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Agriculture Mcqs

A decrease in the governmentally defined value of currency ………………..?

A. Inflation
B. Devaluation
C. Cheapness
D. All

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Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?

A. Demand pull inflation
B. Stagflation
C. Both
D. None

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Failure to achieve full production is called ?

A. Unemployment
B. Under employment
C. Unplanned
D. None

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The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called………………?

A. Trade block
B. Trade union
C. Trade offs
D. All

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The total amount buyers of goods and services sped or plan to spend………………..?

A. Total spending
B. Aggregate spending
C. Both a and b
D. None

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The demand schedule or the demand curve of all buyers of a good or service is called………………..?

A. Market demand
B. Total demand
C. Both
D. None

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An asset set aside for future use is termed as…………………..?

A. Future planning
B. Store of value
C. Speculation
D. None

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

A. National Bank
B. State Bank
C. Business authorized bank
D. None

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

A. Speculation
B. Specialization
C. Spill over
D. anti dumping

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A tax levied on the cost of a board group of products………………….?

A. Income tax
B. Sales tax
C. Consumer charge
D. None

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