Agriculture Question Bank Agri Economics One Liner Questions (4)

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Agriculture Question Bank Agri Economics One Liner Questions (4)

Agriculture Question Bank

Subject:- Agriculture Economics
Special 30 One Liner Questions
  Questions Answers
1 A rise in general price level of goods and services in an economy over a period of time is called? Inflation
2 An erosion in the purchasing power of money is known as? Inflation
3 The profit earned by a Monopoly firm is called as? Innovation profit
4 Return on saving is called as?  Interest
5 Gross income-Total expenses is equal to? Net income
6 Possession of livestock is?  intermediate asset
7 Intelligence, skill and ability are example of? Internal goods
8 A market in which buyers and sellers are drawn from the whole world is called as? International market
9 Change in capital stock is called as?  Investment
10 First stage of production function is known as? Irrational
11 Time Principle Theory of Interest?  Irving Fisher
12 Indifference curve is also known as?  Iso utility curve
13 All possible combination of two inputs which can be purchased with a given amount of fund referred as? Iso-cost line
14 Production possibility curve is also known as?  isofactor curve
15 When several goods are demanded together for a common purpose it is called? Joint demand

Agriculture Question Bank

  Questions Answers
16 Example for Non-transferable external personal good?  Friendship
17 Standard money is also referred to as?  Full bodied money
18 WTO-World Trade Organization is located at? Geneva (Switzerland)
19 The birth place of Co-operative Credit Movement in the world is in? Germany
20 The time gap between investment and return is? Gestation period
21 Ratio between nominal GNP and real GNP is called? GNP Deflator
22 Anything that can satisfy human wants are called? Goods
23 Farm business income is?  GR-cost A1
24 Giffen goods are viewed from the angle of?  Income
25 National income generated by agriculture is calculated by? Income and output method
26 The various quantities of goods purchased by the consumer at various levels of income is referred to as? Income demand
27 The measure of responsiveness of demand to change in income of as? Income elasticity
28 The percentage expenditure on luxurious commodities increases as? Income increases
29 Macro economics also known as?  Income Theory
30 By devaluation of rupees, exports will? Increase

  

 
 
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