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.
| 201. |
A legally determined price above the equilibrium price is__________________? |
| A. | Floor price |
| B. | Ceiling price |
| C. | Equilibrium price |
| D. | None |
| Answer» B. Ceiling price | |
| 202. |
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. | Tradititional economics |
| B. | Development economics |
| C. | Political economics |
| D. | None |
| Answer» C. Political economics | |
| 203. |
A labour union which limits its membership to workers with a particular skill ? |
| A. | Labour union |
| B. | Craft union |
| C. | Credit union |
| D. | None |
| Answer» D. None | |
| 204. |
A household’s or firm’s income in the form of goods or services ? |
| A. | Extra income |
| B. | Income in kind |
| C. | Fixed income |
| D. | None |
| Answer» D. None | |
| 205. |
A group of firms which produces identical or similar products__________________? |
| A. | Plant |
| B. | Industry |
| C. | Company |
| D. | Organization |
| Answer» C. Company | |
| 206. |
A good used together with another good is___________________? |
| A. | Superior good |
| B. | Normal good |
| C. | Complementary good |
| D. | None |
| Answer» D. None | |
| 207. |
A good and service is indivisible and to which the exclusion principle does apply is called_________________? |
| A. | Public service |
| B. | Public good |
| C. | Public finance |
| D. | Public debt |
| Answer» C. Public finance | |
| 208. |
A firm which engages in in the busyness of banking_________________? |
| A. | State bank |
| B. | Commercial bank |
| C. | World bank |
| D. | None |
| Answer» C. World bank | |
| 209. |
A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is__________________? |
| A. | Macroeconomic |
| B. | Micro economic |
| C. | Positive economic |
| D. | Normative economic |
| Answer» C. Positive economic | |
| 210. |
A federal budget deficit caused by a recession and a consequent decline in tax revenues ? |
| A. | Annual deficit |
| B. | Cyclical deficit |
| C. | Anticipated deficit |
| D. | None |
| Answer» C. Anticipated deficit | |
| 211. |
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. | Export substitution |
| C. | Autarchy |
| D. | Industrialization |
| Answer» B. Export substitution | |
| 212. |
A demand curve shifts because of change is_____________________? |
| A. | Consumer tastes |
| B. | Number of buyers in market |
| C. | Incomes |
| D. | All of these |
| Answer» E. | |
| 213. |
A decrease in the governmentally defined value of currency ____________________? |
| A. | Inflation |
| B. | Devaluation |
| C. | Cheapness |
| D. | All |
| Answer» C. Cheapness | |
| 214. |
A debit which monitory value, an amount awed by a firm or an individual___________________? |
| A. | Lockout |
| B. | Logrolling |
| C. | Liability |
| D. | None |
| Answer» D. None | |
| 215. |
A curve showing the distribution of income in an economy___________________? |
| A. | Lorenz curve |
| B. | Indifference curve |
| C. | Income budget line |
| D. | Investment damage curve |
| Answer» B. Indifference curve | |
| 216. |
A course of action indented to correct or avoid a problem_________________? |
| A. | Economic principle |
| B. | Economic policy |
| C. | Economic phenomena |
| D. | Economic rationale |
| Answer» C. Economic phenomena | |
| 217. |
A country’s potential for economic growth is greatly influenced by its endowments of__________________? |
| A. | Physical resources |
| B. | Human resources |
| C. | Both a and b |
| D. | None of these |
| Answer» D. None of these | |
| 218. |
A cooperative farm or other collectively organized unit ? |
| A. | Corporation |
| B. | Commune |
| C. | Society |
| D. | All |
| Answer» B. Commune | |
| 219. |
A condition when there is excessive produce in the market which lowers down the price is called__________________? |
| A. | Market glut |
| B. | Perfect market |
| C. | Imperfect market |
| D. | All of these |
| Answer» B. Perfect market | |
| 220. |
A compensation device through which workers receive part of their pay in the form of share of their employer’s profit___________________? |
| A. | Labour laws |
| B. | Labour saving scheme |
| C. | Profit sharing plan |
| D. | Profit maximizing plan |
| Answer» D. Profit maximizing plan | |
| 221. |
A commercial bank authorized by state govt. to engage in business of banking ? |
| A. | National Bank |
| B. | State Bank |
| C. | Business authorized bank |
| D. | None |
| Answer» C. Business authorized bank | |
| 222. |
A closed economy that attempts to be completely self-reliant ? |
| A. | Amortization |
| B. | Command economy |
| C. | Autarchy |
| D. | None |
| Answer» D. None | |
| 223. |
A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________? |
| A. | Speculation |
| B. | Specialization |
| C. | Spill over |
| D. | anti dumping |
| Answer» D. anti dumping | |
| 224. |
A barrier to the attainment of a set target in a particular period of time? |
| A. | Economic inefficient |
| B. | Economic integration |
| C. | Economic constraint |
| D. | None |
| Answer» B. Economic integration | |
| 225. |
A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ? |
| A. | IMF |
| B. | Islamic Bank |
| C. | Commercial bank |
| D. | None |
| Answer» E. | |