Agricultural Economics MCQs

Option A: Debt repudiation

Option B: Debt renegotiation

Option C: Debt transformation

Option D: All

Correct Answer: Debt repudiation ✔

Option A: Partial substitution

Option B: Currency substitution

Option C: Currency devaluation

Option D: None

Correct Answer: Partial substitution ✔

Option A: Marginal returns

Option B: Diminishing returns

Option C: Both

Option D: None

Correct Answer: Diminishing returns ✔

Option A: Growth

Option B: Economic growth

Option C: Development

Option D: All

Correct Answer: Economic growth ✔

Option A: Corporation

Option B: Commune

Option C: Society

Option D: All

Correct Answer: Corporation ✔

Option A: Clean technologies

Option B: Efficient technology

Option C: Productive technology

Option D: Innovative technology

Correct Answer: Efficient technology ✔

Option A: Stock exchange

Option B: Currency board

Option C: State Bank

Option D: Commercial Bank

Correct Answer: Stock exchange ✔

Option A: Ammunity

Option B: Commune

Option C: Consumption diseconomies

Option D: None of these

Correct Answer: Commune ✔

Option A: Capital saving technological process

Option B: Production intensive technique

Option C: Capital intensive technique

Option D: None

Correct Answer: Production intensive technique ✔

Option A: Capital intensive technique

Option B: Labour intensive technique

Option C: Both a and b

Option D: None of these

Correct Answer: Both a and b ✔

Option A: Circular flow model

Option B: Cognitive planning

Option C: Centralized planning

Option D: None

Correct Answer: Centralized planning ✔

Option A: Cartel

Option B: Capital account

Option C: Buffer stock

Option D: Capital account

Correct Answer: Cartel ✔

Option A: Black market

Option B: Buffer stocks

Option C: Capital stocks

Option D: Speculation

Correct Answer: Buffer stocks ✔

Option A: Economic development theory

Option B: Big Push theory of development

Option C: Rostow’s development plan

Option D: Harod Domes model

Correct Answer: Big Push theory of development ✔

Option A: Basic qualifications

Option B: Basic education

Option C: Primary education

Option D: All

Correct Answer: Basic education ✔

Option A: Amortization

Option B: Command economy

Option C: Autarchy

Option D: None

Correct Answer: Autarchy ✔

Option A: Agricultural sector

Option B: Rural sector

Option C: Farm economy

Option D: All

Correct Answer: Agricultural sector ✔

Option A: Aggregate demand

Option B: Total effective demand

Option C: Total expenditure

Option D: All

Correct Answer: All ✔

Option A: Relative poor

Option B: Real poverty

Option C: Absolute poor

Option D: None

Correct Answer: Absolute poor ✔

Option A: Arthur Lewis

Option B: Keyne’s

Option C: Carl Marx

Option D: Rostow

Correct Answer: Arthur Lewis ✔

Option A: Rostow

Option B: Harrod Dommer

Option C: Keynes

Option D: Theodore

Correct Answer: Rostow ✔

Option A: Infant mortality rate

Option B: Children mortality rate

Option C: Crude mortality rate

Option D: All

Correct Answer: Infant mortality rate ✔

Option A: Gulf oil states

Option B: United states America

Option C: USSR

Option D: South Africa

Correct Answer: Gulf oil states ✔

Option A: 10-20%

Option B: 5-7%

Option C: 30-35%

Option D: 35-40%

Correct Answer: 5-7% ✔

Option A: Under employment

Option B: Open employment

Option C: Partial employment

Option D: None

Correct Answer: Under employment ✔

Option A: 62 %

Option B: 35 %

Option C: 21 %

Option D: 16 %

Correct Answer: 21 % ✔

Option A: 464 %

Option B: 50 %

Option C: 36 %

Option D: 20 %

Correct Answer: 36 % ✔

Option A: 15 %

Option B: 13 %

Option C: 3 %

Option D: 21 %

Correct Answer: 3 % ✔

Option A: 5%

Option B: 10%

Option C: 15%

Option D: 2%

Correct Answer: 5% ✔

Option A: 65 %

Option B: 45 %

Option C: 75 %

Option D: None

Correct Answer: 65 % ✔

Option A: 60 %

Option B: 70 %

Option C: 66 %

Option D: 45%

Correct Answer: 66 % ✔

Option A: 65 % of the population

Option B: 55 % of the population

Option C: 35 % of the population

Option D: 45 % of the population

Correct Answer: 45 % of the population ✔

Option A: Live birth rate

Option B: Crude birth rate

Option C: Infant birth rate

Option D: All

Correct Answer: Crude birth rate ✔

Option A: Traditional economy

Option B: Political economy

Option C: Capitalistic economy

Option D: Open economy

Correct Answer: Traditional economy ✔

Option A: Tradititional economics

Option B: Development economics

Option C: Political economics

Option D: None

Correct Answer: Development economics ✔

Option A: Private foreign investment

Option B: Public investment

Option C: Both a and b

Option D: None of these

Correct Answer: Private foreign investment ✔

Option A: Publication

Option B: Downsizing

Option C: Privatization

Option D: All

Correct Answer: Privatization ✔

Option A: Indifference curve

Option B: Lorenz curve

Option C: Budget line

Option D: Say’s law

Correct Answer: Budget line ✔

Option A: Sales tax

Option B: Excise tax

Option C: Income tax

Option D: All

Correct Answer: Excise tax ✔

Option A: External debt

Option B: Internal debt

Option C: Loan

Option D: None

Correct Answer: External debt ✔

Option A: Large scale production

Option B: Full production

Option C: Fringe benefits

Option D: None

Correct Answer: Full production ✔

Option A: Free trade

Option B: Free economy

Option C: Trade union

Option D: None

Correct Answer: Free trade ✔

Option A: Inflation

Option B: Dearnen

Option C: Both

Option D: None

Correct Answer: Inflation ✔

Option A: Lorenz curve

Option B: Indifference curve

Option C: Income budget line

Option D: Investment damage curve

Correct Answer: Lorenz curve ✔

Option A: IMF

Option B: Islamic Bank

Option C: Commercial bank

Option D: None

Correct Answer: None ✔

Option A: Co-operative

Option B: Partnership

Option C: Corporation

Option D: None

Correct Answer: Corporation ✔

Option A: Current account

Option B: Fixed account

Option C: Saving account

Option D: Capital account

Correct Answer: Current account ✔

Option A: Under employment

Option B: Underdevelopment

Option C: Cyclical unemployment

Option D: None

Correct Answer: Cyclical unemployment ✔

Option A: Debit

Option B: Credit

Option C: Loan

Option D: None

Correct Answer: Credit ✔

Option A: Economic theory

Option B: Economic principle

Option C: Economic model

Option D: None

Correct Answer: Economic model ✔

Option A: Economic Bloc

Option B: Economic integration

Option C: Economic union

Option D: none

Correct Answer: Economic integration ✔

Option A: Declining industry

Option B: Decreasing cost industry

Option C: Both

Option D: None

Correct Answer: Decreasing cost industry ✔

Option A: Inflation

Option B: Devaluation

Option C: Cheapness

Option D: All

Correct Answer: Devaluation ✔

Option A: Demand pull inflation

Option B: Stagflation

Option C: Both

Option D: None

Correct Answer: Demand pull inflation ✔

Option A: Unemployment

Option B: Under employment

Option C: Unplanned

Option D: None

Correct Answer: Under employment ✔

Option A: Trade block

Option B: Trade union

Option C: Trade offs

Option D: All

Correct Answer: Trade offs ✔

Option A: Total spending

Option B: Aggregate spending

Option C: Both a and b

Option D: None

Correct Answer: Both a and b ✔

Option A: Market demand

Option B: Total demand

Option C: Both

Option D: None

Correct Answer: Both ✔

Option A: Future planning

Option B: Store of value

Option C: Speculation

Option D: None

Correct Answer: Store of value ✔

Option A: National Bank

Option B: State Bank

Option C: Business authorized bank

Option D: None

Correct Answer: State Bank ✔

Option A: Speculation

Option B: Specialization

Option C: Spill over

Option D: anti dumping

Correct Answer: Spill over ✔

Option A: Income tax

Option B: Sales tax

Option C: Consumer charge

Option D: None

Correct Answer: Sales tax ✔

Option A: Public sector

Option B: Private sector

Option C: Public utility

Option D: None

Correct Answer: Public sector ✔

Option A: Public debt

Option B: Public finance

Option C: Public good

Option D: None

Correct Answer: Public debt ✔

Option A: Generalization

Option B: Specification

Option C: Rationing function of the price

Option D: None

Correct Answer: Rationing function of the price ✔

Option A: The price of the related products

Option B: Technology

Option C: Both a and b

Option D: None of these

Correct Answer: The price of the related products ✔

Option A: Upward movement or shift of entire cure.

Option B: Shift of the demand curve to left side

Option C: Movement from one point to the other on the same demand curve

Option D: None

Correct Answer: Movement from one point to the other on the same demand curve ✔

Option A: Complementary

Option B: Substitutes

Option C: Supplementary

Option D: None

Correct Answer: Supplementary ✔

Option A: Changing in quantity demanded

Option B: Increase in demand

Option C: Decrease in quantity demanded

Option D: None

Correct Answer: Increase in demand ✔

Option A: Producing all output combinations in least costly way

Option B: Producing the specific output mix most desired by society

Option C: Producing the desired things

Option D: None

Correct Answer: Producing all output combinations in least costly way ✔

Option A: Superior or normal goods

Option B: Complementary goods

Option C: Substitutes

Option D: None

Correct Answer: Superior or normal goods ✔

Option A: Price and quantity demanded are inversely related

Option B: P & D are directly related

Option C: There is no relation bet P & D

Option D: None

Correct Answer: Price and quantity demanded are inversely related ✔

Option A: Producing all output combinations in the least costly way

Option B: Producing the specific output mix most desired by society

Option C: Producing the desired ones only

Option D: None

Correct Answer: Producing all output combinations in the least costly way ✔

Option A: Superior good

Option B: Normal good

Option C: Complementary good

Option D: None

Correct Answer: Complementary good ✔

Option A: Demand effectors

Option B: Demand determinants

Option C: Demand shifters

Option D: none

Correct Answer: Demand shifters ✔

Option A: Indifference curve

Option B: Income budget line

Option C: Circular flow model

Option D: Says law

Correct Answer: Circular flow model ✔

Option A: Command economy

Option B: Traditional economy

Option C: Mixed economy

Option D: Authoritarian economy

Correct Answer: Authoritarian economy ✔

Option A: Pure capitalism

Option B: Iaissez faire capital

Option C: Both

Option D: None

Correct Answer: Both ✔

Option A: Economic system

Option B: Fascism

Option C: Mixed system

Option D: None

Correct Answer: Economic system ✔

Option A: Unemployment

Option B: Failure to achieve productive efficiency

Option C: Both A. and B.

Option D: None of these

Correct Answer: C. Both A. and B. ✔

Option A: International Trade

Option B: Speculation

Option C: International specialization

Option D: None

Correct Answer: International specialization ✔

Option A: Steep slope

Option B: Downward slope

Option C: Positive slope

Option D: None

Correct Answer: Downward slope ✔

Option A: Trade surplus

Option B: Trade deficit

Option C: Trade off

Option D: None

Correct Answer: Trade surplus ✔

Option A: Spillover

Option B: Speculation

Option C: Specializing

Option D: All

Correct Answer: Speculation ✔

Option A: Allocative efficiency

Option B: Productive efficiency

Option C: Less than full use of resources

Option D: Unattainable levels of output

Correct Answer: Productive efficiency ✔

Option A: Theoretical

Option B: Positive

Option C: Normative

Option D: None

Correct Answer: Normative ✔

Option A: Opportunity cost

Option B: Real cost

Option C: Economic cost

Option D: None

Correct Answer: Opportunity cost ✔

Option A: The curve gets steeper as we move downward

Option B: The marginal benefit decreases as more of a good is consumed

Option C: In reflects the law of increasing opportunity cost

Option D: Resources are scarce

Correct Answer: In reflects the law of increasing opportunity cost ✔

Option A: Positive economics

Option B: Normative economics

Option C: Theoretical economics

Option D: factual economics

Correct Answer: Positive economics ✔

Option A: Macroeconomic

Option B: Micro economic

Option C: Positive economic

Option D: Normative economic

Correct Answer: Micro economic ✔

Option A: Economic principle

Option B: Economic theories

Option C: Both

Option D: None

Correct Answer: Both ✔

Option A: Labour laws

Option B: Labour saving scheme

Option C: Profit sharing plan

Option D: Profit maximizing plan

Correct Answer: Profit sharing plan ✔

Option A: Ceiling Price

Option B: Floor Price

Option C: Supprot Price

Option D: All

Correct Answer: Supprot Price ✔

Option A: Resource market

Option B: Product market

Option C: Consumer market

Option D: None

Correct Answer: Product market ✔

Option A: Market

Option B: Resource Market

Option C: Product Market

Option D: None

Correct Answer: Market ✔

Option A: Value added

Option B: Value of money

Option C: Vertical range

Option D: None

Correct Answer: Value added ✔

Option A: Unemployment rate

Option B: Inflation rate

Option C: Deflation rate

Option D: None

Correct Answer: Unemployment rate ✔

Option A: Tax

Option B: Tariff

Option C: Transfer payment

Option D: Subsidy

Correct Answer: Transfer payment ✔

Option A: Trade Balance

Option B: Trade deficit

Option C: Trade surplus

Option D: None

Correct Answer: Trade surplus ✔

Option A: Tariff

Option B: Tax

Option C: Tacit collusion

Option D: Subsidy

Correct Answer: Tax ✔