agricultural economics MCQs – Page 10

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

agricultural economics Mcqs

181. Discount rate that causes a project to have a net present value of zero used to rank projects in comparison with market rates of interest?
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A. Internal rate or returns

B. None

C. Rate or returns

D. External rate or returns

182. An accounting item which decreases the value of an asset___________________?
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A. None

B. Debit

C. Depreciation

D. Credit

183. The coordinating mechanism of capitalism is a system of___________________?
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A. All

B. Market and prices

C. Capital and laborers

D. Competition

184. A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?
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A. Industrialization

B. Autarchy

C. Import substitution

D. Export substitution

185. Agriculture contribution in GNP of developing nations?
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A. 14 %

B. 50%

C. 35%

D. 20%

186. A labour union which limits its membership to workers with a particular skill ?
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A. None

B. Credit union

C. Craft union

D. Labour union

187. An ownership share in a corporation___________________?
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A. None

B. Corporation

C. Stock

D. Both

188. The currency of a major industrial country, such as the U.S dollar___________________?
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A. Stable currency

B. None

C. Main currency

D. Hard currency

189. A demand curve shifts because of change is_____________________?
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A. Incomes

B. Number of buyers in market

C. All of these

D. Consumer tastes

190. A debit which monitory value, an amount awed by a firm or an individual___________________?
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A. Liability

B. Logrolling

C. Lockout

D. None

191. A barrier to the attainment of a set target in a particular period of time?
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A. Economic integration

B. Economic constraint

C. None

D. Economic inefficient

192. The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ?
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A. None

B. Diminishing returns

C. Both

D. Marginal returns

193. The intersection of the supply curve and demand curve indicates ?
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A. Market condition

B. Market equilibrium

C. Market demand

D. None

194. An essentially risk free, long term interest rate which is free of the influence of market imperfections?
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A. None

B. Economic rate of interest

C. Nominal rate of interest

D. Pure rate of interest

195. Loans not passed through formal banking system e.g. family loans?
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A. Informal finance

B. Long term loans

C. Med term loans

D. Formal finance

196. Group of LDC debtors who join together to bargain as a group with creditors?
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A. Economic union

B. Debtors commune

C. None

D. Debtors cartel

197. An economic plan that sets targets to cover all the major sectors of the national economy?
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A. Centralized plan

B. None

C. Commune

D. Comprehensive plan

198. The core value of development is________________?
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A. Sustenance

B. Freedom

C. All

D. Self esteem

199. The study process by which a productive capacity of the economy is increased over time to bring about raising levels of national output and income?
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A. Development

B. Economic growth

C. Economic integration

D. All

200. Any resource whose quantity can not be changed by a firm in the short run_______________?
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A. Economic resource

B. Variable resource

C. Available resource

D. Fixed resource

Showing 181 to 200 of 236 mcqs