffee, Sugar, Coca Exchange
  4.    Chicago Mercantile Exchange
 Discuss Question
Answer: Option D. -> Chicago Mercantile Exchange
Answer: (d).Chicago Mercantile Exchange
Question 55. According to the Food & Nutrition Board of the National Academy of Sciences, all people need at least _________ milligrams of calcium per day.
  1.    100
  2.    1000
  3.    10,000
  4.    100,000
 Discuss Question
Answer: Option B. -> 1000
Answer: (b).1000
Question 56. Farm water supplies must be protected from surface contamination. Water is usually tested for __________ as an indicator of possible sewage contamination.
  1.    Proteolytic bacteria
  2.    Lipolytic bacteria
  3.    Coliform bacteria
  4.    Psychotropic bacteria
 Discuss Question
Answer: Option C. -> Coliform bacteria
Answer: (c).Coliform bacteria
Question 57. USDA reports net prices received by dairy farmers for milk, usually the prices are published on a map to show regional differences. The prices are referred to as _______________
  1.    Blend prices
  2.    Regional prices
  3.    Mailbox prices
  4.    BFP prices
 Discuss Question
Answer: Option C. -> Mailbox prices
Answer: (c).Mailbox prices
Question 58. Specific gravity of milk at 60°F is __________
  1.    1.022
  2.    1.032
  3.    1.033
  4.    1.042
 Discuss Question
Answer: Option B. -> 1.032
Answer: (b).1.032
Question 59. The International Dairy Federations (IDF) mission is to promote ______________
  1.    Scientific, cultural & economic progress
  2.    Agricultural, technical & economic progress
  3.    Technical, scientific & industrial progress
  4.    Scientific, technical & economic progress
 Discuss Question
Answer: Option D. -> Scientific, technical & economic progress
Answer: (d).Scientific, technical & economic progress
Question 60. The “set aside” of $0.15 per hundred pounds of milk from a milk producer’s check is used in programs that support ______
  1.    Promotions & research
  2.    Research & testing
  3.    Teaching & promotion
  4.    Promotion & teaching
 Discuss Question
Answer: Option D. -> Promotion & teaching
Answer: (d).Promotion & teaching

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