agricultural economics MCQs – Page 7

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

agricultural economics Mcqs

121. Urban migration is causing the labour force to grow at annual rates of _____________in LDC?
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A. 30-35%

B. 10-20%

C. 35-40%

D. 5-7%

122. An accounting item which increase the value of an asset___________________?
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A. Credit

B. Debit

C. None

D. Loan

123. In less developed nations economic dependency burden is__________________?
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A. 45 % of the population

B. 55 % of the population

C. 35 % of the population

D. 65 % of the population

124. In ___________________ we avoid value judgments and focus on facts?
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A. Normative economics

B. factual economics

C. Theoretical economics

D. Positive economics

125. Tax levied on production of specific product on quantity of product purchased ?
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A. All

B. Excise tax

C. Income tax

D. Sales tax

126. Stocks of commodities held by the countries or international organizations to moderate the commodities price fluctuations ?
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A. Capital stocks

B. Buffer stocks

C. Speculation

D. Black market

127. An analytic approach in which we move from facts to theory, from a particular to general is called____________________?
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A. Generalization

B. Deduction

C. Induction

D. Randomization

128. An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?
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A. Pure capitalism

B. Closed economy

C. Open economy

D. Command Economy

129. A process of production that uses a higher proportion of capital as compared to other factors of production ?
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A. Capital intensive technique

B. Labour intensive technique

C. Both a and b

D. None of these

130. Economics is the study of causes of material welfare was defined by___________________?
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A. Marshall

B. Marks

C. Robins

D. Adam Smith

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

B. Trade surplus

C. Trade deficit

D. Trade off

132. Rural based population in less developed countries (LDCs) ?
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A. 75%

B. 65 %

C. 45%

D. None

133. A market in which products are sold by firms and bought by households is_________________?
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A. None

B. Product market

C. Resource market

D. Consumer market

134. A schedule showing the amounts households plan to spend for consumer goods at different levels of disposable income is called________________?
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A. Saving schedule

B. Consumption schedule

C. None

D. Income schedule

135. Excess of total revenue over total costs_______________?
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A. Both

B. Scarcity rent

C. None

D. Producer surplus

136. People who are eager and able to work but for whom no suitable jobs are available?
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A. Disguised employment

B. Open unemployment

C. Unemployment

D. Under employment

137. In least developed nations dependent children are__________________?
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A. 50%

B. 60%

C. 90 %

D. 70%

138. Activities of central bank designed to influence financial variables such as money supply and interest rates?
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A. Fiscal policy

B. Economic policy

C. None

D. Monitory policy

139. Any system that features one price for sellers and another for buyers ?
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A. None

B. Dual price system

C. Ceiling pricing

D. Floor pricing

140. A firm which engages in in the busyness of banking_________________?
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A. World bank

B. None

C. State bank

D. Commercial bank

Showing 121 to 140 of 236 mcqs