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

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bSpecialization

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cSpill over

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danti dumping

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View Answer Spill over

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


a Income tax

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bSales tax

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cConsumer charge

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dNone

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View Answer Sales tax

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


aPublic sector

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b Private sector

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cPublic utility

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d None

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View Answer Public sector

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


aPublic debt

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bPublic finance

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cPublic good

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dNone

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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

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bSpecification

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cRationing function of the price

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dNone

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A supply curve shifts because of change in_____________________?


aThe price of the related products

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bTechnology

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cBoth a and b

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dNone of these

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Change in quantity demanded is______________________?


aUpward movement or shift of entire cure.

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b Shift of the demand curve to left side

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

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dNone

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


aComplementary

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bSubstitutes

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cSupplementary

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d None

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View Answer Supplementary

Upward shift of the demand curve is due to_________________?


aChanging in quantity demanded

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bIncrease in demand

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cDecrease in quantity demanded

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dNone

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View Answer Increase in demand

Allocative efficiency is__________________?


aProducing all output combinations in least costly way

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bProducing the specific output mix most desired by society

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cProducing the desired things

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d None

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