MCQOPTIONS
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MCQOPTIONS
This section includes 225 Mcqs, each offering curated multiple-choice questions to sharpen your Agriculture knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Year number of deaths per 1,000 population is called? |
| A. | Crude mortality rate |
| B. | Death rates |
| C. | Both |
| D. | None |
| Answer» C. Both | |
| 2. |
Yearly number of live births per 1000 population is termed as_________________? |
| A. | Live birth rate |
| B. | Crude birth rate |
| C. | Infant birth rate |
| D. | All |
| Answer» C. Infant birth rate | |
| 3. |
When price for one and demand for other move in same direction we say them___________________? |
| A. | Complementary |
| B. | Substitutes |
| C. | Supplementary |
| D. | None |
| Answer» D. None | |
| 4. |
“Wealth of nations” was written by_________________? |
| A. | Lewis |
| B. | Rostow |
| C. | Keynes |
| D. | Adam Smith |
| Answer» E. | |
| 5. |
Using part of income/saving for more income is called_________________? |
| A. | Investment |
| B. | Busyness |
| C. | Consumption |
| D. | Entrepreneurship |
| Answer» B. Busyness | |
| 6. |
Urban population in LDC’s_________________? |
| A. | 464 % |
| B. | 50 % |
| C. | 36 % |
| D. | 20 % |
| Answer» D. 20 % | |
| 7. |
Urban population is developed nations? |
| A. | 74 % |
| B. | 80 % |
| C. | 67 % |
| D. | none |
| Answer» B. 80 % | |
| 8. |
Urban migration is causing the labour force to grow at annual rates of _____________in LDC? |
| A. | 10-20% |
| B. | 5-7% |
| C. | 30-35% |
| D. | 35-40% |
| Answer» C. 30-35% | |
| 9. |
Upward shift of the demand curve is due to_________________? |
| A. | Changing in quantity demanded |
| B. | Increase in demand |
| C. | Decrease in quantity demanded |
| D. | None |
| Answer» C. Decrease in quantity demanded | |
| 10. |
Transfer of funds to a foreign country by a local citizen by business ? |
| A. | Dumping |
| B. | Anti dumping |
| C. | Capital flight |
| D. | Brain |
| Answer» D. Brain | |
| 11. |
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 |
| D. | None |
| Answer» B. Nominal profit | |
| 12. |
Total money income received by the individual or recipients of income is called____________________? |
| A. | Gross income |
| B. | Net income |
| C. | Personal income |
| D. | None of above |
| Answer» B. Net income | |
| 13. |
Total consumption deducted from total income is called__________________? |
| A. | Net income |
| B. | Gross income |
| C. | Saving |
| D. | None of these |
| Answer» D. None of these | |
| 14. |
Total amount of income necessary to raise everyone who is below the poverty line up to that line ? |
| A. | Subsistence income |
| B. | Poverty gap |
| C. | Absolutely poverty |
| D. | None |
| Answer» C. Absolutely poverty | |
| 15. |
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. | Say’ law |
| C. | Law of diminishing marginal utility |
| D. | Say’ law |
| Answer» B. Say’ law | |
| 16. |
To charge different prices for the goods of the same standard is called___________________? |
| A. | Prices discrimination |
| B. | Prices differentiation |
| C. | Oligopoly |
| D. | Prices elasticity |
| Answer» B. Prices differentiation | |
| 17. |
The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product____________________? |
| A. | Value added |
| B. | Value of money |
| C. | Vertical range |
| D. | None |
| Answer» B. Value of money | |
| 18. |
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. | speculation |
| C. | Fly over |
| D. | Capital flight |
| Answer» B. speculation | |
| 19. |
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 substitution |
| C. | Currency devaluation |
| D. | None |
| Answer» B. Currency substitution | |
| 20. |
“The tricks of economic growth and development are simply a matter of increasing national savings and investment.” Is a simplest form of? |
| A. | Rostow growth stages |
| B. | Keynesian development theory |
| C. | Harod-Domar growth model |
| D. | None |
| Answer» D. None | |
| 21. |
The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________? |
| A. | capital flight |
| B. | capital account |
| C. | capital deficit |
| D. | All of these |
| Answer» B. capital account | |
| 22. |
The total revenue of a film less all its economic costs is called_____________________? |
| A. | Economy Profit |
| B. | Pure Profit |
| C. | Above normal Profit |
| D. | All these |
| Answer» E. | |
| 23. |
The total number of people living below a specified minimum level of real income, an international poverty line, is called ? |
| A. | Relative poor |
| B. | Real poverty |
| C. | Absolute poor |
| D. | None |
| Answer» D. None | |
| 24. |
The total amount by the federal govt. of the owner of the govt. securities is called___________________? |
| A. | Public debt |
| B. | Public finance |
| C. | Public good |
| D. | None |
| Answer» B. Public finance | |
| 25. |
The total amount buyers of goods and services sped or plan to spend____________________? |
| A. | Total spending |
| B. | Aggregate spending |
| C. | Both a and b |
| D. | None |
| Answer» D. None | |
| 26. |
The sum of interest payments and repayment of principal on external public and public ally guarantee debt? |
| A. | Debt repudiation |
| B. | Debt renegotiation |
| C. | Debt service |
| D. | Debt rescheduling |
| Answer» B. Debt renegotiation | |
| 27. |
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. | Development |
| B. | Economic growth |
| C. | Economic integration |
| D. | All |
| Answer» D. All | |
| 28. |
The study of how economies are transformed from stagnation to growth and from low income to higher income status? |
| A. | Econometrics |
| B. | Development economics |
| C. | Development plan |
| D. | All |
| Answer» C. Development plan | |
| 29. |
The sale of products below sale of production in a foreign country or below the prices charged at home is called ? |
| A. | Dumping |
| B. | Subsidy |
| C. | Inflation |
| D. | Monopoly |
| Answer» B. Subsidy | |
| 30. |
The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________? |
| A. | Trade block |
| B. | Trade union |
| C. | Trade offs |
| D. | All |
| Answer» D. All | |
| 31. |
The role of power in economic decision making is studied in________________? |
| A. | Development economics |
| B. | Traditional economics |
| C. | Political economics |
| D. | None of these |
| Answer» D. None of these | |
| 32. |
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. | Import substitution |
| C. | Income elasticity of demand |
| D. | None |
| Answer» B. Import substitution | |
| 33. |
The rate of exchange of one nation’s currency for another nation’s currency? |
| A. | Exchange rate appreciation |
| B. | Exchange rate depreciation |
| C. | Exchange rate determinant |
| D. | None of these |
| Answer» E. | |
| 34. |
The process of improving the quality of all human lives including sustenance, self esteem and freedom________________? |
| A. | Growth |
| B. | Economic growth |
| C. | Development |
| D. | All |
| Answer» C. Development | |
| 35. |
The process of deriving principles is called___________________? |
| A. | theoretical economics |
| B. | Economics analysis |
| C. | Both A. and B. |
| D. | None of these |
| Answer» D. None of these | |
| 36. |
The private ownership of resources and use of a system of market and prices to coordinate and direct economic activity________________? |
| A. | Pure capitalism |
| B. | Iaissez faire capital |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 37. |
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 |
| D. | None |
| Answer» C. Both | |
| 38. |
The price paid for the use of services of labour per unit of time is called__________________? |
| A. | Salary |
| B. | Income |
| C. | Wage |
| D. | All |
| Answer» D. All | |
| 39. |
The portion of economy consisting of Agriculture, Forestry, Hunting and Fishing ? |
| A. | Agricultural sector |
| B. | Rural sector |
| C. | Farm economy |
| D. | All |
| Answer» B. Rural sector | |
| 40. |
The percentage of labour force unemployment at any time__________________? |
| A. | Unemployment rate |
| B. | Inflation rate |
| C. | Deflation rate |
| D. | None |
| Answer» B. Inflation rate | |
| 41. |
The payment for the use of borrowed funds _____________? |
| A. | Interest |
| B. | Loan |
| C. | Both |
| D. | None |
| Answer» C. Both | |
| 42. |
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 sector |
| B. | Informal sector |
| C. | Formal finance |
| D. | Informal finance |
| Answer» C. Formal finance | |
| 43. |
The part of economy which contains all govt. entities is called__________________? |
| A. | Public sector |
| B. | Private sector |
| C. | Public utility |
| D. | None |
| Answer» B. Private sector | |
| 44. |
The number of children who die before their first birthday out of every 1,000 live births? |
| A. | Infant mortality rate |
| B. | Children mortality rate |
| C. | Crude mortality rate |
| D. | All |
| Answer» B. Children mortality rate | |
| 45. |
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. | Explicit cost |
| C. | Economic cost |
| D. | Nominal cost |
| Answer» B. Explicit cost | |
| 46. |
The monetary payment a firm must make to an outsider to obtain a resource____________________? |
| A. | Implicit cost |
| B. | Explicit cost |
| C. | Net cost |
| D. | Total cost |
| Answer» C. Net cost | |
| 47. |
The investment of private foreign funds in the economy of a developing nation? |
| A. | Private foreign investment |
| B. | Public investment |
| C. | Both a and b |
| D. | None of these |
| Answer» B. Public investment | |
| 48. |
The intersection of the supply curve and demand curve indicates ? |
| A. | Market equilibrium |
| B. | Market demand |
| C. | Market condition |
| D. | None |
| Answer» B. Market demand | |
| 49. |
The increasing integration of national economies into expanding international market ? |
| A. | Randomization |
| B. | Globalization |
| C. | Economic integration |
| D. | None |
| Answer» C. Economic integration | |
| 50. |
The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand? |
| A. | Income effect |
| B. | Substitution effect |
| C. | Labour effect |
| D. | All |
| Answer» D. All | |