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Updated Agricultural Economics Mcqs ( Agriculture ) MCQs – Agriculture MCQs

Updated Agricultural Economics Mcqs ( Agriculture ) MCQs – Agriculture MCQs

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Latest Agriculture MCQs

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Latest Agricultural Economics Mcqs ( Agriculture ) Mcqs

The most occurred mcqs of Agricultural Economics Mcqs ( Agriculture ) in past papers. Past papers of Agricultural Economics Mcqs ( Agriculture ) Mcqs. Past papers of Agricultural Economics Mcqs ( Agriculture ) Mcqs . Mcqs are the necessary part of any competitive / job related exams. The Mcqs having specific numbers in any written test. It is therefore everyone have to learn / remember the related Agricultural Economics Mcqs ( Agriculture ) Mcqs. The Important series of Agricultural Economics Mcqs ( Agriculture ) Mcqs are given below:

An essentially risk free, long term interest rate which is free of the influence of market imperfections?

A. Pure rate of interest
B. Nominal rate of interest
C. Economic rate of interest
D. None

An interest bearing deposit which normally can be withdrawn by the depositor at any time ?

A. Saving deposit
B. Capital deposit
C. Fixed deposit
D. None

The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?

A. Specialization
B. Fly over
C. speculation
D. Capital flight

An ownership share in a corporation___________________?

A. Corporation
B. Stock
C. Both
D. None

A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?

A. Subsidy
B. lump-sum-tax
C. Tax
D. None

Total number of monetary units received by a firm from the sale of a product is called___________________?

A. Total revenue
B. Nominal profit
C. Both of the above
D. None of the above

To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?

A. Law of diminishing return
B. Law of diminishing marginal utility
C. Say’ law
D. Day’ law

Increase in the price level at a rate greater than expected ?

A. Deflation
B. Dearness
C. Stagflation
D. Unanticipated

Building of new factories in particular nation by corporations of other nations ?

A. Profit maximization rule
B. Direct foreign investment
C. Discrimination
D. Economies of scale

An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?

A. Decreasing cost industry
B. Increasing cost industry
C. Declining industry
D. None of these

A course of action indented to correct or avoid a problem_________________?

A. Economic phenomena
B. Economic policy
C. Economic principle
D. Economic rationale

Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?

A. Productive efficiency
B. Economic efficiency
C. Allocative efficiency
D. All

An accounting item which decreases the value of an asset___________________?

A. Debit
B. Depreciation
C. Credit
D. None

A labour union which limits its membership to workers with a particular skill ?

A. Craft union
B. Labour union
C. Credit union
D. None

A federal budget deficit caused by a recession and a consequent decline in tax revenues ?

A. Anticipated deficit
B. Cyclical deficit
C. Annual deficit
D. None

A schedule showing the amounts households plan to spend for consumer goods at different levels of disposable income is called________________?

A. Saving schedule
B. Income schedule
C. Consumption schedule
D. None

A firm which engages in in the busyness of banking_________________?

A. World bank
B. Commercial bank
C. State bank
D. None

A tax which is a constant amount at all levels of GDP is termwd as ?

A. Surcharge
B. Fixed tax
C. Lump sum tax
D. None

A debit which monitory value, an amount awed by a firm or an individual___________________?

A. Logrolling
B. Lockout
C. Liability
D. None

A group of firms which produces identical or similar products__________________?

A. Company
B. Industry
C. Plant
D. Organization

Soil Science MCQs

A type of unemployment used by workers voluntarily changing jobs and by temporary layoffs; unemployment workers between jobs?

A. Temporary unemployment
B. Frictional employment
C. Underemployment
D. None of these

Any resource whose quantity can not be changed by a firm in the short run_______________?

A. Fixed resource
B. Available resource
C. Variable resource
D. Economic resource

The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?

A. Implicit cost
B. Economic cost
C. Explicit cost
D. Nominal cost

The rate of exchange of one nation’s currency for another nation’s currency?

A. Exchange rate depreciation
B. Exchange rate appreciation
C. Exchange rate determinant
D. None of these

Recurring increase and decrease in the level of economic activity over periods of years?

A. Business cycle
B. Cyclic flow
C. Both of the above
D. None of the above

Excess of total revenue over total costs_______________?

A. Scarcity rent
B. Producer surplus
C. Both
D. None

The role of power in economic decision making is studied in________________?

A. Traditional economics
B. Development economics
C. Political economics
D. None of these

Noble prize of Economics in 1979 was awarded to________________?

A. Theodore Schultz
B. W. Arthur Lewis
C. Both a and b
D. None

The core value of development is________________?

A. Self esteem
B. Sustenance
C. Freedom
D. All

Nonproductive members of society are referred to as___________________?

A. Society burden
B. Society wastes
C. Economic dependency burden
D. None of these

In least developed nations dependent children are__________________?

A. 50 %
B. 90 %
C. 60 %
D. 70 %

In LDC children under age of 15 years are ___________% of the total population?

A. 40 %
B. 80 %
C. 50 %
D. None

Rural based population in developed countries___________________?

A. 50 %
B. 27 %
C. 42 %
D. 35 %

Agriculture contribution in GNP of developing nations?

A. 35 %
B. 20 %
C. 50 %
D. 14 %

Urban population is developed nations?

A. 74 %
B. 67 %
C. 80 %
D. none

In developed countries manufactured goods are about ________________% of total export?

A. 90 %
B. 60 %
C. 57 %
D. 82 %

People who are eager and able to work but for whom no suitable jobs are available?

A. Under employment
B. Open unemployment
C. Unemployment
D. Disguised employment

Rates of open unemployment in developing world average?

A. 35-45%
B. 8-15%
C. 20-40%
D. 40-60%

A country’s potential for economic growth is greatly influenced by its endowments of__________________?

A. Human resources
B. Physical resources
C. Both a and b
D. None of these

Number of peoples and their level of skills is called as________________?

A. Human resources
B. Capital resources
C. Physical resources
D. None

Year number of deaths per 1,000 population is called?

A. Crude mortality rate
B. Death rates
C. Both of the above
D. None of the above

“The tricks of economic growth and development are simply a matter of increasing national savings and investment.” Is a simplest form of?

A. Keynesian development theory
B. Rostow growth stages
C. Harod-Domar growth model
D. None

Aggregate inequality measures that can vary anywhere from O (perfect equality) to 1 (perfect inequality) are given by________________?

A. Gini co-efficient
B. Lewis theory
C. Rostow’s model
D. None

Total amount of income necessary to raise everyone who is below the poverty line up to that line ?

A. Absolutely poverty
B. Poverty gap
C. Subsistence income
D. None

Economic model describing growth of the economy on one or at most a few sectors and variables?

A. Functional growth model
B. Formal growth model
C. Aggregate growth model
D. None

Gradual pay off a loan principle ?

A. Hierarchically
B. Autarchy
C. Amortization

A summary statement of a nations financial transactions with the outside world ?

A. Balance of payments
B. Trade off
C. Both a and b
D. None

A term used by ILO to describe the basic goods and services necessary for a minimum standard of living ?

A. Basic needs
B. Gini co-efficient
C. Poverty line
D. None

The emigration of highly skilled and educated professionals and technical man power from developing to developed countries?

A. Immigration
B. Capital flight
C. Brain Drain
D. All

Increasing a country’s stock of real capital (net investment in fixed essels)__________________?

A. Capital accumulation
B. Capital stock
C. Capital dumping
D. None

Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?

A. Central Bank
B. State Bank
C. Both of the above
D. None of the above

Transfer of funds to a foreign country by a local citizen by business ?

A. Anti dumping
B. Dumping
C. Capital flight
D. Brain

A ratio that shows the unit of capital required to produce a unit of output over a given period of time?

A. Capital input ratio
B. Capital intensive ratio
C. Capital output ratio
D. None

Excess utility over price derived by the consumers because of negative sloping demand curve ?

A. Producer surplus
B. Marginal utility
C. Consumer surplus
D. Demand surplus

Advantage that occurs to individual or society as a whole as a result of increase in the consumption of certain types of goods or services by other individuals ?

A. Consumption function
B. Consumption economics
C. Consumption surplus
D. Consumer demand

A. Cetris peribus stands for__________________?

B. Same as given before
C. All else being equal
D. Let it be
E. None

An agreement among sellers of a commodity to set a common price or share their commodity market?

A. Oligopoly
B. collusion
C. Monopoly
D. All

An economic plan that sets targets to cover all the major sectors of the national economy?

A. Commune
B. Comprehensive plan
C. Centralized plan
D. None

The study of how economies are transformed from stagnation to growth and from low income to higher income status?

A. Development plan
B. Development economics
C. Econometrics
D. All

All seem fully employed but in reality much of their time is spent in unproductive activities?

A. Closed underemployment
B. Underemployment
C. Disguised underemployment
D. None

Group of LDC debtors who join together to bargain as a group with creditors?

A. Debtor’s commune
B. Economic union
C. Debtor’s cartel
D. None

The sum of interest payments and repayment of principal on external public and public ally guarantee debt?

A. Debt repudiation
B. Debt service
C. Debt renegotiation
D. Debt rescheduling

Any financial institution that serves to channel loan able funds savers to borrowers?

B. Financial intermediary
C. Both
D. None

The increasing integration of national economies into expanding international market ?

A. Economic integration
B. Globalization
C. Randomization
D. None

Income that is available to house holds for spending and saving after personal, income taxes have been deducted ?

A. Net income
B. Disposable income
C. Saving
D. All

The study process by which a productive capacity of the economy is increased over time to bring about raising levels of national output and income?

A. Economic growth
B. Development
C. Economic integration
D. All

Activities of central bank designed to influence financial variables such as money supply and interest rates?

A. Economic policy
B. Fiscal policy
C. Monitory policy
D. None

A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?

A. Monopoly
B. Oligopoly
C. Perfect competition
D. None

Any system that features one price for sellers and another for buyers ?

A. Dual price system
B. Ceiling pricing
C. Floor pricing
D. None

The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?

A. Formal finance
B. Informal sector
C. Formal sector
D. Informal finance

The annual amount that a borrower must pay a lender over an above the total borrowed ?

A. Interest
B. Interest rated
C. Loan
D. None

The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?

A. Substitution effect
B. Income effect
C. Labour effect
D. All

The responsiveness of the quantity demand of a commodity to change in the consumer’s income, measured by the proportionate change in quantity divided by the proportionate change in income ?

A. Elasticity of demand
B. Income elasticity of demand
C. Import substitution
D. None

The currency of a major industrial country, such as the U.S dollar___________________?

A. Stable currency
B. Hard currency
C. Main currency
D. None

An index measuring national socioeconomic development based on measures of life expectancy at birth, educational attainment and adjusted per capital income ?

A. Headcount index
B. Human poverty index
C. Human development index
D. None

Updated Agricultural Economics Mcqs ( Agriculture ) MCQs – Agriculture MCQs