agriculture MCQs – Page 229

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 Review each marked answer and report any item that may be outdated or unclear.

4561. An asset set aside for future use is termed as_______________________?
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A. Future planning

B. None

C. Store of value

D. Speculation

4562. A type of unemployment caused by insufficient total spending___________________?
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A. Cyclical unemployment

B. Under employment

C. None

D. Underdevelopment

4563. A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?
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A. Co-operative

B. Corporation

C. Partnership

D. None

4564. A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is__________________?
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A. Micro economic

B. Macroeconomic

C. Normative economic

D. Positive economic

4565. A curve showing the distribution of income in an economy___________________?
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A. Investment damage curve

B. Income budget line

C. Lorenz curve

D. Indifference curve

4566. A commercial bank authorized by state govt. to engage in business of banking ?
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A. State Bank

B. None

C. Business authorized bank

D. National Bank

4567. A technological innovation that increase the production while using the same capital input?
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A. Production intensive technique

B. Capital saving technological process

C. Capital intensive technique

D. None

4568. Productive efficiency means___________________?
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A. Producing the desired ones only

B. None

C. Producing all output combinations in the least costly way

D. Producing the specific output mix most desired by society

4569. Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?
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A. Economics of scale

B. Economics of mass production

C. Both of these

D. None of these

4570. Hitler introduced ?
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A. Command economy

B. Traditional economy

C. Authoritarian economy

D. Mixed economy

4571. The extreme case of physical resource endowment is ________________?
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A. Gulf oil states

B. USSR

C. South Africa

D. United states America

4572. All goods and services produced in a country in one year are called its__________________?
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A. GNP

B. GDP

C. None of these

D. NDP

4573. A measure of average output or real output per unit of input is called____________________?
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A. Productivity

B. None

C. Efficiency

D. Production

4574. Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?
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A. None

B. Both

C. Stagflation

D. Demand pull inflation
4575. An increase either in real output (GDP) or in real output per capita is called___________________?
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A. Economic efficiency

B. Economic development

C. Economic growth

D. Growth rate

4576. The total amount buyers of goods and services sped or plan to spend____________________?
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A. Total spending

B. Aggregate spending

C. Both a and b

D. None

4577. The private ownership of resources and use of a system of market and prices to coordinate and direct economic activity________________?
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A. Pure capitalism

B. Both

C. None

D. Iaissez faire capital

4578. structural transformation of primary subsistence economy for economic development war proposed by ?
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A. Keynes

B. Rostow

C. Arthur Lewis

D. Carl Marx

4579. An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?
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A. Factory

B. None

C. Company

D. Firm
4580. A measure of the real purchasing power of the community ?
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A. All

B. Total expenditure

C. Total effective demand

D. Aggregate demand