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.
| 101. |
Income that is available to house holds for spending and saving after personal, income taxes have been deducted ? |
| A. | Saving |
| B. | Disposable income |
| C. | Net income |
| D. | All |
| Answer» C. Net income | |
| 102. |
In ___________________ we avoid value judgments and focus on facts? |
| A. | Positive economics |
| B. | Normative economics |
| C. | Theoretical economics |
| D. | factual economics |
| Answer» B. Normative economics | |
| 103. |
In richer nations children are______________% of the dependents? |
| A. | 60 % |
| B. | 70 % |
| C. | 66 % |
| D. | 45% |
| Answer» D. 45% | |
| 104. |
In less developed nations economic dependency burden is__________________? |
| A. | 65 % of the population |
| B. | 55 % of the population |
| C. | 35 % of the population |
| D. | 45 % of the population |
| Answer» E. | |
| 105. |
In least developed nations dependent children are__________________? |
| A. | 60 % |
| B. | 90 % |
| C. | 50 % |
| D. | 70 % |
| Answer» C. 50 % | |
| 106. |
In LDC children under age of 15 years are ___________% of the total population? |
| A. | 40 % |
| B. | 50 % |
| C. | 80 % |
| D. | None |
| Answer» B. 50 % | |
| 107. |
In________________ economics we look at desirability of certain aspects of the economy ? |
| A. | Theoretical |
| B. | Positive |
| C. | Normative |
| D. | None |
| Answer» D. None | |
| 108. |
In developed countries manufactured goods are about ________________% of total export? |
| A. | 60 % |
| B. | 90 % |
| C. | 57 % |
| D. | 82 % |
| Answer» E. | |
| 109. |
In developed countries children are….% of the total population ? |
| A. | 62 % |
| B. | 35 % |
| C. | 21 % |
| D. | 16 % |
| Answer» D. 16 % | |
| 110. |
Hitler introduced ? |
| A. | Command economy |
| B. | Traditional economy |
| C. | Mixed economy |
| D. | Authoritarian economy |
| Answer» E. | |
| 111. |
he yearly number of children born alive per 1,000 women within a chil bearing age bracket? |
| A. | Crude birth rate |
| B. | Birth rate |
| C. | Fertility rate |
| D. | Expectancy rate |
| Answer» B. Birth rate | |
| 112. |
Group of LDC debtors who join together to bargain as a group with creditors? |
| A. | Debtor’s cartel |
| B. | Economic union |
| C. | Debtor’s commune |
| D. | None |
| Answer» C. Debtor’s commune | |
| 113. |
Gradual pay off a loan principle ? |
| A. | Autarchy |
| B. | Hierarchically |
| C. | Amortization |
| D. | AID |
| Answer» D. AID | |
| 114. |
From of central bank that issues domestic currency for foreign exchange at fixed rates ? |
| A. | Stock exchange |
| B. | Currency board |
| C. | State Bank |
| D. | Commercial Bank |
| Answer» B. Currency board | |
| 115. |
Failure to use all available economic resources to produce goods and services is called__________________? |
| A. | Unemployment |
| B. | Underemployment |
| C. | Inflation |
| D. | Deflation |
| Answer» B. Underemployment | |
| 116. |
Failure to achieve full production is called ? |
| A. | Unemployment |
| B. | Under employment |
| C. | Unplanned |
| D. | None |
| Answer» C. Unplanned | |
| 117. |
Excess of total revenue over total costs_______________? |
| A. | Producer surplus |
| B. | Scarcity rent |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 118. |
Excess utility over price derived by the consumers because of negative sloping demand curve ? |
| A. | Producer surplus |
| B. | Consumer surplus |
| C. | Marginal utility |
| D. | Demand surplus |
| Answer» B. Consumer surplus | |
| 119. |
Employment available resources so that the maximum amount of goods and services is produced? |
| A. | Large scale production |
| B. | Full production |
| C. | Fringe benefits |
| D. | None |
| Answer» C. Fringe benefits | |
| 120. |
“Economics is the study of causes of material welfare” was defined by___________________? |
| A. | Adam Smith |
| B. | Marshall |
| C. | Robins |
| D. | Marks |
| Answer» C. Robins | |
| 121. |
Economic model describing growth of the economy on one or at most a few sectors and variables? |
| A. | Formal growth model |
| B. | Functional growth model |
| C. | Aggregate growth model |
| D. | None |
| Answer» D. None | |
| 122. |
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. | Rate or returns |
| B. | External rate or returns |
| C. | Internal rate or returns |
| D. | None |
| Answer» D. None | |
| 123. |
Directing domestic resources to output which a nation is highly efficient at producing is called____________________? |
| A. | International Trade |
| B. | Speculation |
| C. | International specialization |
| D. | None |
| Answer» D. None | |
| 124. |
determinants of demand are some times referred as__________________________? |
| A. | Demand effectors |
| B. | Demand determinants |
| C. | Demand shifters |
| D. | none |
| Answer» D. none | |
| 125. |
Determinant of supply is__________________? |
| A. | Resource price |
| B. | Techniques of production |
| C. | Taxes a subsidies |
| D. | All |
| Answer» E. | |
| 126. |
Cooperation among unification of the economies of different nations is termed as_____________________? |
| A. | Economic Bloc |
| B. | Economic integration |
| C. | Economic union |
| D. | none |
| Answer» C. Economic union | |
| 127. |
Commodities whose demand varies directly with money income are called______________________? |
| A. | Superior or normal goods |
| B. | Complementary goods |
| C. | Substitutes |
| D. | None |
| Answer» B. Complementary goods | |
| 128. |
Changing the term of existing loan________________? |
| A. | Debt repudiation |
| B. | Debt renegotiation |
| C. | Debt transformation |
| D. | All |
| Answer» B. Debt renegotiation | |
| 129. |
Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________? |
| A. | Fiscal policy |
| B. | Economic planning |
| C. | Economizing problem |
| D. | None |
| Answer» B. Economic planning | |
| 130. |
Change in quantity demanded is______________________? |
| A. | Upward movement or shift of entire cure. |
| B. | Shift of the demand curve to left side |
| C. | Movement from one point to the other on the same demand curve |
| D. | None |
| Answer» D. None | |
| 131. |
Cetris peribus stands for__________________? |
| A. | Let it be |
| B. | All else being equal |
| C. | Same as given before |
| D. | None |
| Answer» C. Same as given before | |
| 132. |
Building of new factories in particular nation by corporations of other nations ? |
| A. | Discrimination |
| B. | Direct foreign investment |
| C. | Profit maximization rule |
| D. | Economies of scale |
| Answer» C. Profit maximization rule | |
| 133. |
______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making? |
| A. | Traditional economy |
| B. | Political economy |
| C. | Capitalistic economy |
| D. | Open economy |
| Answer» B. Political economy | |
| 134. |
Any system that features one price for sellers and another for buyers ? |
| A. | Dual price system |
| B. | Floor pricing |
| C. | Ceiling pricing |
| D. | None |
| Answer» B. Floor pricing | |
| 135. |
Any resource whose quantity can not be changed by a firm in the short run_______________? |
| A. | Fixed resource |
| B. | Variable resource |
| C. | Available resource |
| D. | Economic resource |
| Answer» B. Variable resource | |
| 136. |
Any point inside the production possibility curve represents ? |
| A. | Unemployment |
| B. | Failure to achieve productive efficiency |
| C. | Both A. and B. |
| D. | None of these |
| Answer» D. None of these | |
| 137. |
Any financial institution that serves to channel loan able funds savers to borrowers? |
| A. | Financial intermediary |
| B. | IMF |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 138. |
An ownership share in a corporation___________________? |
| A. | Stock |
| B. | Corporation |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 139. |
An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________? |
| A. | Company |
| B. | Factory |
| C. | Firm |
| D. | None |
| Answer» D. None | |
| 140. |
An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ? |
| A. | Cartel |
| B. | Capital account |
| C. | Buffer stock |
| D. | Capital account |
| Answer» B. Capital account | |
| 141. |
An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ? |
| A. | Tariff |
| B. | Tax |
| C. | Tacit collusion |
| D. | Subsidy |
| Answer» C. Tacit collusion | |
| 142. |
An interest bearing deposit which normally can be withdrawn by the depositor at any time ? |
| A. | Saving deposit |
| B. | Fixed deposit |
| C. | Capital deposit |
| D. | None |
| Answer» B. Fixed deposit | |
| 143. |
An institution or mechanism which brings together buyers and sellers is called____________________? |
| A. | Market |
| B. | Resource Market |
| C. | Product Market |
| D. | None |
| Answer» B. Resource Market | |
| 144. |
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 |
| D. | None |
| Answer» C. Both | |
| 145. |
An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ? |
| A. | Increasing cost industry |
| B. | Decreasing cost industry |
| C. | Declining industry |
| D. | None of these |
| Answer» D. None of these | |
| 146. |
An individuals demand curve is down sloping because_____________________? |
| A. | Price and quantity demanded are inversely related |
| B. | P & D are directly related |
| C. | There is no relation bet P & D |
| D. | None |
| Answer» B. P & D are directly related | |
| 147. |
An index measuring national socioeconomic development based on measures of life expectancy at birth, educational attainment and adjusted per capital income ? |
| A. | Human development index |
| B. | Human poverty index |
| C. | Headcount index |
| D. | None |
| Answer» C. Headcount index | |
| 148. |
An increase either in real output (GDP) or in real output per capita is called___________________? |
| A. | Economic development |
| B. | Economic growth |
| C. | Growth rate |
| D. | Economic efficiency |
| Answer» C. Growth rate | |
| 149. |
An essentially risk free, long term interest rate which is free of the influence of market imperfections? |
| A. | Pure rate of interest |
| B. | Economic rate of interest |
| C. | Nominal rate of interest |
| D. | None |
| Answer» B. Economic rate of interest | |
| 150. |
An economic system in which traditions and customs determine how the economy would use its scare resources ? |
| A. | Traditional economy |
| B. | Mixed economy |
| C. | capitalistic economy |
| D. | Command economy |
| Answer» B. Mixed economy | |