Explore topic-wise MCQs in Economics Mcqs.

This section includes 14 Mcqs, each offering curated multiple-choice questions to sharpen your Economics Mcqs knowledge and support exam preparation. Choose a topic below to get started.

1.

In food demand growth equation D = Φ + a E, a is the income elasticity of demand for food E is the per capita income growth and Φ is ?
A. Poverty rates
B. food security index
C. change in the quantity of food demanded per capita
D. population growth
Answer» E.
Discussion
2.

Which of the following is not among the most advanced global food chain cluster with headquarters in the US ?
A. cargil/Monsanto
B. ConAgra
C. Novartis/ADM
D. Procter & Gamble
Answer» E.
Discussion
3.

Which of the following statement about rural and agricultural development is true ?
A. Rural development is the same as agricultural development
B. The agrarian community requires a full range of services such as schools merchants banks and so on
C. Household nonfarm income is uncorrelated to farm productivity and uncorrelated to farm productivity and household incomes in Kenya
D. China’s rural population receives little income from nonfarm income
Answer» C. Household nonfarm income is uncorrelated to farm productivity and uncorrelated to farm productivity and household incomes in Kenya
Discussion
4.

Which of the following NOT a cause of food insecurity, according to Nic Maunder, a specialist on Ethiopia ?
A. War and bad governance
B. Corruption and mismanagement
C. Poor roads
D. Aid from developed nations
Answer» C. Poor roads
Discussion
5.

A set of alternative commodity bundles that a person can command in a society using the totality of rights and opportunities that he possesses is known as ?
A. Production possibilities
B. entitlement
C. income distribution
D. egalitarianism
Answer» B. entitlement
Discussion
6.

Most of Latin America has been characterized by ______ large land-grand estates owned by the few and ________ small poor holdings that rarely provide adequate employment for a family ?
A. multitudinous latitudinous
B. latifundios, minifundios
C. feudum, nocere
D. grameen, repetto
Answer» C. feudum, nocere
Discussion
7.

Which of the following is not a consequence of growing agricultural commercialization ?
A. An increase in the number of landless laborers
B. An increase in rural poverty
C. Women gain in decision making power
D. Workers nutrition is reduced
Answer» D. Workers nutrition is reduced
Discussion
8.

Which of the following is a form of urban bais ?
I- Government may set price floors on food and price ceilings for industrial goods
II- Tax incentive and subsidies to infant industry
III- Tariff and quota protection for industry
IV- Spending more for education training housing, health and transport in urban areas than in rural areas.
A. I, II , III only
B. I, II and IV only
C. II, III and IV only
D. I, II, III and IV
Answer» D. I, II, III and IV
Discussion
9.

Which of the following is not a major factor raising LDC agricultural labor productivity ?
A. new biological chemical mechanical inputs in production
B. new technical and organizational knowledge from greater specialization
C. expanded markets for agricultural output
D. massive government intervention
Answer» E.
Discussion
10.

Which index combines measures of calorie availability (in relation to requirement) the growth of per capita daily energy supply food production food staples self-sufficiency, and variability of food production and consumption ?
A. food sufficiency index
B. food security index
C. food self-intake index
D. food growth index
Answer» C. food self-intake index
Discussion
11.

Which of the following colonial policy contribute further to today’s agricultural underdevelopment in Africa ?
I. Colonial governments compelled farmers to grow selected crops
II. Colonialism often changed traditional land tenure systems from individual control to communal
III. Colonialists failed to train African agricultural scientists and managers
IV. Research and development concentrated on food production and small farmers and herders.
A. I and II only
B. I and III only
C. III and IV only
D. II and III only
Answer» D. II and III only
Discussion
12.

Which of the following is not true about the specialized farm ?
A. Such a farm is the most advanced
B. Such a farm usually emphasizes
C. Such a farm is labor intensive
D. Such a farm uses advanced technology and takes advantage of economies of scale.
Answer» D. Such a farm uses advanced technology and takes advantage of economies of scale.
Discussion
13.

Which scholar argues the following Plantations have no significant advantage over peasants [for] crops for which centralized processing and marketing are not necessary Cocoa and coconuts are typical examples of a lack of large scale economies Peasants can grow and process these crops in small lots with no large capital requirement beyond small indigenous tools and facilities ?
A. Yujiro Hayami
B. Raanan Weitz
C. Hans Singer
D. Tim Dyson
Answer» B. Raanan Weitz
Discussion
14.

Which of the following is not true about most farmers in LDCs ?
A. The staple crop is the chief sources of food
B. labor is underutilized except for planting and harvesting seasons
C. On the traditional farm, output is always greater than consumption
D. cultivators farm only as much land as their
Answer» E.
Discussion