agricultural economics MCQs – Page 2

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

agricultural economics Mcqs

21. The amount by which a nations import of goods (or goods and services) exceeds its export of goods or goods and services is________________?
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A. None

B. Trade surplus

C. Trade bloc

D. Trade deficit

22. Yearly number of live births per 1000 population is termed as_________________?
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A. Infant birth rate

B. All

C. Crude birth rate

D. Live birth rate

23. In________________ economics we look at desirability of certain aspects of the economy ?
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A. Theoretical

B. Positive

C. None

D. Normative

24. The total amount by the federal govt. of the owner of the govt. securities is called___________________?
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A. None

B. Public finance

C. Public good

D. Public debt

25. __________________provides an overview of the operation of the capitalist system ?
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A. Income budget line

B. Circular flow model

C. Says law

D. Indifference curve

26. The number of children who die before their first birthday out of every 1,000 live births?
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A. All

B. Infant mortality rate

C. Crude mortality rate

D. Children mortality rate

27. An individuals demand curve is down sloping because_____________________?
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A. P & D are directly related

B. None

C. There is no relation bet P & D

D. Price and quantity demanded are inversely related

28. Technologies that by design produce less waste and use resources more efficiently ?
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A. Innovative technology

B. Productive technology

C. Efficient technology

D. Clean technologies

29. Total money income received by the individual or recipients of income is called____________________?
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A. Gross income

B. None of above

C. Net income

D. Personal income

30. Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?
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A. Economizing problem

B. Economic planning

C. Fiscal policy

D. None

31. The total revenue of a film less all its economic costs is called_____________________?
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A. Pure Profit

B. Above normal Profit

C. All these

D. Economy Profit

32. The portion of economy consisting of Agriculture, Forestry, Hunting and Fishing ?
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A. Rural sector

B. All

C. Farm economy

D. Agricultural sector

33. Amount of other products which must be foregone or sacrificed to obtain 1 unit of a specific good is called its______________?
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A. Economic cost

B. None

C. Opportunity cost

D. Real cost

34. The branch of economics which analyze govt. revenues and expenditures is__________________?
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A. Public finance

B. Public revenue

C. None

D. Public good

35. A supply curve shifts because of change in_____________________?
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A. The price of the related products

B. Technology

C. Both a and b

D. None of these

36. In developed countries children are.% of the total population ?
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A. 21 %

B. 16%

C. 62%

D. 35%

37. The monetary payment a firm must make to an outsider to obtain a resource____________________?
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A. Explicit cost

B. Net cost

C. Implicit cost

D. Total cost

38. The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product____________________?
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A. Value of money

B. Vertical range

C. Value added

D. None

39. An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?
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A. None

B. Closed economy

C. Command economy

D. Open economy

40. A section in a nations international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?
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A. Saving account

B. Capital account

C. Fixed account

D. Current account

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