Agricultural Economics MCQs

Option A: Pure capitalism

Option B: Command Economy

Option C: Closed economy

Option D: Open economy

Correct Answer: Pure capitalism ✔

Option A: Plant

Option B: Firm

Option C: Factory

Option D: None

Correct Answer: Plant ✔

Option A: Ceiling price

Option B: Floor price

Option C: Max price

Option D: None

Correct Answer: Ceiling price ✔

Option A: Money market

Option B: International market

Option C: Foreign exchange market

Option D: All of these

Correct Answer: Foreign exchange market ✔

Option A: Company

Option B: Factory

Option C: Firm

Option D: None

Correct Answer: Firm ✔

Option A: Implicit cost

Option B: Explicit cost

Option C: Net cost

Option D: Total cost

Correct Answer: Explicit cost ✔

Option A: Prices discrimination

Option B: Prices differentiation

Option C: Oligopoly

Option D: Prices elasticity

Correct Answer: Prices discrimination ✔

Option A: Economy Profit

Option B: Pure Profit

Option C: Above normal Profit

Option D: All these

Correct Answer: All these ✔

Option A: Command economy

Option B: Closed economy

Option C: Open economy

Option D: None

Correct Answer: Command economy ✔

Option A: Net income

Option B: Gross income

Option C: Saving

Option D: None of these

Correct Answer: Saving ✔

Option A: Investment

Option B: Busyness

Option C: Consumption

Option D: Entrepreneurship

Correct Answer: Investment ✔

Option A: GNP

Option B: GDP

Option C: NDP

Option D: None of these

Correct Answer: GDP ✔

Option A: Lewis

Option B: Rostow

Option C: Keynes

Option D: Adam Smith

Correct Answer: Adam Smith ✔

Option A: Induction

Option B: Deduction

Option C: Specification

Option D: None

Correct Answer: Deduction ✔

Option A: theoretical economics

Option B: Economics analysis

Option C: Both A. and B.

Option D: None of these

Correct Answer: C. Both A. and B. ✔

Option A: Public sector

Option B: Ptivate sector

Option C: Govt sector

Option D: None

Correct Answer: Ptivate sector ✔

Option A: Efficiency

Option B: Production

Option C: Productivity

Option D: None

Correct Answer: Productivity ✔

Option A: Resource market

Option B: Product market

Option C: Consumer market

Option D: Producer market

Correct Answer: Resource market ✔

Option A: Salary

Option B: Income

Option C: Wage

Option D: All

Correct Answer: Wage ✔

Option A: Unemployment

Option B: Underemployment

Option C: Inflation

Option D: Deflation

Correct Answer: Unemployment ✔

Option A: Traditional economy

Option B: Mixed economy

Option C: capitalistic economy

Option D: Command economy

Correct Answer: Traditional economy ✔

Option A: Trade surplus

Option B: Trade deficit

Option C: Trade bloc

Option D: None

Correct Answer: Trade deficit ✔

Option A: Technology

Option B: Advanced knowledge

Option C: Both

Option D: None

Correct Answer: Technology ✔

Option A: Tariff

Option B: Foreign exchange

Option C: Net profit

Option D: GNP

Correct Answer: Tariff ✔

Option A: Real income

Option B: Net income

Option C: Total income

Option D: None

Correct Answer: Real income ✔

Option A: Public revenue

Option B: Public finance

Option C: Public good

Option D: None

Correct Answer: Public finance ✔

Option A: Floor price

Option B: Ceiling price

Option C: Equilibrium price

Option D: None

Correct Answer: Floor price ✔

Option A: capital flight

Option B: capital account

Option C: capital deficit

Option D: All of these

Correct Answer: capital flight ✔

Option A: Fiscal policy

Option B: Economic planning

Option C: Economizing problem

Option D: None

Correct Answer: Fiscal policy ✔

Option A: Market glut

Option B: Perfect market

Option C: Imperfect market

Option D: All of these

Correct Answer: Market glut ✔

Option A: Economics of scale

Option B: Economics of mass production

Option C: Both of these

Option D: None of these

Correct Answer: Both of these ✔

Option A: Economic development

Option B: Economic growth

Option C: Growth rate

Option D: Economic efficiency

Correct Answer: Economic growth ✔

Option A: Dumping

Option B: Subsidy

Option C: Inflation

Option D: Monopoly

Correct Answer: Dumping ✔

Option A: Utility

Option B: Worth

Option C: The point of satiety

Option D: All of these

Correct Answer: Utility ✔

Option A: GDP

Option B: NNp

Option C: NDP

Option D: GNP

Correct Answer: GNP ✔

Option A: Gross income

Option B: Net income

Option C: Personal income

Option D: None of above

Correct Answer: Gross income ✔

Option A: Adam Smith

Option B: Marshall

Option C: Robins

Option D: Marks

Correct Answer: Marshall ✔