All Free Agriculture MCQs with Answers
Every Agriculture question in the bank, across all chapters, each with the correct answer and a written explanation. Free and unlimited, with no account needed.
2,315 questions · page 4 of 116
- A. Unanticipated
- B. Deflation
- C. Stagflation
- D. Dearness
Explanation: Inflation above the rate people expected is called unanticipated inflation, which can unexpectedly redistribute income between borrowers…
Correct answer: Unanticipated- A. Nominal profit
- B. Total revenue
- C. Both
- D. None
Explanation: Total revenue is the complete income a firm receives from sales, calculated as price multiplied by quantity sold.
Correct answer: Total revenue- A. None
- B. Tax
- C. lump-sum-tax
- D. Subsidy
Explanation: A subsidy is a financial payment, usually from the government, given to a firm or household without receiving a directly equivalent good…
Correct answer: Subsidy- A. Specialization
- B. speculation
- C. Fly over
- D. Capital flight
Explanation: Specialization means concentrating an individual’s, firm’s, region’s, or country’s resources on producing a limited range of goods or…
Correct answer: Specialization- A. Fixed deposit
- B. Saving deposit
- C. Capital deposit
- D. None
Explanation: A savings deposit earns interest and generally permits withdrawal on demand, although the bank may impose conditions or limits.
Correct answer: Saving deposit- A. Nominal rate of interest
- B. Economic rate of interest
- C. Pure rate of interest
- D. None
Explanation: The pure rate of interest is the basic risk-free, long-term interest rate before adjustments for risk, inflation, or market imperfections.
Correct answer: Pure rate of interest- A. Market and prices
- B. Competition
- C. Capital and laborers
- D. All
Explanation: In capitalism, markets coordinate buyers and sellers, while prices signal scarcity and guide production and consumption decisions.
Correct answer: Market and prices- A. Market demand
- B. Market equilibrium
- C. Market condition
- D. NoneHire Grant Writers
Explanation: The demand curve shows what buyers are willing to purchase and the supply curve shows what sellers are willing to offer.
Correct answer: Market equilibrium- A. Resource price
- B. Techniques of production
- C. All
- D. Taxes a subsidies
Explanation: Resource prices, production techniques, and taxes or subsidies all affect producers' willingness and ability to supply a product.
Correct answer: All- A. Say's law
- B. Keynes theory of supply
- C. NoneAccess Government Careers
- D. Law of supply
Explanation: The law of supply states that, other things remaining constant, quantity supplied rises when price rises and falls when price falls.
Correct answer: Law of supply- A. All of these
- B. Number of buyers in market
- C. Incomes
- D. Consumer tastes
Explanation: Consumer tastes, the number of buyers, and consumer incomes are all non-price determinants that shift the entire demand curve.
Correct answer: All of these- A. Perfect competition
- B. Imperfect competition
- C. Pure competition
- D. NoneTry Prep Courses
Explanation: Monopoly and oligopoly are forms of imperfect competition because sellers have market power and the conditions of perfect competition are…
Correct answer: Imperfect competition- A. Fixed capital
- B. Both A and B
- C. Human capital
- D. non of theseCompare Credit Cards
Explanation: Human capital is the stock of education, skills, training, and health embodied in people that increases their productive capacity.
Correct answer: Human capital- A. Import substitution
- B. Export substitution
- C. Autarchy
- D. Industrialization
Explanation: Import substitution is a policy of replacing imported consumer goods with domestically produced goods by encouraging local industries.
Correct answer: Import substitution- A. Rate or returns
- B. Internal rate or returns
- C. External rate or returns
- D. None
Explanation: The internal rate of return is the discount rate at which a project's net present value becomes zero, and it can be compared with the…
Correct answer: Internal rate or returns- A. IIIiteracy rate
- B. Children un education rate
- C. Dropout rate
- D. All
Explanation: The dropout rate is the proportion of students who leave or fail to complete a specified school cycle.
Correct answer: Dropout rate- A. Marginal returns
- B. Both
- C. Diminishing returns
- D. NoneAccess Government Careers
Explanation: The law of diminishing returns states that when one input is fixed, adding more units of a variable input will eventually reduce its…
Correct answer: Diminishing returns- A. Centralized planning
- B. Cognitive planning
- C. Circular flow model
- D. None
Explanation: Centralized planning is state determination of what goods will be produced and how resources will be allocated among competing uses.
Correct answer: Centralized planning- A. Capital account
- B. Cartel
- C. Buffer stock
- D. Capital account
Explanation: A cartel is an agreement among producers to restrict supply, allowing them to raise market prices and increase joint profits.
Correct answer: Cartel- A. Black market
- B. Capital stocks
- C. Buffer stocks
- D. Speculation
Explanation: Buffer stocks are reserves of commodities held to release during shortages or purchase during surpluses, thereby reducing price…
Correct answer: Buffer stocks