agriculture MCQs – Page 227

Practise multiple-choice questions from agriculture for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

4521. Nominal income adjusted for inflation__________________?
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A. Real income

B. Net income

C. None

D. Total income

4522. A simplified picture of economic reality, an abstract generalization ?
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A. None

B. Economic principle

C. Economic theory

D. Economic model
4523. People both rural and urban who are working less than they could___________________?
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A. Under employment

B. Partial employment

C. None

D. Open employment

4524. Private or public debt owed to foreign citizens firms and institutions ?
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A. External debt

B. Internal debt

C. Loan

D. None

4525. Change in quantity demanded is______________________?
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A. None

B. Upward movement or shift of entire cure.

C. Movement from one point to the other on the same demand curve

D. Shift of the demand curve to left side

4526. A market in which money of one nation can be used to purchase the money of other nation is called____________________?
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A. Foreign exchange market

B. Money market

C. All of these

D. International market

4527. Power of a good/ service to satisfy human desire/want is called____________________?
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A. The point of satiety

B. Utility

C. Worth

D. All of these

4528. The ability of Market forces to synchronize selling and buying decision to eliminate potential surpluses and shortages is known as_________________?
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A. None

B. Rationing function of the price

C. Generalization

D. Specification

4529. The absence of artificial barriers to trade among individuals and firms in different nations ?
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A. Free trade

B. None

C. Trade union

D. Free economy

4530. A compensation device through which workers receive part of their pay in the form of share of their employers profit___________________?
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A. Labour saving scheme

B. Profit maximizing plan

C. Profit sharing plan

D. Labour laws

4531. Meaningful statement about the economic behavior or the economy is called_______________________?
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A. Economic theories

B. None

C. Economic principle

D. Both
4532. The investment of private foreign funds in the economy of a developing nation?
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A. Private foreign investment

B. Public investment

C. Both a and b

D. None of these

4533. The amount by which a nations import of goods (or goods and services) exceeds its export of goods or goods and services is________________?
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A. None

B. Trade surplus

C. Trade bloc

D. Trade deficit
4534. Yearly number of live births per 1000 population is termed as_________________?
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A. Infant birth rate

B. All

C. Crude birth rate

D. Live birth rate

4535. In________________ economics we look at desirability of certain aspects of the economy ?
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A. Theoretical

B. Positive

C. None

D. Normative
4536. The total amount by the federal govt. of the owner of the govt. securities is called___________________?
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A. None

B. Public finance

C. Public good

D. Public debt
4537. __________________provides an overview of the operation of the capitalist system ?
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A. Income budget line

B. Circular flow model

C. Says law

D. Indifference curve

4538. The number of children who die before their first birthday out of every 1,000 live births?
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A. All

B. Infant mortality rate

C. Crude mortality rate

D. Children mortality rate

4539. An individuals demand curve is down sloping because_____________________?
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A. P & D are directly related

B. None

C. There is no relation bet P & D

D. Price and quantity demanded are inversely related
4540. Technologies that by design produce less waste and use resources more efficiently ?
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A. Innovative technology

B. Productive technology

C. Efficient technology

D. Clean technologies