M C Q s D r i v e

Economics Mcqs 4423 MCQs [All-Courses]

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Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

In food demand growth equation D = Φ + a E, a is the income elasticity of demand for food E is the per capita income growth and Φ is ?
A Poverty rates
B food security index
C change in the quantity of food demanded per capita
D population growth
Correct Answer: population growth
A set of alternative commodity bundles that a person can command in a society using the totality of rights and opportunities that he possesses is known as ?
A Production possibilities
B entitlement
C income distribution
D egalitarianism
Correct Answer: Production possibilities
Which of the following NOT a cause of food insecurity, according to Nic Maunder, a specialist on Ethiopia ?
A War and bad governance
B Corruption and mismanagement
C Poor roads
D Aid from developed nations
Correct Answer: Corruption and mismanagement
Which of the following is not among the most advanced global food chain cluster with headquarters in the US ?
A cargil/Monsanto
B ConAgra
C Novartis/ADM
D Procter & Gamble
Correct Answer: Procter & Gamble
Which of the following statement about rural and agricultural development is true ?
A Rural development is the same as agricultural development
B The agrarian community requires a full range of services such as schools merchants banks and so on
C Household nonfarm income is uncorrelated to farm productivity and uncorrelated to farm productivity and household incomes in Kenya
D China’s rural population receives little income from nonfarm income
Correct Answer: The agrarian community requires a full range of services such as schools merchants banks and so on
Which of the following is not a consequence of growing agricultural commercialization ?
A An increase in the number of landless laborers
B An increase in rural poverty
C Women gain in decision making power
D Workers nutrition is reduced
Correct Answer: Women gain in decision making power
Most of Latin America has been characterized by ______ large land-grand estates owned by the few and ________ small poor holdings that rarely provide adequate employment for a family ?
A multitudinous latitudinous
B latifundios, minifundios
C feudum, nocere
D grameen, repetto
Correct Answer: latifundios, minifundios
Amartya K. Sen emphasizes that having enough to eat depends on ?
A society’s system of entitlement
B an egalitarian income distribution
C low poverty rates
D society’s high Gini concentration
Correct Answer: an egalitarian income distribution
Which index combines measures of calorie availability (in relation to requirement) the growth of per capita daily energy supply food production food staples self-sufficiency, and variability of food production and consumption ?
A food sufficiency index
B food security index
C food self-intake index
D food growth index
Correct Answer: food security index
Which of the following is not a major factor raising LDC agricultural labor productivity ?
A new biological chemical mechanical inputs in production
B new technical and organizational knowledge from greater specialization
C expanded markets for agricultural output
D massive government intervention
Correct Answer: massive government intervention