agricultural economics MCQs – Page 8

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

agricultural economics Mcqs

141. Recurring increase and decrease in the level of economic activity over periods of years?
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A. Both

B. Cyclic flow

C. None

D. Business cycle

142. A tax which is a constant amount at all levels of GDP is termwd as ?
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A. Lump sum tax

B. Surcharge

C. Fixed tax

D. None

143. A ratio that shows the unit of capital required to produce a unit of output over a given period of time?
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A. Capital output ratio

B. None

C. Capital input ratio

D. Capital intensive ratio

144. A cooperative farm or other collectively organized unit ?
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A. Corporation

B. Commune

C. All

D. Society

145. The increasing integration of national economies into expanding international market ?
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A. None

B. Randomization

C. Economic integration

D. Globalization

146. To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?
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A. Say law

B. Law of diminishing marginal utility

C. Law of diminishing return

D. Say law

147. The study of how economies are transformed from stagnation to growth and from low income to higher income status?
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A. All

B. Econometrics

C. Development economics

D. Development plan

148. A. Cetris peribus stands for__________________?
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A. All else being equal

B. Same as given before

C. Let it be

D. None

149. Year number of deaths per 1,000 population is called?
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A. None

B. Both

C. Death rates

D. Crude mortality rate

150. Income that is available to house holds for spending and saving after personal, income taxes have been deducted ?
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A. Net income

B. Saving

C. Disposable income

D. All

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

Showing 141 to 160 of 236 mcqs