Miscellaneous Economic MCQs

Which of the following is an example of a subsidy provided to the agricultural sector?

A) Export tariffs on agricultural products

B) Price supports for farmers

C) Free trade agreements with other countries

D) Import quotas on agricultural goods

What is the primary objective of agricultural price stabilization policies?

A) Increase agricultural productivity

B) Ensure food security and affordability

C) Encourage sustainable farming practices

D) Reduce government intervention in agriculture

Which economic concept explains the relationship between agricultural production and inputs such as land and labor?

A) Economies of scale

B) Production function

C) Agricultural subsidies

D) Supply and demand

Which factor influences the price elasticity of demand for agricultural products?

A) Availability of substitutes

B) Cost of production

C) Government subsidies

D) Market structure

The Green Revolution refers to:

A) Environmental conservation efforts in agriculture

B) Adoption of high-yielding crop varieties and modern farming techniques

C) Government subsidies for organic farming

D) Land reform policies to redistribute agricultural holdings

Which economic concept explains the relationship between energy consumption and economic growth?

A) Energy elasticity

B) Energy conservation

C) Energy intensity

D) Energy security

Which market structure best describes the global oil market?

A) Monopoly

B) Oligopoly

C) Monopolistic competition

D) Perfect competition

The concept of “energy transition” refers to:

A) Shift from renewable to non-renewable energy sources

B) Transition from fossil fuels to clean energy technologies

C) Government subsidies for traditional energy industries

D) Increased energy consumption without environmental impact

Which economic instrument is used to internalize external costs associated with carbon emissions?

A) Carbon tax

B) Fuel subsidies

C) Energy efficiency standards

D) Renewable energy incentives

What is the primary goal of energy policy in most countries?

A) Maximize energy consumption

B) Ensure energy independence

C) Promote sustainable energy use

D) Reduce energy prices