agricultural economics Mcqs
151. Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?
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A. Keynes theory of supply

B. None

C. Says law

D. Law of supply
152. A households or firms income in the form of goods or services ?
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A. Extra income

B. Income in kind

C. None

D. Fixed income
153. The annual amount that a borrower must pay a lender over an above the total borrowed ?
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A. Interest rated

B. Loan

C. Interest

D. None

154. Total number of monetary units received by a firm from the sale of a product is called___________________?
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A. Total revenue

B. None

C. Nominal profit

D. Both

155. Changing the term of existing loan________________?
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A. Debt repudiation

B. All

C. Debt transformation

D. Debt renegotiation

156. A good and service is indivisible and to which the exclusion principle does apply is called_________________?
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A. Public good

B. Public service

C. Public finance

D. Public debt

157. The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?
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A. Depreciation

B. Rightsizing

C. All

D. Downsizing

158. Increasing a countrys stock of real capital (net investment in fixed essels)__________________?
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A. Capital stock

B. Capital dumping

C. Capital accumulation

D. None

159. What percentage of Agriculture in GDP?
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A. 20.9

B. 21.5

C. 18.5

D. 19.8

160. Gradual pay off a loan principle ?
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A. Amortization

B. AID

C. Hierarchically

D. Autarchy

161. The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?
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A. Growth

B. Economic growth

C. All

D. Development

162. Monopoly and oligopoly are the examples of___________________?
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A. Pure competition

B. None

C. Imperfect competition

D. Perfect competition

163. An index measuring national socioeconomic development based on measures of life expectancy at birth, educational attainment and adjusted per capital income ?
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A. None

B. Headcount index

C. Human development index

D. Human poverty index
164. Urban population is developed nations?
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A. none

B. 67%

C. 80%

D. 74 %
165. Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?
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A. Allocative efficiency

B. All

C. Productive efficiency

D. Economic efficiency

166. An interest bearing deposit which normally can be withdrawn by the depositor at any time ?
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A. Capital deposit

B. None

C. Fixed deposit

D. Saving deposit
167. he yearly number of children born alive per 1,000 women within a chil bearing age bracket?
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A. Expectancy rate

B. Crude birth rate

C. Birth rate

D. Fertility rate

168. The responsiveness of the quantity demand of a commodity to change in the consumers income, measured by the proportionate change in quantity divided by the proportionate change in income ?
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A. Elasticity of demand

B. Income elasticity of demand

C. None

D. Import substitution

169. Number of peoples and their level of skills is called as________________?
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A. Human resources

B. Capital resources

C. None

D. Physical resources

170. The implicit change in real income resulting from the effects of a change in a commoditys price on quantity demand?
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A. Substitution effect

B. Labour effect

C. Income effect

D. All

171. In developed countries manufactured goods are about ________________% of total export?
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A. 90%

B. 82 %

C. 57%

D. 60%

172. The tricks of economic growth and development are simply a matter of increasing national savings and investment. Is a simplest form of?
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A. Rostow growth stages

B. None

C. Keynesian development theory

D. Harod-Domar growth model
173. A group of firms which produces identical or similar products__________________?
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A. Company

B. Plant

C. Organization

D. Industry
174. The payment for the use of borrowed funds _____________?
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A. Interest

B. Both

C. None

D. Loan
175. A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?
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A. lump-sum-tax

B. Tax

C. Subsidy

D. None

176. The role of power in economic decision making is studied in________________?
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A. Political economics

B. None of these

C. Traditional economics

D. Development economics

177. An agreement among sellers of a commodity to set a common price or share their commodity market?
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A. All

B. Oligopoly

C. collusion

D. Monopoly

178. Excess utility over price derived by the consumers because of negative sloping demand curve ?
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A. Marginal utility

B. Demand surplus

C. Consumer surplus

D. Producer surplus
179. The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
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A. speculation

B. Fly over

C. Capital flight

D. Specialization
180. Advantage that occurs to individual or society as a whole as a result of increase in the consumption of certain types of goods or services by other individuals ?
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A. Consumption economics

B. Consumption surplus

C. Consumption function

D. Consumer demand

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