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The Role of Food in Economic Development

Description: This quiz focuses on the significant role of food in economic development, exploring its impact on various aspects of a country's economy.
Number of Questions: 15
Created by:
Tags: food economics economic development food and globalization
Attempted 0/15 Correct 0 Score 0

Which of the following is NOT a primary sector industry in agriculture?

  1. Crop production

  2. Livestock farming

  3. Food processing

  4. Fishing


Correct Option: C
Explanation:

Food processing is a secondary sector industry, as it involves the transformation of raw agricultural products into finished food items.

The term (\text{GDP}) stands for:

  1. Gross Domestic Product

  2. Gross Domestic Profit

  3. Gross Domestic Production

  4. Gross Domestic Price


Correct Option: A
Explanation:

(\text{GDP}) is a measure of the total value of all goods and services produced within a country's borders in a given period.

Which of the following is NOT a factor that contributes to food security?

  1. Availability of food

  2. Accessibility of food

  3. Utilization of food

  4. Food preferences


Correct Option: D
Explanation:

Food preferences are not a factor that directly contributes to food security, as they are subjective and vary among individuals.

The process of transforming raw agricultural products into finished food items is known as:

  1. Food processing

  2. Food production

  3. Food distribution

  4. Food consumption


Correct Option: A
Explanation:

Food processing involves various techniques, such as cleaning, sorting, preserving, and packaging, to convert raw agricultural products into edible and marketable food items.

Which of the following is NOT a benefit of agricultural diversification?

  1. Reduced risk of crop failure

  2. Improved soil fertility

  3. Increased vulnerability to pests and diseases

  4. Enhanced resilience to climate change


Correct Option: C
Explanation:

Agricultural diversification typically reduces the risk of crop failure and enhances resilience to climate change, rather than increasing vulnerability to pests and diseases.

The term (\text{FDI}) stands for:

  1. Foreign Direct Investment

  2. Foreign Domestic Investment

  3. Foreign Direct Income

  4. Foreign Domestic Income


Correct Option: A
Explanation:

(\text{FDI}) refers to investments made by foreign entities directly into a country's economy, such as establishing businesses or acquiring assets.

Which of the following is NOT a challenge faced by developing countries in achieving food security?

  1. Lack of access to agricultural technology

  2. Limited infrastructure for food storage and transportation

  3. High levels of food waste

  4. Favorable climate conditions


Correct Option: D
Explanation:

Favorable climate conditions are generally not a challenge faced by developing countries in achieving food security, as they can potentially support agricultural production.

The process of adding value to agricultural products through processing, packaging, and marketing is known as:

  1. Value addition

  2. Value creation

  3. Value enhancement

  4. Value maximization


Correct Option: A
Explanation:

Value addition involves transforming raw agricultural products into more valuable and marketable forms, increasing their economic worth.

Which of the following is NOT a type of food processing?

  1. Canning

  2. Freezing

  3. Dehydration

  4. Fermentation


Correct Option: D
Explanation:

Fermentation is a natural process that involves the conversion of carbohydrates into alcohol or organic acids by microorganisms, and it is not typically considered a food processing technique.

The term (\text{PPP}) stands for:

  1. Purchasing Power Parity

  2. Public Private Partnership

  3. Price Parity Program

  4. Public Procurement Policy


Correct Option: A
Explanation:

(\text{PPP}) is an economic concept that compares the purchasing power of different currencies, allowing for a more accurate comparison of living standards across countries.

Which of the following is NOT a factor that contributes to food inflation?

  1. Increased demand for food

  2. Supply chain disruptions

  3. Favorable weather conditions

  4. Rising production costs


Correct Option: C
Explanation:

Favorable weather conditions typically lead to increased agricultural production, which can help stabilize or even reduce food prices, rather than contributing to food inflation.

The term (\text{WTO}) stands for:

  1. World Trade Organization

  2. World Tourism Organization

  3. World Tax Organization

  4. World Trade Order


Correct Option: A
Explanation:

(\text{WTO}) is an international organization that regulates and facilitates global trade, setting rules and resolving trade disputes among its member countries.

Which of the following is NOT a benefit of international trade in food?

  1. Increased availability of diverse food products

  2. Lower food prices for consumers

  3. Reduced food waste

  4. Improved food safety standards


Correct Option: C
Explanation:

International trade in food does not directly reduce food waste, as it primarily focuses on the exchange of food products between countries.

The term (\text{GATT}) stands for:

  1. General Agreement on Tariffs and Trade

  2. Global Agreement on Trade and Tariffs

  3. General Agreement on Trade and Technology

  4. Global Agreement on Trade and Tourism


Correct Option: A
Explanation:

(\text{GATT}) was a multilateral agreement that aimed to reduce tariffs and other trade barriers among its member countries, promoting freer trade.

Which of the following is NOT a type of agricultural subsidy?

  1. Price supports

  2. Input subsidies

  3. Export subsidies

  4. Food stamps


Correct Option: D
Explanation:

Food stamps are a form of government assistance provided to low-income individuals and families to help them purchase food, and they are not considered a type of agricultural subsidy.

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