Agricultural Economics MCQs

Option A: Pakistan Association of Research Centers

Option B: Pakistan Agricultural Research Council

Option C: Pakistan Academy of Resource Conservation

Option D: Pakistan Alliance for Rural Communities

Correct Answer: Pakistan Agricultural Research Council ✔

Option A: National Association of Research Centers

Option B: National Agricultural Research Centre

Option C: National Academy of Resource Conservation

Option D: National Alliance for Rural Communities

Correct Answer: National Agricultural Research Centre ✔

Option A: 20.9

Option B: 21.5

Option C: 19.8

Option D: 18.5

Correct Answer: 18.5 ✔

Option A: Human development index

Option B: Human poverty index

Option C: Headcount index

Option D: None

Correct Answer: Human poverty index ✔

Option A: Main currency

Option B: Hard currency

Option C: Stable currency

Option D: None

Correct Answer: Hard currency ✔

Option A: Elasticity of demand

Option B: Import substitution

Option C: Income elasticity of demand

Option D: None

Correct Answer: Elasticity of demand ✔

Option A: Income effect

Option B: Substitution effect

Option C: Labour effect

Option D: All

Correct Answer: Labour effect ✔

Option A: Interest

Option B: Loan

Option C: Interest rated

Option D: None

Correct Answer: Interest ✔

Option A: Formal sector

Option B: Informal sector

Option C: Formal finance

Option D: Informal finance

Correct Answer: Informal sector ✔

Option A: Dual price system

Option B: Floor pricing

Option C: Ceiling pricing

Option D: None

Correct Answer: Dual price system ✔

Option A: Oligopoly

Option B: Monopoly

Option C: Perfect competition

Option D: None

Correct Answer: Perfect competition ✔

Option A: Fiscal policy

Option B: Economic policy

Option C: Monitory policy

Option D: None

Correct Answer: None ✔

Option A: Development

Option B: Economic growth

Option C: Economic integration

Option D: All

Correct Answer: Economic integration ✔

Option A: Saving

Option B: Disposable income

Option C: Net income

Option D: All

Correct Answer: Disposable income ✔

Option A: Randomization

Option B: Globalization

Option C: Economic integration

Option D: None

Correct Answer: Globalization ✔

Option A: Financial intermediary

Option B: IMF

Option C: Both

Option D: None

Correct Answer: Both ✔

Option A: Debt repudiation

Option B: Debt renegotiation

Option C: Debt service

Option D: Debt rescheduling

Correct Answer: Debt repudiation ✔

Option A: Debtor’s cartel

Option B: Economic union

Option C: Debtor’s commune

Option D: None

Correct Answer: Economic union ✔

Option A: Disguised underemployment

Option B: Underemployment

Option C: Closed underemployment

Option D: None

Correct Answer: Underemployment ✔

Option A: Econometrics

Option B: Development economics

Option C: Development plan

Option D: All

Correct Answer: Development economics ✔

Option A: Centralized plan

Option B: Comprehensive plan

Option C: Commune

Option D: None

Correct Answer: Comprehensive plan ✔

Option A: Oligopoly

Option B: Monopoly

Option C: collusion

Option D: All

Correct Answer: Oligopoly ✔

Option A: Let it be

Option B: All else being equal

Option C: Same as given before

Option D: None

Correct Answer: All else being equal ✔

Option A: Consumption economics

Option B: Consumption function

Option C: Consumption surplus

Option D: Consumer demand

Correct Answer: Consumption surplus ✔

Option A: Producer surplus

Option B: Consumer surplus

Option C: Marginal utility

Option D: Demand surplus

Correct Answer: Producer surplus ✔

Option A: Capital input ratio

Option B: Capital output ratio

Option C: Capital intensive ratio

Option D: None

Correct Answer: Capital input ratio ✔

Option A: Dumping

Option B: Anti dumping

Option C: Capital flight

Option D: Brain

Correct Answer: Capital flight ✔

Option A: Central Bank

Option B: State Bank

Option C: Both

Option D: None

Correct Answer: State Bank ✔

Option A: Capital accumulation

Option B: Capital dumping

Option C: Capital stock

Option D: None

Correct Answer: Capital accumulation ✔

Option A: Capital flight

Option B: Immigration

Option C: Brain Drain

Option D: All

Correct Answer: Brain Drain ✔

Option A: Basic needs

Option B: Poverty line

Option C: Gini co-efficient

Option D: None

Correct Answer: Basic needs ✔

Option A: Balance of payments

Option B: Trade off

Option C: Both a and b

Option D: None

Correct Answer: Balance of payments ✔

Option A: Autarchy

Option B: Hierarchically

Option C: Amortization

Option D: AID

Correct Answer: Amortization ✔

Option A: Formal growth model

Option B: Functional growth model

Option C: Aggregate growth model

Option D: None

Correct Answer: Aggregate growth model ✔

Option A: Subsistence income

Option B: Poverty gap

Option C: Absolutely poverty

Option D: None

Correct Answer: Poverty gap ✔

Option A: Gini co-efficient

Option B: Rostow’s model

Option C: Lewis theory

Option D: None

Correct Answer: Gini co-efficient ✔

Option A: Rostow growth stages

Option B: Keynesian development theory

Option C: Harod-Domar growth model

Option D: None

Correct Answer: Harod-Domar growth model ✔

Option A: Crude mortality rate

Option B: Death rates

Option C: Both

Option D: None

Correct Answer: Death rates ✔

Option A: Human resources

Option B: Physical resources

Option C: Capital resources

Option D: None

Correct Answer: Human resources ✔

Option A: Physical resources

Option B: Human resources

Option C: Both a and b

Option D: None of these

Correct Answer: Both a and b ✔

Option A: 20-40%

Option B: 8-15%

Option C: 35-45%

Option D: 40-60%

Correct Answer: 8-15% ✔

Option A: Unemployment

Option B: Open unemployment

Option C: Under employment

Option D: Disguised employment

Correct Answer: Open unemployment ✔

Option A: 60 %

Option B: 90 %

Option C: 57 %

Option D: 82 %

Correct Answer: 82 % ✔

Option A: 74 %

Option B: 80 %

Option C: 67 %

Option D: none

Correct Answer: 74 % ✔

Option A: 20 %

Option B: 35 %

Option C: 50 %

Option D: 14 %

Correct Answer: 14 % ✔

Option A: 42 %

Option B: 27 %

Option C: 50 %

Option D: 35 %

Correct Answer: 27 % ✔

Option A: 40 %

Option B: 50 %

Option C: 80 %

Option D: None

Correct Answer: 40 % ✔

Option A: 60 %

Option B: 90 %

Option C: 50 %

Option D: 70 %

Correct Answer: 90 % ✔

Option A: Society wastes

Option B: Society burden

Option C: Economic dependency burden

Option D: None of these

Correct Answer: Economic dependency burden ✔

Option A: Sustenance

Option B: Self esteem

Option C: Freedom

Option D: All

Correct Answer: All ✔

Option A: W. Arthur Lewis

Option B: Theodore Schultz

Option C: Both a and b

Option D: None

Correct Answer: Both a and b ✔

Option A: Development economics

Option B: Traditional economics

Option C: Political economics

Option D: None of these

Correct Answer: Political economics ✔

Option A: Producer surplus

Option B: Scarcity rent

Option C: Both

Option D: None

Correct Answer: Both ✔

Option A: Business cycle

Option B: Cyclic flow

Option C: Both

Option D: None

Correct Answer: Business cycle ✔

Option A: Exchange rate appreciation

Option B: Exchange rate depreciation

Option C: Exchange rate determinant

Option D: None of these

Correct Answer: None of these ✔

Option A: Implicit cost

Option B: Explicit cost

Option C: Economic cost

Option D: Nominal cost

Correct Answer: Implicit cost ✔

Option A: Fixed resource

Option B: Variable resource

Option C: Available resource

Option D: Economic resource

Correct Answer: Fixed resource ✔

Option A: Underemployment

Option B: Frictional employment

Option C: Temporary unemployment

Option D: None of these

Correct Answer: Frictional employment ✔

Option A: Plant

Option B: Industry

Option C: Company

Option D: Organization

Correct Answer: Industry ✔

Option A: Lockout

Option B: Logrolling

Option C: Liability

Option D: None

Correct Answer: Liability ✔

Option A: Fixed tax

Option B: Surcharge

Option C: Lump sum tax

Option D: None

Correct Answer: Lump sum tax ✔

Option A: State bank

Option B: Commercial bank

Option C: World bank

Option D: None

Correct Answer: Commercial bank ✔

Option A: Income schedule

Option B: Saving schedule

Option C: Consumption schedule

Option D: None

Correct Answer: Consumption schedule ✔

Option A: Annual deficit

Option B: Cyclical deficit

Option C: Anticipated deficit

Option D: None

Correct Answer: Cyclical deficit ✔

Option A: Labour union

Option B: Craft union

Option C: Credit union

Option D: None

Correct Answer: Credit union ✔

Option A: Debit

Option B: Credit

Option C: Depreciation

Option D: None

Correct Answer: Debit ✔

Option A: Economic efficiency

Option B: Productive efficiency

Option C: Allocative efficiency

Option D: All

Correct Answer: All ✔

Option A: Economic principle

Option B: Economic policy

Option C: Economic phenomena

Option D: Economic rationale

Correct Answer: Economic policy ✔

Option A: Increasing cost industry

Option B: Decreasing cost industry

Option C: Declining industry

Option D: None of these

Correct Answer: Declining industry ✔

Option A: Discrimination

Option B: Direct foreign investment

Option C: Profit maximization rule

Option D: Economies of scale

Correct Answer: Direct foreign investment ✔

Option A: Dearness

Option B: Deflation

Option C: Stagflation

Option D: Unanticipated

Correct Answer: Unanticipated ✔

Option A: Law of diminishing return

Option B: Say’ law

Option C: Law of diminishing marginal utility

Option D: Say’ law

Correct Answer: Law of diminishing return ✔

Option A: Total revenue

Option B: Nominal profit

Option C: Both

Option D: None

Correct Answer: Total revenue ✔

Option A: Subsidy

Option B: Tax

Option C: lump-sum-tax

Option D: None

Correct Answer: Subsidy ✔

Option A: Stock

Option B: Corporation

Option C: Both

Option D: None

Correct Answer: Both ✔

Option A: Specialization

Option B: speculation

Option C: Fly over

Option D: Capital flight

Correct Answer: Specialization ✔

Option A: Saving deposit

Option B: Fixed deposit

Option C: Capital deposit

Option D: None

Correct Answer: Saving deposit ✔

Option A: Pure rate of interest

Option B: Economic rate of interest

Option C: Nominal rate of interest

Option D: None

Correct Answer: Pure rate of interest ✔

Option A: Public service

Option B: Public good

Option C: Public finance

Option D: Public debt

Correct Answer: Public good ✔

Option A: Capital and laborers

Option B: Competition

Option C: Market and prices

Option D: All

Correct Answer: Market and prices ✔

Option A: Market equilibrium

Option B: Market demand

Option C: Market condition

Option D: None

Correct Answer: Market equilibrium ✔

Option A: Resource price

Option B: Techniques of production

Option C: Taxes a subsidies

Option D: All

Correct Answer: All ✔

Option A: Say’s law

Option B: Keynes theory of supply

Option C: Law of supply

Option D: None

Correct Answer: Law of supply ✔

Option A: Consumer tastes

Option B: Number of buyers in market

Option C: Incomes

Option D: All of these

Correct Answer: All of these ✔

Option A: Perfect competition

Option B: Imperfect competition

Option C: Pure competition

Option D: None

Correct Answer: Imperfect competition ✔

Option A: Human deprivation index

Option B: Human poverty index

Option C: Human development index

Option D: None

Correct Answer: Human deprivation index ✔

Option A: Fixed capital

Option B: Human capital

Option C: Both A and B

Option D: non of these

Correct Answer: Human capital ✔

Option A: Extra income

Option B: Income in kind

Option C: Fixed income

Option D: None

Correct Answer: Fixed income ✔

Option A: Import substitution

Option B: Export substitution

Option C: Autarchy

Option D: Industrialization

Correct Answer: Import substitution ✔

Option A: Rate or returns

Option B: External rate or returns

Option C: Internal rate or returns

Option D: None

Correct Answer: Internal rate or returns ✔

Option A: Interest

Option B: Loan

Option C: Both

Option D: None

Correct Answer: Loan ✔

Option A: Formal finance

Option B: Informal finance

Option C: Med term loans

Option D: Long term loans

Correct Answer: Med term loans ✔

Option A: Money supply

Option B: Money lender

Option C: National income

Option D: None

Correct Answer: National income ✔

Option A: Merchandise trade balance

Option B: International trade laws

Option C: Trade barriers

Option D: Merchandise imports and exports

Correct Answer: International trade laws ✔

Option A: Economic inefficient

Option B: Economic integration

Option C: Economic constraint

Option D: None

Correct Answer: Economic inefficient ✔

Option A: IIIiteracy rate

Option B: Dropout rate

Option C: Children un education rate

Option D: All

Correct Answer: Dropout rate ✔

Option A: Govt. failure

Option B: Market perfection

Option C: Govt. inefficiency

Option D: None

Correct Answer: Govt. inefficiency ✔

Option A: Global environment facility

Option B: Global commons

Option C: Global reserves

Option D: None

Correct Answer: Global environment facility ✔

Option A: Crude birth rate

Option B: Birth rate

Option C: Fertility rate

Option D: Expectancy rate

Correct Answer: Crude birth rate ✔

Option A: Depreciation

Option B: Downsizing

Option C: Rightsizing

Option D: All

Correct Answer: Rightsizing ✔