Agriculture MCQs

Page No. 221

The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?


aCircular flow model

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bCognitive planning

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cCentralized planning

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d None

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View Answer Centralized planning

An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?


aCartel

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bCapital account

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cBuffer stock

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d Capital account

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View Answer Cartel

Stocks of commodities held by the countries or international organizations to moderate the commodities price fluctuations ?


a Black market

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bBuffer stocks

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cCapital stocks

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dSpeculation

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View Answer Buffer stocks

“All LDC’s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.” ?


aEconomic development theory

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bBig Push theory of development

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cRostow’s development plan

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dHarod Domes model

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The attainment of literacy, arithmetic competence and elementary vocational skills ?


aBasic qualifications

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bBasic education

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cPrimary education

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dAll

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View Answer Basic education

A closed economy that attempts to be completely self-reliant ?


aAmortization

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bCommand economy

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cAutarchy

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dNone

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View Answer Autarchy

The portion of economy consisting of Agriculture, Forestry, Hunting and Fishing ?


aAgricultural sector

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bRural sector

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c Farm economy

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dAll

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View Answer Agricultural sector

A measure of the real purchasing power of the community ?


aAggregate demand

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bTotal effective demand

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cTotal expenditure

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d All

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View Answer All

The total number of people living below a specified minimum level of real income, an international poverty line, is called ?


aRelative poor

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bReal poverty

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cAbsolute poor

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dNone

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View Answer Absolute poor

“structural transformation of primary subsistence economy for economic development” war proposed by ?


a Arthur Lewis

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b Keyne’s

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cCarl Marx

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dRostow

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View Answer Arthur Lewis

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