Agriculture MCQs

Page No. 220

Changing the term of existing loan________________?


aDebt repudiation

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bDebt renegotiation

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cDebt transformation

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d All

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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

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bCurrency substitution

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cCurrency devaluation

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dNone

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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

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bDiminishing returns

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cBoth

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d None

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View Answer Diminishing returns

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


a Growth

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bEconomic growth

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cDevelopment

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dAll

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View Answer Economic growth

A cooperative farm or other collectively organized unit ?


aCorporation

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bCommune

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cSociety

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d All

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View Answer Corporation

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


aClean technologies

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bEfficient technology

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cProductive technology

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dInnovative technology

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View Answer Efficient technology

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


a Stock exchange

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bCurrency board

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c State Bank

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dCommercial Bank

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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

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bCommune

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cConsumption diseconomies

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dNone of these

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View Answer Commune

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


aCapital saving technological process

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bProduction intensive technique

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cCapital intensive technique

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dNone

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


a Capital intensive technique

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bLabour intensive technique

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cBoth a and b

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dNone of these

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View Answer Both a and b

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