Home » Agriculture Quiz » Agricultural Economics Quiz 3

Agricultural Economics Quiz 3


Agricultural Economics Quiz 3

1 / 50

An institution or mechanism which brings together buyers and sellers is called____________________?

2 / 50

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 ?

3 / 50

Economic model describing growth of the economy on one or at most a few sectors and variables?

4 / 50

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

5 / 50

Loans not passed through formal banking system e.g. family loans?

6 / 50

Yearly number of live births per 1000 population is termed as_________________?

7 / 50

Failure to achieve full production is called ?

8 / 50

The amount by which a nation?s export of goods (or goods and services) exceeds its import of goods or goods and services is_______________?

9 / 50

The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?

10 / 50

Income that is available to house holds for spending and saving after personal, income taxes have been deducted ?

11 / 50

Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?

12 / 50

A course of action indented to correct or avoid a problem_________________?

13 / 50

A barrier to the attainment of a set target in a particular period of time?

14 / 50

A federal budget deficit caused by a recession and a consequent decline in tax revenues ?

15 / 50

In developed countries children are?.% of the total population ?

16 / 50

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

17 / 50

Nonproductive members of society are referred to as___________________?

18 / 50

Rural based population in developed countries___________________?

19 / 50

International resources shared by all countries e.g ocean, air etc?

20 / 50

A tax imposed by a nation on an imported good is called_________________?

21 / 50

A commercial bank authorized by state govt. to engage in business of banking ?

22 / 50

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

23 / 50

A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?

24 / 50

Commodities whose demand varies directly with money income are called______________________?

25 / 50

Rural based population in less developed countries (LDC?s) ?

26 / 50

A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?

27 / 50

Any point inside the production possibility curve represents ?

28 / 50

All goods and services produced in a country in one year are called its__________________?

29 / 50

Labour force engage in Agriculture in economically developed nations ?

30 / 50

Change in quantity demanded is______________________?

31 / 50

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

32 / 50

Number of peoples and their level of skills is called as________________?

33 / 50

Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?

34 / 50

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

35 / 50

The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?

36 / 50

In richer nations children are______________% of the dependents?

37 / 50

An analytic approach in which we move from facts to theory, from a particular to general is called____________________?

38 / 50

Nominal income adjusted for inflation__________________?

39 / 50

A measure of average output or real output per unit of input is called____________________?

40 / 50

Directing domestic resources to output which a nation is highly efficient at producing is called____________________?

41 / 50

In________________ economics we look at desirability of certain aspects of the economy ?

42 / 50

The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?

43 / 50

Monopoly and oligopoly are the examples of___________________?

44 / 50

Recurring increase and decrease in the level of economic activity over periods of years?

45 / 50

A cooperative farm or other collectively organized unit ?

46 / 50

To charge different prices for the goods of the same standard is called___________________?

47 / 50

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

48 / 50

A labour union which limits its membership to workers with a particular skill ?

49 / 50

Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?

50 / 50

All points on the production possibility curve explain__________________?

Provide Your Information

Your score is

The average score is 66%


Share on facebook
Share on twitter
Share on whatsapp
Agricultural Economics Quiz 1
Agricultural Economics Quiz 2
Agricultural Economics Quiz 4
Agricultural Economics Quiz 5
Agronomy Quiz 1
Agronomy Quiz 2
Agronomy Quiz 3
Agronomy Quiz 4
Agronomy Quiz 5
Agronomy Quiz 6

Help Concept 360 Please. We need 500 Youtube Subscriber. Please Subscribe our Youtube Channel. Click below link to subscribe Please

آپ سے گزارش ہے کہ ہمارے یوٹیوب چینل کوسبسکرائب کر کے ہماری مدد کریں جیسا کہ یہ ویب سائٹ آپکی مدد کر رہی ہے۔ شکریہ