Agricultural Economics-Data Intensity 4 Multiple Questions and Answers.




1.A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?
A. Plant
B. Firm
C. Factory
D. None of these

2.An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities____?
A. Pure capitalism
B. Command Economy
C. Closed economy
D. Open economy

3.An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?
A. Tariff
B. Tax
C. Tacit collusion
D. Subsidy

4.The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)_____?
A. Trade Balance
B. Trade deficit
C. Trade surplus
D. None of these

5.A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return___?
A. Tax
B. Tariff
C. Transfer payment
D. Subsidy




Date to Date Current Affairs 2022

PakMCQs.net

Quick Links

GAT Subject



   Computer Science    English Mcqs    Agriculture    

Engineering



   Computer Science    Civil Engineering    

Technical



   Networking    Electronics    Database    

Past Papers



   Model Papers    FPSC Papers