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Agriculture Mcqs 7387 MCQs [All-Courses]

Agriculture MCQs cover fundamental and applied concepts related to farming, crop production, soil science, irrigation, fertilizers, plant breeding, pests, and agricultural economics. This topic is designed to strengthen conceptual understanding and problem-solving skills through objective questions. It is especially useful for competitive exams such as PPSC, FPSC, KPPSC, BPSC, NTS, OTS, and other testing services, helping candidates prepare with exam-oriented and up-to-date agricultural knowledge.

An economic system in which traditions and customs determine how the economy would use its scare resources ?

A Traditional economy

B Mixed economy

C capitalistic economy

D Command economy

Review Detailed Answer

Correct Answer: Traditional economy

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

A Trade surplus

B Trade deficit

C Trade bloc

Review Detailed Answer

Correct Answer: Trade deficit

The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________?

A Technology

B Advanced knowledge

C Both

Review Detailed Answer

Correct Answer: Technology

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

A Tariff

B Foreign exchange

C Net profit

D GNP

Review Detailed Answer

Correct Answer: Tariff

Nominal income adjusted for inflation__________________?

A Real income

B Net income

C Total income

Review Detailed Answer

Correct Answer: Real income

The branch of economics which analyze govt. revenues and expenditures is__________________?

A Public revenue

B Public finance

C Public good

Review Detailed Answer

Correct Answer: Public finance

A legally determined price above the equilibrium price is__________________?

A Floor price

B Ceiling price

C Equilibrium price

Review Detailed Answer

Correct Answer: Floor price

The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?

A capital flight

B capital account

C capital deficit

D All of these

Review Detailed Answer

Correct Answer: capital flight

Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?

A Fiscal policy

B Economic planning

C Economizing problem

Review Detailed Answer

Correct Answer: Fiscal policy

A condition when there is excessive produce in the market which lowers down the price is called__________________?

A Market glut

B Perfect market

C Imperfect market

D All of these

Review Detailed Answer

Correct Answer: Market glut

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Agriculture Mcqs 7387 MCQs [All-Courses]

All Topics 7387

All Topics 7387

An economic system in which traditions and customs determine how the economy would use its scare resources ?

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

The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________?

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

Nominal income adjusted for inflation__________________?

The branch of economics which analyze govt. revenues and expenditures is__________________?

A legally determined price above the equilibrium price is__________________?

The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?

Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?

A condition when there is excessive produce in the market which lowers down the price is called__________________?