Agriculture MCQs

Page No. 212

An economic plan that sets targets to cover all the major sectors of the national economy?


aCentralized plan


bComprehensive plan


cCommune


dNone


View Answer Comprehensive plan

An agreement among sellers of a commodity to set a common price or share their commodity market?


aOligopoly


bMonopoly


ccollusion


d All


View Answer Oligopoly

Cetris peribus stands for__________________?


aLet it be


b All else being equal


cSame as given before


dNone



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 ?


aConsumption economics


bConsumption function


cConsumption surplus


dConsumer demand


View Answer Consumption surplus

Excess utility over price derived by the consumers because of negative sloping demand curve ?


aProducer surplus


bConsumer surplus


c Marginal utility


d Demand surplus


View Answer Producer surplus

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


aCapital input ratio


bCapital output ratio


cCapital intensive ratio


dNone


View Answer Capital input ratio

Transfer of funds to a foreign country by a local citizen by business ?


aDumping


bAnti dumping


cCapital flight


dBrain


View Answer Capital flight

Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?


aCentral Bank


bState Bank


cBoth


dNone


View Answer State Bank

Increasing a country’s stock of real capital (net investment in fixed essels)__________________?


aCapital accumulation


bCapital dumping


cCapital stock


dNone


View Answer Capital accumulation

The emigration of highly skilled and educated professionals and technical man power from developing to developed countries?


aCapital flight


bImmigration


cBrain Drain


dAll


View Answer Brain Drain

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