Study desk with books and learning tools for subject-based MCQ preparation

Focused topic practice

agricultural economics MCQs

Practise focused agricultural economics questions with marked answers for exam preparation and subject revision.

agricultural economics Mcqs

1. The activity of buying or selling with the motive of later reselling or re buying for profit is called ?
0

A. Spillover

B. Specializing

C. Speculation

D. All

2. A tax levied on the cost of a board group of products______________________?
0

A. Consumer charge

B. Sales tax

C. None

D. Income tax

3. Failure to achieve full production is called ?
0

A. Under employment

B. Unplanned

C. None

D. Unemployment

4. An analytic approach in which we move from general to particular from theory to facts is_________________?
0

A. Deduction

B. Specification

C. Induction

D. None

5. An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?
0

A. Tacit collusion

B. Tariff

C. Subsidy

D. Tax

6. The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?
0

A. capital flight

B. capital account

C. capital deficit

D. All of these

7. A market in which products households sell and firms buy resources or the services of resources is__________________?
0

A. Consumer market

B. Resource market

C. Producer market

D. Product market

8. Failure to use all available economic resources to produce goods and services is called__________________?
0

A. Inflation

B. Deflation

C. Unemployment

D. Underemployment

9. Nominal income adjusted for inflation__________________?
0

A. Real income

B. Net income

C. None

D. Total income

10. A simplified picture of economic reality, an abstract generalization ?
0

A. None

B. Economic principle

C. Economic theory

D. Economic model

11. People both rural and urban who are working less than they could___________________?
0

A. Under employment

B. Partial employment

C. None

D. Open employment

12. Private or public debt owed to foreign citizens firms and institutions ?
0

A. External debt

B. Internal debt

C. Loan

D. None

13. Change in quantity demanded is______________________?
0

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

14. A market in which money of one nation can be used to purchase the money of other nation is called____________________?
0

A. Foreign exchange market

B. Money market

C. All of these

D. International market

15. Power of a good/ service to satisfy human desire/want is called____________________?
0

A. The point of satiety

B. Utility

C. Worth

D. All of these

16. The ability of Market forces to synchronize selling and buying decision to eliminate potential surpluses and shortages is known as_________________?
0

A. None

B. Rationing function of the price

C. Generalization

D. Specification

17. The absence of artificial barriers to trade among individuals and firms in different nations ?
0

A. Free trade

B. None

C. Trade union

D. Free economy

18. A compensation device through which workers receive part of their pay in the form of share of their employers profit___________________?
0

A. Labour saving scheme

B. Profit maximizing plan

C. Profit sharing plan

D. Labour laws

19. Meaningful statement about the economic behavior or the economy is called_______________________?
0

A. Economic theories

B. None

C. Economic principle

D. Both

20. The investment of private foreign funds in the economy of a developing nation?
0

A. Private foreign investment

B. Public investment

C. Both a and b

D. None of these

Previous Next

Showing 1 to 20 of 236 mcqs