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Updated Agriculture MCQs – Agricultural Economics Mcqs ( Agriculture ) MCQs

Updated Agriculture MCQs – Agricultural Economics 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:

The demand schedule or the demand curve of all buyers of a good or service is called____________________?

A. Total demand
B. Market demand
C. Both
D. None

The total amount buyers of goods and services sped or plan to spend____________________?

A. Aggregate spending
B. Total spending
C. Both a and b
D. None

The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________?

A. Trade union
B. Trade block
C. Trade offs
D. All

Failure to achieve full production is called ?

A. Unplanned
B. Under employment
C. Unemployment
D. None

Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?

A. Demand pull inflation
B. Stagflation
C. Both of the above
D. None of the above

A decrease in the governmentally defined value of currency ____________________?

A. Cheapness
B. Devaluation
C. Inflation
D. All

An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?

A. Declining industry
B. Decreasing cost industry
C. Both of the above
D. None of the above

Cooperation among unification of the economies of different nations is termed as_____________________?

A. Economic union
B. Economic integration
C. Economic Bloc
D. none of the above

A simplified picture of economic reality, an abstract generalization ?

A. Economic principle
B. Economic theory
C. Economic model
D. None

An accounting item which increase the value of an asset___________________?

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

A type of unemployment caused by insufficient total spending___________________?

A. Underdevelopment
B. Under employment
C. Cyclical unemployment
D. None

A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?

A. Current account
B. Saving account
C. Fixed account
D. Capital account’

A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?

A. Partnership
B. Co-operative
C. Corporation
D. None

A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?

A. Islamic Bank
C. Commercial bank
D. None

A curve showing the distribution of income in an economy___________________?

A. Lorenz curve
B. Income budget line
C. Indifference curve
D. Investment damage curve

A rise in the general level of prices in an economy___________________?

A. Inflation
B. Dearnen
C. Both of the above
D. None of the above

Science Soil MCQs

The absence of artificial barriers to trade among individuals and firms in different nations ?

A. Free trade
B. Trade union
C. Free economy
D. None

Employment available resources so that the maximum amount of goods and services is produced?

A. Fringe benefits
B. Full production
C. Large scale production
D. None

Private or public debt owed to foreign citizens firms and institutions ?

A. External debt
B. Loan
C. Internal debt
D. None

Tax levied on production of specific product on quantity of product purchased ?

A. Income tax
B. Excise tax
C. Sales tax
D. All

A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price?

A. Lorenz curve
B. Indifference curve
C. Budget line
D. Say’s law

Selling public assets to individuals or private business interests ?

A. Downsizing
B. Publication
C. Privatization
D. All

The investment of private foreign funds in the economy of a developing nation?

A. Private foreign investment
B. Public investment
C. Both of the above
D. None of the above

A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?

A. Political economics
B. Development economics
C. Tradititional economics
D. None

______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making?

A. Traditional economy
B. Capitalistic economy
C. Political economy
D. Open economy

Yearly number of live births per 1000 population is termed as_________________?

A. Infant birth rate
B. Crude birth rate
C. Live birth rate
D. All

In less developed nations economic dependency burden is__________________?

A. 55 % of the population
B. 65 % of the population
C. 35 % of the population
D. 45 % of the population

In richer nations children are______________% of the dependents?

A. 70 %
B. 60 %
C. 66 %
D. 45%

Rural based population in less developed countries (LDC’s) ?

A. 65 %
B. 75 %
C. 45 %
D. None

Labour force engage in Agriculture in economically developed nations ?

A. 5%
B. 15%
C. 10%
D. 2%

Agriculture contribution in GNP of developing nations ?

A. 13 %
B. 15 %
C. 3 %
D. 21 %

Urban population in LDC’s_________________?

A. 50 %
B. 46 %
C. 36 %
D. 20 %

In developed countries children are….% of the total population ?

A. 35 %
B. 62 %
C. 21 %
D. 16 %

People both rural and urban who are working less than they could___________________?

A. Under employment
B. Partial employment
C. Open employment
D. None

Urban migration is causing the labour force to grow at annual rates of _____________in LDC?

A. 30-35%
B. 5-7%
C. 10-20%
D. 35-40%

The extreme case of physical resource endowment is ________________?

A. Gulf oil states
C. United states America
D. South Africa

The number of children who die before their first birthday out of every 1,000 live births?

A. Infant mortality rate
B. Crude mortality rate
C. Children mortality rate
D. All

Stage of growth model development was porposed by____________________?

A. Rostow
B. Keynes
C. Harrod Dommer
D. Theodore

Agricultural Economics MCQs

“structural transformation of primary subsistence economy for economic development” war proposed by ?

A. Arthur Lewis
B. Carl Marx
C. Keyne’s
D. Rostow

The total number of people living below a specified minimum level of real income, an international poverty line, is called ?

A. Real poverty
B. Relative poor
C. Absolute poor
D. None

A measure of the real purchasing power of the community ?

A. Total effective demand
B. Aggregate demand
C. Total expenditure
D. All

The portion of economy consisting of Agriculture, Forestry, Hunting and Fishing ?

A. Agricultural sector
B. Farm economy
C. Rural sector
D. All

A closed economy that attempts to be completely self-reliant ?

A. Command economy
B. Amortization
C. Autarchy
D. None

The attainment of literacy, arithmetic competence and elementary vocational skills ?

A. Primary education
B. Basic education
C. Basic qualifications
D. All

“All LDC’s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.” ?

A. Rostow’s development plan
B. Big Push theory of development
C. Economic development theory
D. Harod Domes model

Stocks of commodities held by the countries or international organizations to moderate the commodities price fluctuations ?

A. Capital stocks
B. Buffer stocks
C. Black market
D. Speculation

An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?

A. Cartel
B. Buffer stock
C. Capital account
D. Capital account

The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?

A. Cognitive planning
B. Circular flow model
C. Centralized planning
D. None

A process of production that uses a higher proportion of capital as compared to other factors of production ?

A. Labour intensive technique
B. Capital intensive technique
C. Both a and b
D. None of these

A technological innovation that increase the production while using the same capital input?

A. Capital intensive technique
B. Production intensive technique
C. Capital saving technological process
D. None

Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?

A. Consumption diseconomies
B. Commune
C. Ammunity
D. None of these

From of central bank that issues domestic currency for foreign exchange at fixed rates ?

A. Stock exchange
B. State Bank
C. Currency board
D. Commercial Bank

Technologies that by design produce less waste and use resources more efficiently ?

A. Productive technology
B. Efficient technology
C. Clean technologies
D. Innovative technology

A cooperative farm or other collectively organized unit ?

A. Corporation
B. Society
C. Commune
D. All

The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?

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

The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ?

A. Marginal returns
B. Diminishing returns
C. Both of the above
D. None of the above

The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?

A. Partial substitution
B. Currency devaluation
C. Currency substitution
D. None

Changing the term of existing loan________________?

A. Debt repudiation
B. Debt transformation
C. Debt renegotiation
D. All

The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?

A. Downsizing
B. Depreciation
C. Rightsizing
D. All

he yearly number of children born alive per 1,000 women within a chil bearing age bracket?

TA. Crude birth rate
B. Fertility rate
C. Birth rate
D. Expectancy rate

International resources shared by all countries e.g ocean, air etc?

A. Global environment facility
B. Global reserves
C. Global commons
D. None

Situation in which govt. intervention in an economy worsens outcomes__________________?

A. Market perfection
B. Govt. failure
C. Govt. inefficiency
D. None

Proportion of school aged children who don’t complete a particular school cycle ?

A. Children un education rate
B. Dropout rate
C. IIIiteracy rate
D. All

Food Technology MCQs

A barrier to the attainment of a set target in a particular period of time?

A. Economic inefficient
B. Economic constraint
C. Economic integration
D. None

All international changes in ownership of merchandise passing across the customs borders of trading countries?

A. Trade barriers
B. International trade laws
C. Merchandise trade balance
D. Merchandise imports and exports

Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?

A. Money lender
B. Money supply
C. National income
D. None

Loans not passed through formal banking system e.g. family loans?

A. Informal finance
B. Formal finance
C. Med term loans
D. Long term loans

The payment for the use of borrowed funds _____________?

A. Interest
B. Loan
C. Both of the above
D. None of the above

Discount rate that causes a project to have a net present value of zero used to rank projects in comparison with market rates of interest?

A. External rate or returns
B. Rate or returns
C. Internal rate or returns
D. None of the above

A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?

A. Import substitution
B. Autarchy
C. Export substitution
D. Industrialization

A household’s or firm’s income in the form of goods or services ?

A. Income in kind
B. Extra income
C. Fixed income
D. None

Productive investments embodied in human persons?

A. Fixed capital
B. Human capital
C. Both of these
D. none of these

Index measuring deprivation in basic human development in a country ?

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

Monopoly and oligopoly are the examples of___________________?

A. Pure competition
B. Imperfect competition
C. Perfect competition
D. None

A demand curve shifts because of change is_____________________?

A. Number of buyers in market
B. Consumer tastes
C. Incomes
D. All of these

Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?

A. Keynes theory of supply
B. Say’s law
C. Law of supply
D. None

Determinant of supply is__________________?

A. Taxes a subsidies
B. Techniques of production
C. Resource price
D. All

The intersection of the supply curve and demand curve indicates ?

A. Market equilibrium
B. Market condition
C. Market demand
D. None

The coordinating mechanism of capitalism is a system of___________________?

A. Competition
B. Capital and laborers
C. Market and prices
D. All

A good and service is indivisible and to which the exclusion principle does apply is called_________________?

A. Public finance
B. Public good
C. Public service
D. Public debt

Updated Agriculture MCQs – Agricultural Economics Mcqs ( Agriculture ) MCQs