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


bCognitive planning


cCentralized planning


d None


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


bCapital account


cBuffer stock


d Capital account


View Answer Cartel

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


a Black market


bBuffer stocks


cCapital stocks


dSpeculation


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


bBig Push theory of development


cRostow’s development plan


dHarod Domes model



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


aBasic qualifications


bBasic education


cPrimary education


dAll


View Answer Basic education

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


aAmortization


bCommand economy


cAutarchy


dNone


View Answer Autarchy

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


aAgricultural sector


bRural sector


c Farm economy


dAll


View Answer Agricultural sector

A measure of the real purchasing power of the community ?


aAggregate demand


bTotal effective demand


cTotal expenditure


d All


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


bReal poverty


cAbsolute poor


dNone


View Answer Absolute poor

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


a Arthur Lewis


b Keyne’s


cCarl Marx


dRostow


View Answer Arthur Lewis

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