agriculture MCQs – Page 230

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 Review each marked answer and report any item that may be outdated or unclear.

4585. Any point inside the production possibility curve represents ?
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A. Unemployment

B. Failure to achieve productive efficiency

C. Both A. and B.

D. None of these

4589. Upward shift of the demand curve is due to_________________?
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A. Decrease in quantity demanded

B. Increase in demand

C. Changing in quantity demanded

D. None

4597. Allocative efficiency is__________________?
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A. None

B. Producing the specific output mix most desired by society

C. Producing all output combinations in least costly way

D. Producing the desired things

4598. A legally determined price above the equilibrium price is__________________?
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A. None

B. Ceiling price

C. Equilibrium price

D. Floor price
4600. From of central bank that issues domestic currency for foreign exchange at fixed rates ?
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A. Commercial Bank

B. State Bank

C. Stock exchange

D. Currency board