Agriculture Exams (Agri Econ) – Page 4

#61. Economic growth has the formula.
A GNP2- GDP1/ GDP2
B GDP1- GDP2/ GNP1
C GDP2 - GDP1/ GDP1
D GDP1- GNP1/ GDP2
Answer: GDP2 - GDP1/ GDP1
#62. Drivers for economic growth is the accumulation of physical and ___capital.
A Human
B Investment
C Educational
D Political
Answer: Human
#63. In agriculture trade, what contributed bigger share in the market in 2011.
A Coconut oil and tuna
B Cut-flower and mango
C Tobacco and poultry meat
D Banana and pineapple
Answer: Banana and pineapple
#64. The country’s recorded agricultural pre-deficits are.
A Japan and Canada
B European Union
C Australia and USA
D China and India
Answer: Australia and USA
#65. It is defined partly as an art, science and also a business with all parts interacting in the cultivation of crops and raising of livestock and fish either for direct consumption or for sale.
A Aquaculture
B sustainability
C Agriculture
D Environmental Science
Answer: Agriculture
#66. It is defined as strategy of improving the soil’s natural capability to nurture plant life through constant recycling of nutrients and maintenance of soil fertility, moisture and microbial condition.
A Organic Farming
B Sustainable Development
C Sustainable Agriculture
D Soil Nutrition
Answer: Sustainable Agriculture
#67. Essential ingredient for economic growth, except:
A Organic Farming
B Sustainable Development
C Psychological development
D Soil Nutrition
Answer: Psychological development
#68. Essential ingredient for economic growth, except:
A Human resources
B Technology
C Capital formation
D Psychological development
Answer: Psychological development
#69. It is a system of a crop or grain production wherein maximum inputs are applied to a given area in order to produce maximum output.
A External agriculture
B Extensive agriculture
C International agriculture
D Intensive agriculture
Answer: Intensive agriculture
#70. It refers to the factors that derived the average cost curve downward as the firms operation expands:
A Opportunity cost
B Comparative advantage
C Economies scale
D Marginal cost
Answer: Economies scale
#71. Economic development means:
A Increase in output
B Changes in economic structure
C All of the above
D None of the above
Answer: All of the above
#72. When there is economic development, the % in agriculture shares ____relative to other sector.
A Decrease
B Constant
C Increase
D None of the above
Answer: Decrease
#73. Republic Act 6657 of 1998 is the legal base for the implementation of CARP is known as __________.
A Agrarian Reform
B Comprehensive Agrarian Reform Law
C Agriculture Act
D None of the above
Answer: Comprehensive Agrarian Reform Law
#74. Vicious cycle of poverty is characterized by:
A Low of income and savings
B Low of production and consumption
C All of the above
D None of the above
Answer: None of the above
#75. Economic development is shaped not only by economic factors but also:
A Social factors
B Environment factor
C Cultural conditions
D All of the above
Answer: All of the above
#76. Which of the following does not support and complement our definition of a market?
A in order for a market transaction to be completed both buyer and seller must agree at a particular price
B a market has three elements: buyers, sellers and consumers
C a place where buyers and sellers meet to exchange goods and services
D buyers and sellers may use telephone, mails and other communication facilities to transact
Answer: a market has three elements: buyers, sellers and consumers
#77. Which of the following are activities or functions that include finding buyers, buying, selling and risk taking?
A facilitating function
B logistical functions
C None of these
D transactional functions
Answer: transactional functions
#78. Which of the following approaches to agricultural marketing gives primary emphasis to human element?
A functional approach
B functional approach
C institutional approach
D market structure, conduct and performance approach
Answer: institutional approach
#79. What represents the point at which price determination enters into the study of marketing?
A facilitating function
B physical function
C exchange function
D market and intelligence function
Answer: exchange function
#80. This study covers the characteristic of the product, market demand and supply situation at domestic and international levels, the behavior of consumers in relation to a specific product and prices at the farm, wholesale and retail level .
A institutional approach
B commodity approach
C functional approach
D market structure, conduct and performance approach
Answer: commodity approach