State agricultural university MBA (ABM) admission · India · State agricultural universities via ICAR AIEEA-PG Group 19
Original practice questions written to the published syllabus · not past papersHow food reaches consumers through retail: the market, the value chain, merchandising, store operations, finance and formats.
In the exams: Not an explicit unit in the catalogued exams; programme course
How our questions for State agricultural university MBA admission spread across the units of Food Retail & Agri-food Retail Management. Difficulty: 24 easy, 7 medium, 0 hard.
| Food retail in emerging and developed markets | 11 | |
| Merchandise management | 6 | |
| The international food market | 5 | |
| Retail selling | 3 | |
| The retail value chain | 2 | |
| Retail formats | 2 | |
| Retail operations | 2 |
Choose an answer, then open the working. Each explanation says why the right answer is right and why the others are not.
Bennett's law describes which change in diets as incomes rise?
C. Staples' share of calories falls as meat, dairy, fruit and vegetables gain share
Bennett's law is about diet composition: as income rises the share of calories from cheap starchy staples falls and consumption of animal products, fruit, vegetables and oils rises. The budget-share statement is Engel's law, a different law.
A household spends 40 percent of its income on food. Its income rises by 10 percent and its income elasticity of demand for food is 0.5. Using the approximation that food spending rises by elasticity x income growth, what is the new food share?
D. 38.18 percent
Food spending rises by 0.5 x 10% = 5%, so new share = 0.4 x 1.05 / 1.10 = 38.18%. 42.00% forgets that income itself rose; 40% assumes the share cannot change; 44% treats food as having elasticity above one. The fall in share is Engel's law.
In ABC analysis of a store's SKUs, the 'A' items are:
C. the few SKUs giving most sales or margin
ABC analysis ranks SKUs by contribution; A items are few but important, C items are many but contribute little, often summarised as a Pareto (roughly 80/20) pattern, though the exact split varies.
A product has a markup of 25 percent on retail price. What is its markup expressed on cost?
D. 33.3 percent
Markup on cost = markup on retail / (1 - markup on retail) = 0.25/0.75 = 33.3%. Check: cost 75, price 100, markup 25; 25/75 = 33.3%. 20% applies the conversion in the wrong direction; 75% is the cost as a share of price.
Which store layout, with long parallel aisles, is standard in supermarkets because it is efficient for planned shopping and replenishment?
B. Grid layout
The grid suits supermarkets. The racetrack or loop leads shoppers around a main path and is common in hypermarkets and department stores; free-form and boutique layouts suit browsing in speciality stores.
Which feature helps kirana stores in India survive competition from supermarkets?
A. Proximity, home delivery and credit
Kirana strengths are service-based: nearness, long hours, delivery, small and loose quantities, credit and personal relationships. No general law gives them exclusive sales rights or a sales subsidy. Selling small loose quantities and giving credit to known customers are part of the same service advantage.
Under India's consolidated FDI policy, foreign investment in single-brand product retail trading is permitted:
C. up to 100 percent through the automatic route, subject to sourcing conditions
Single-brand retail has been allowed up to 100% under the automatic route since 2018, with conditions including local sourcing norms for higher foreign shares. The 51%-with-approval rule applies to multi-brand retail. Check the current DPIIT policy before relying on any figure.
Further reading: DPIIT Consolidated FDI Policy
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