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Agriculture Mcqs

Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is……………….?

A. Say’s law
B. Keynes theory of supply
C. Law of supply
D. None

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A demand curve shifts because of change is…………………?

A. Consumer tastes
B. Number of buyers in market
C. Incomes
D. All of these

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Monopoly and oligopoly are the examples of……………….?

A. Perfect competition
B. Imperfect competition
C. Pure competition
D. None

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Index measuring deprivation in basic human development in a country ?

A. Human deprivation index
B. Human poverty index
C. Human development index
D. None

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Productive investments embodied in human persons?

A. Fixed capital
B. Human capital
C. Both A and B
D. non of these

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A household’s or firm’s income in the form of goods or services ?

A. Extra income
B. Income in kind
C. Fixed income
D. None

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A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?

A. Import substitution
B. Export substitution
C. Autarchy
D. Industrialization

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Discount rate that causes a project to have a net present value of zero used to rank projects in comparison with market rates of interest?

A. Rate or returns
B. External rate or returns
C. Internal rate or returns
D. None

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The payment for the use of borrowed funds ………….?

A. Interest
B. Loan
C. Both
D. None

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

A. Formal finance
B. Informal finance
C. Med term loans
D. Long term loans

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