Agriculture MCQs

Page No. 220

Changing the term of existing loan________________?


aDebt repudiation


bDebt renegotiation


cDebt transformation


d All


View Answer Debt repudiation

The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?


a Partial substitution


bCurrency substitution


cCurrency devaluation


dNone



The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ?


aMarginal returns


bDiminishing returns


cBoth


d None


View Answer Diminishing returns

The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?


a Growth


bEconomic growth


cDevelopment


dAll


View Answer Economic growth

A cooperative farm or other collectively organized unit ?


aCorporation


bCommune


cSociety


d All


View Answer Corporation

Technologies that by design produce less waste and use resources more efficiently


aClean technologies


bEfficient technology


cProductive technology


dInnovative technology


View Answer Efficient technology

From of central bank that issues domestic currency for foreign exchange at fixed rates ?


a Stock exchange


bCurrency board


c State Bank


dCommercial Bank


View Answer Stock exchange

Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?


aAmmunity


bCommune


cConsumption diseconomies


dNone of these


View Answer Commune

A technological innovation that increase the production while using the same capital input?


aCapital saving technological process


bProduction intensive technique


cCapital intensive technique


dNone



A process of production that uses a higher proportion of capital as compared to other factors of production ?


a Capital intensive technique


bLabour intensive technique


cBoth a and b


dNone of these


View Answer Both a and b

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