Agriculture MCQs

Page No. 226

A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?


aSpeculation


bSpecialization


cSpill over


danti dumping


View Answer Spill over

A tax levied on the cost of a board group of products______________________?


a Income tax


bSales tax


cConsumer charge


dNone


View Answer Sales tax

The part of economy which contains all govt. entities is called__________________?


aPublic sector


b Private sector


cPublic utility


d None


View Answer Public sector

The total amount by the federal govt. of the owner of the govt. securities is called___________________?


aPublic debt


bPublic finance


cPublic good


dNone


View Answer Public debt

The ability of Market forces to synchronize selling and buying decision to eliminate potential surpluses and shortages is known as_________________?


aGeneralization


bSpecification


cRationing function of the price


dNone



A supply curve shifts because of change in_____________________?


aThe price of the related products


bTechnology


cBoth a and b


dNone of these



Change in quantity demanded is______________________?


aUpward movement or shift of entire cure.


b Shift of the demand curve to left side


cMovement from one point to the other on the same demand curve


dNone



When price for one and demand for other move in same direction we say them___________________?


aComplementary


bSubstitutes


cSupplementary


d None


View Answer Supplementary

Upward shift of the demand curve is due to_________________?


aChanging in quantity demanded


bIncrease in demand


cDecrease in quantity demanded


dNone


View Answer Increase in demand

Allocative efficiency is__________________?


aProducing all output combinations in least costly way


bProducing the specific output mix most desired by society


cProducing the desired things


d None



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