agricultural economics MCQs – Page 12

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

agricultural economics Mcqs

221. A federal budget deficit caused by a recession and a consequent decline in tax revenues ?
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A. Annual deficit

B. Anticipated deficit

C. None

D. Cyclical deficit

222. The sum of interest payments and repayment of principal on external public and public ally guarantee debt?
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A. Debt renegotiation

B. Debt repudiation

C. Debt service

D. Debt rescheduling

223. Situation in which govt. intervention in an economy worsens outcomes__________________?
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A. Govt. failure

B. Govt. inefficiency

C. Market perfection

D. None

224. In LDC children under age of 15 years are ___________% of the total population?
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A. 50%

B. 80%

C. None

D. 40 %

225. Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?
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A. None

B. Money lender

C. National income

D. Money supply

226. The rate of exchange of one nations currency for another nations currency?
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A. Exchange rate determinant

B. None of these

C. Exchange rate appreciation

D. Exchange rate depreciation

227. A summary statement of a nations financial transactions with the outside world ?
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A. Balance of payments

B. Trade off

C. Both a and b

D. None

228. Noble prize of Economics in 1979 was awarded to________________?
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A. W. Arthur Lewis

B. Theodore Schultz

C. Both a and b

D. None

229. A countrys potential for economic growth is greatly influenced by its endowments of__________________?
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A. Physical resources

B. Human resources

C. Both a and b

D. None of these

230. A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?
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A. Perfect competition

B. Oligopoly

C. None

D. Monopoly

231. Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?
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A. Central Bank

B. None

C. Both

D. State Bank

232. Transfer of funds to a foreign country by a local citizen by business ?
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A. Dumping

B. Anti dumping

C. Brain

D. Capital flight

233. A type of unemployment used by workers voluntarily changing jobs and by temporary layoffs; unemployment workers between jobs?
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A. Frictional employment

B. None of these

C. Temporary unemployment

D. Underemployment

234. An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?
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A. Declining industry

B. None of these

C. Increasing cost industry

D. Decreasing cost industry

235. The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?
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A. None

B. Partial substitution

C. Currency devaluation

D. Currency substitution

236. Economic model describing growth of the economy on one or at most a few sectors and variables?
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A. Functional growth model

B. Aggregate growth model

C. None

D. Formal growth model

Showing 221 to 236 of 236 mcqs