agricultural economics MCQs – Page 9

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

agricultural economics Mcqs

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 An interest bearing deposit which normally can be withdrawn by the depositor at any time ?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

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