agricultural economics MCQs – Page 11

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

agricultural economics Mcqs

201. Increase in the price level at a rate greater than expected ?
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A. Stagflation

B. Deflation

C. Dearness

D. Unanticipated

202. Proportion of school aged children who dont complete a particular school cycle ?
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A. All

B. IIIiteracy rate

C. Dropout rate

D. Children un education rate

203. Total amount of income necessary to raise everyone who is below the poverty line up to that line ?
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A. Poverty gap

B. Subsistence income

C. Absolutely poverty

D. None

204. A term used by ILO to describe the basic goods and services necessary for a minimum standard of living ?
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A. Basic needs

B. Gini co-efficient

C. Poverty line

D. None

205. All seem fully employed but in reality much of their time is spent in unproductive activities?
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A. Disguised underemployment

B. None

C. Underemployment

D. Closed underemployment

206. Productive investments embodied in human persons?
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A. Fixed capital

B. Human capital

C. Both A and B

D. non of these

207. Index measuring deprivation in basic human development in a country ?
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A. None

B. Human deprivation index

C. Human poverty index

D. Human development index

208. The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?
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A. Economic cost

B. Implicit cost

C. Explicit cost

D. Nominal cost

209. The emigration of highly skilled and educated professionals and technical man power from developing to developed countries?
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A. Capital flight

B. Immigration

C. All

D. Brain Drain

210. Determinant of supply is__________________?
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A. All

B. Resource price

C. Taxes a subsidies

D. Techniques of production

211. Any financial institution that serves to channel loan able funds savers to borrowers?
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A. Both

B. IMF

C. Financial intermediary

D. None

212. The part of the urban economy of LDCs characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?
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A. Informal sector

B. Informal finance

C. Formal sector

D. Formal finance

213. Rural based population in developed countries___________________?
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A. 35%

B. 27 %

C. 50%

D. 42%

214. A course of action indented to correct or avoid a problem_________________?
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A. Economic policy

B. Economic principle

C. Economic rationale

D. Economic phenomena

215. Aggregate inequality measures that can vary anywhere from O (perfect equality) to 1 (perfect inequality) are given by________________?
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A. None

B. Rostows model

C. Lewis theory

D. Gini co-efficient

216. International resources shared by all countries e.g ocean, air etc?
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A. Global environment facility

B. Global commons

C. None

D. Global reserves

217. Nonproductive members of society are referred to as___________________?
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A. None of these

B. Society wastes

C. Society burden

D. Economic dependency burden

218. Rates of open unemployment in developing world average ?
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A. 20-40%

B. 35-45%

C. 40-60%

D. 8-15%

219. All international changes in ownership of merchandise passing across the customs borders of trading countries?
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A. Merchandise imports and exports

B. International trade laws

C. Merchandise trade balance

D. Trade barriers

220. Building of new factories in particular nation by corporations of other nations ?
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A. Economies of scale

B. Profit maximization rule

C. Discrimination

D. Direct foreign investment

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