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 6 of 116
- A. None of these
- B. Public investment
- C. Both a and b
- D. Private foreign investment
Explanation: Funds supplied by foreign private individuals, firms, or institutions for investment in a developing country are called private foreign…
Correct answer: Private foreign investment- A. Publication
- B. Privatization
- C. Downsizing
- D. All
Explanation: Privatization means transferring ownership or control of government assets and enterprises to private individuals or businesses.
Correct answer: Privatization- A. Indifference curve
- B. Lorenz curve
- C. Budget line
- D. Say's law
Explanation: A budget line shows the combinations of two goods that a consumer can afford with a fixed income at given prices.
Correct answer: Budget line- A. Sales tax
- B. All
- C. Income tax
- D. Excise tax
Explanation: An excise tax is imposed on particular goods, often according to the quantity produced or purchased, such as fuel, tobacco, or alcohol.
Correct answer: Excise tax- A. External debt
- B. Internal debt
- C. Loan
- D. None
Explanation: Debt owed to foreign citizens, firms, governments, or institutions is external debt because the creditors are outside the country.
Correct answer: External debt- A. Large scale production
- B. Fringe benefits
- C. Full production
- D. None
Explanation: Full production means using available resources and employment capacity to produce the maximum possible amount of goods and services.
Correct answer: Full production- A. NoneEconomics
- B. Free economy
- C. Trade union
- D. Free trade
Explanation: Free trade means international exchange without artificial restrictions such as tariffs, quotas, or prohibitions.
Correct answer: Free trade- A. Inflation
- B. Dearnen
- C. Both
- D. None
Explanation: Inflation is a sustained rise in the general price level, which reduces the purchasing power of money.
Correct answer: Inflation- A. Lorenz curve
- B. Indifference curve
- C. Income budget line
- D. Investment damage curve
Explanation: The Lorenz curve displays the actual distribution of income or wealth by comparing cumulative population with cumulative income.
Correct answer: Lorenz curve- A. IMF
- B. Islamic Bank
- C. None
- D. Commercial bank
Explanation: The institution normally described here is the World Bank, particularly the International Bank for Reconstruction and Development, which…
Correct answer: None- A. Co-operative
- B. Partnership
- C. None
- D. Corporation
Explanation: A corporation is a separate legal entity created under state or federal law, so it owns property and bears liabilities independently of…
Correct answer: Corporation- A. Current account
- B. Fixed account
- C. Saving account
- D. Capital account
Explanation: The current account records trade in goods and services together with primary income, such as investment income, and current transfers.
Correct answer: Current account- A. Under employment
- B. Cyclical unemployment
- C. Underdevelopment
- D. None
Explanation: Cyclical unemployment results from inadequate aggregate demand during economic downturns, when firms reduce production and employment.
Correct answer: Cyclical unemployment- A. Economic theory
- B. Economic principle
- C. Economic model
- D. NoneEconomics
Explanation: An economic model is a simplified, abstract representation of economic reality used to explain relationships and make predictions.
Correct answer: Economic model- A. Economic integration
- B. Economic Bloc
- C. Economic union
- D. none
Explanation: Economic integration is the process by which countries reduce barriers and coordinate or unify aspects of their economies.
Correct answer: Economic integration- A. Declining industry
- B. Decreasing cost industry
- C. Both
- D. None
Explanation: A decreasing-cost industry experiences lower production costs as industry output and the number of firms expand, usually because of…
Correct answer: Decreasing cost industry- A. Inflation
- B. Cheapness
- C. Devaluation
- D. All
Explanation: Devaluation is an official reduction in the value of a country's currency against other currencies.
Correct answer: Devaluation- A. None
- B. Stagflation
- C. Both
- D. Demand pull inflation
Explanation: Demand-pull inflation occurs when aggregate demand rises beyond the economy's current output capacity, allowing sellers to raise prices.
Correct answer: Demand pull inflation- A. Unemployment
- B. Under employment
- C. Unplanned
- D. None
Explanation: Underemployment means available resources, especially labour, are not being used to their full productive capacity.
Correct answer: Under employment- A. Trade block
- B. Trade union
- C. Trade offs
- D. All
Explanation: A trade-off is the sacrifice of one objective, good, or service to obtain more of another because resources are limited.
Correct answer: Trade offs