agricultural economics Mcqs
201. Increase in the price level at a rate greater than expected ?
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A. Stagflation

B. Deflation

C. Dearness

D. Unanticipated
202. Proportion of school aged children who dont complete a particular school cycle ?
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A. All

B. IIIiteracy rate

C. Dropout rate

D. Children un education rate

203. Total amount of income necessary to raise everyone who is below the poverty line up to that line ?
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A. Poverty gap

B. Subsistence income

C. Absolutely poverty

D. None

204. A term used by ILO to describe the basic goods and services necessary for a minimum standard of living ?
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A. Basic needs

B. Gini co-efficient

C. Poverty line

D. None

205. All seem fully employed but in reality much of their time is spent in unproductive activities?
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A. Disguised underemployment

B. None

C. Underemployment

D. Closed underemployment

206. Productive investments embodied in human persons?
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A. Fixed capital

B. Human capital

C. Both A and B

D. non of these

207. Index measuring deprivation in basic human development in a country ?
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A. None

B. Human deprivation index

C. Human poverty index

D. Human development index

208. The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?
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A. Economic cost

B. Implicit cost

C. Explicit cost

D. Nominal cost

209. The emigration of highly skilled and educated professionals and technical man power from developing to developed countries?
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A. Capital flight

B. Immigration

C. All

D. Brain Drain
210. Determinant of supply is__________________?
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A. All

B. Resource price

C. Taxes a subsidies

D. Techniques of production

211. Any financial institution that serves to channel loan able funds savers to borrowers?
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A. Both

B. IMF

C. Financial intermediary

D. None

212. The part of the urban economy of LDCs characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?
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A. Informal sector

B. Informal finance

C. Formal sector

D. Formal finance

213. Rural based population in developed countries___________________?
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A. 35%

B. 27 %

C. 50%

D. 42%

214. A course of action indented to correct or avoid a problem_________________?
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A. Economic policy

B. Economic principle

C. Economic rationale

D. Economic phenomena

215. Aggregate inequality measures that can vary anywhere from O (perfect equality) to 1 (perfect inequality) are given by________________?
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A. None

B. Rostows model

C. Lewis theory

D. Gini co-efficient
216. International resources shared by all countries e.g ocean, air etc?
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A. Global environment facility

B. Global commons

C. None

D. Global reserves

217. Nonproductive members of society are referred to as___________________?
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A. None of these

B. Society wastes

C. Society burden

D. Economic dependency burden
218. Rates of open unemployment in developing world average ?
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A. 20-40%

B. 35-45%

C. 40-60%

D. 8-15%
219. All international changes in ownership of merchandise passing across the customs borders of trading countries?
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A. Merchandise imports and exports

B. International trade laws

C. Merchandise trade balance

D. Trade barriers

220. Building of new factories in particular nation by corporations of other nations ?
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A. Economies of scale

B. Profit maximization rule

C. Discrimination

D. Direct foreign investment
221. A federal budget deficit caused by a recession and a consequent decline in tax revenues ?
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A. Annual deficit

B. Anticipated deficit

C. None

D. Cyclical deficit
222. The sum of interest payments and repayment of principal on external public and public ally guarantee debt?
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A. Debt renegotiation

B. Debt repudiation

C. Debt service

D. Debt rescheduling

223. Situation in which govt. intervention in an economy worsens outcomes__________________?
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A. Govt. failure

B. Govt. inefficiency

C. Market perfection

D. None

224. In LDC children under age of 15 years are ___________% of the total population?
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A. 50%

B. 80%

C. None

D. 40 %
225. Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?
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A. None

B. Money lender

C. National income

D. Money supply

226. The rate of exchange of one nations currency for another nations currency?
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A. Exchange rate determinant

B. None of these

C. Exchange rate appreciation

D. Exchange rate depreciation

227. A summary statement of a nations financial transactions with the outside world ?
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A. Balance of payments

B. Trade off

C. Both a and b

D. None

228. Noble prize of Economics in 1979 was awarded to________________?
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A. W. Arthur Lewis

B. Theodore Schultz

C. Both a and b

D. None

229. A countrys potential for economic growth is greatly influenced by its endowments of__________________?
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A. Physical resources

B. Human resources

C. Both a and b

D. None of these

230. A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?
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A. Perfect competition

B. Oligopoly

C. None

D. Monopoly

231. Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?
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A. Central Bank

B. None

C. Both

D. State Bank
232. Transfer of funds to a foreign country by a local citizen by business ?
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A. Dumping

B. Anti dumping

C. Brain

D. Capital flight
233. A type of unemployment used by workers voluntarily changing jobs and by temporary layoffs; unemployment workers between jobs?
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A. Frictional employment

B. None of these

C. Temporary unemployment

D. Underemployment

234. An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?
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A. Declining industry

B. None of these

C. Increasing cost industry

D. Decreasing cost industry

235. The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?
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A. None

B. Partial substitution

C. Currency devaluation

D. Currency substitution

236. Economic model describing growth of the economy on one or at most a few sectors and variables?
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A. Functional growth model

B. Aggregate growth model

C. None

D. Formal growth model