agriculture MCQs – Page 231

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 Review each marked answer and report any item that may be outdated or unclear.

agriculture Mcqs

1. soil science 2. agronomy 3. entomology 4. water management 5. horticulture 6. agricultural economics 7. plant pathology 8. food technology 9. animal husbandry 10. plant breeding and genetics

4601. Agriculture contribution in GNP of developing nations ?
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A. 3 %

B. 13%

C. 21%

D. 15%

4602. Using part of income/saving for more income is called_________________?
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A. Consumption

B. Investment

C. Entrepreneurship

D. Busyness

4603. Selling public assets to individuals or private business interests ?
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A. Downsizing

B. Privatization

C. Publication

D. All

4604. Employment available resources so that the maximum amount of goods and services is produced?
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A. Fringe benefits

B. Large scale production

C. None

D. Full production

4605. The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?
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A. Trade surplus

B. Trade Balance

C. Trade deficit

D. None

4606. An institution or mechanism which brings together buyers and sellers is called____________________?
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A. Product Market

B. Market

C. None

D. Resource Market

4607. A particular set of institutional arrangement and a coordinating mechanism is___________________?
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A. Economic system

B. Mixed system

C. Fascism

D. None

4608. An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?
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A. Decreasing cost industry

B. None

C. Both

D. Declining industry

4609. A rise in the general level of prices in an economy___________________?
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A. Dearnen

B. Both

C. None

D. Inflation

4610. A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price?
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A. Indifference curve

B. Budget line

C. Says law

D. Lorenz curve

4611. To charge different prices for the goods of the same standard is called___________________?
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A. Prices elasticity

B. Oligopoly

C. Prices discrimination

D. Prices differentiation

4612. A condition when there is excessive produce in the market which lowers down the price is called__________________?
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A. Perfect market

B. All of these

C. Market glut

D. Imperfect market

4613. Labour force engage in Agriculture in economically developed nations ?
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A. 5%

B. 2%

C. 15%

D. 10%

4614. An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?
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A. Cartel

B. Buffer stock

C. Capital account

D. Capital account

4615. In richer nations children are______________% of the dependents?
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A. 45%

B. 66 %

C. 60%

D. 70%

4616. Production possibility curve is always concave because ?
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A. The curve gets steeper as we move downward

B. Resources are scarce

C. In reflects the law of increasing opportunity cost

D. The marginal benefit decreases as more of a good is consumed

4617. The attainment of literacy, arithmetic competence and elementary vocational skills ?
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A. All

B. Basic education

C. Primary education

D. Basic qualifications

4618. A closed economy that attempts to be completely self-reliant ?
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A. Autarchy

B. Amortization

C. None

D. Command economy

4619. A decrease in the governmentally defined value of currency ____________________?
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A. Inflation

B. Devaluation

C. All

D. Cheapness

4620. A tax imposed by a nation on an imported good is called_________________?
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A. Net profit

B. GNP

C. Foreign exchange

D. Tariff

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