NDDC Scholarship Test Past Questions And Answers – Agric Economics
Updated nddc Scholarship Agric Economics Test Past Questions and Answer will help you prepare faster and smarter for the nddc Scholarship. Got shortlisted with few days or hours left to prepare? this pack will give you the insight you need to ace the tests and improve your chance of passing the test.
NDDC Scholarship Test Past Questions And Answers – Agric Economics
Download the NDDC Scholarship Agric Economics Test Past Questions Practice Pack from this page in PDF format. The NDDC Scholarship test past questions pack makes your preparation easier and much better. Featuring questions from previous assessments as well as solutions to these questions.
About NDDC Nigeria
The Niger Delta Development Commission is a federal government agency established by Nigerian president Olusegun Obasanjo in the year 2000 with the sole mandate of developing the oil-rich Niger Delta region of Nigeria.
About The NDDC Scholarship
- The Niger Delta Development Commission (NDDC) Scholarship is a program initiated by the Nigerian government to provide educational opportunities for students from the Niger Delta region. The Niger Delta region is known for its significant oil and gas reserves, but it has also faced numerous socio-economic challenges. One of the ways the government aims to address these challenges is by offering scholarships to qualified students from the region to pursue higher education overseas.
- The amount for the foreign scholarship shall be based on the prevailing exchange rate of the Naira.Current Application Closing Date is 3rd November, 2023.
- 1.The following documents must be attached to the application:
2.Recent passport photograph
3.Local Government Identification Letter
4.Post Graduate admission letter from a recognized overseas university
Relevant degrees from recognized universities
5.NYSC Discharge/Exemption Certificate
6.Upon successful completion of the application form, a registration number will be automatically assigned.
7.Applicants are advised to print a hard copy of the online-generated acknowledgment for future reference.
8.All shortlisted applicants will be announced and posted on the NDDC website: www.nddc.gov.ng. These shortlisted candidates will subsequently be required to take part in a Computer-Based Test (CBT).
To be eligible for the scholarship, a scholar must hail from the Niger Delta Region and have achieved a First Class Degree, Second Class Upper, or Lower Division.
The Selection Process
- 1. Initial Application: Interested candidates must submit an online application via the Commission’s Website.
2. Preliminary Shortlisting: Candidates will be shortlisted based on the following criteria:
3. Undergraduate Degree classification (1st Class, Second Class Upper/Lower)
4. Local Government Identification
5. Computer-Based Test: Shortlisted candidates will undergo a computer-based test conducted by our consultants in Rivers State.
6. Minimum Test Score: Candidates must achieve a minimum score of 70% in the test to proceed to the next stage.
7. Further Shortlisting: Candidates who successfully pass the test will be further shortlisted.
8. Final Verification: The final verification of the candidates will be done through the Local Government Area (LGA) and Community Development Committee (CDC).
About the NDDC Scholarship test format
NDDC overseas scholarship test was conducted by Cinfores-Ltd, between 2010 and 2015. Since 2016, the tests are now conducted by MEIL (MARG Educational International Limited).
The test usually comprises of 2 sections –
1. General questions which everyone will have to sit, and
2. Discipline-based questions.
For example, candidates in Engineering and Science related disciplines could take a mix of science-based questions like maths, English, physics and chemistry for part 1, then discipline-specific questions for part 2. The test usually last between 30 to 60 minutes.
Sample Past Questions And Answers for NDDC Scholarship – Agric Economics
- Question: What is the primary goal of agricultural economics?
A Maximizing agricultural production
B Analyzing the economic aspects of agriculture
C Promoting sustainable farming practices
D Enhancing agricultural technology
Answer: B Analyzing the economic aspects of agricultureQuestion: Which of the following factors does NOT directly influence the supply of agricultural products?
A Government policies
B Weather conditions
C Consumer preferences
D Technological advancements
Answer: C Consumer preferencesQuestion: In economics, what does the term “elasticity of demand” measure?
A The responsiveness of quantity demanded to price changes
B The total demand for a product
C The demand for luxury goods
D The demand for agricultural products
Answer: A The responsiveness of quantity demanded to price changesQuestion: What is the Law of Diminishing Marginal Returns in agriculture?
A The more resources added to a fixed input, the higher the total output.
B As one input is increased while keeping others constant, the additional output eventually decreases.
C Technology always leads to increased agricultural output.
D Agricultural output will increase indefinitely with increased input usage.
Answer: B As one input is increased while keeping others constant, the additional output eventually decreases.Question: Which economic concept measures the difference between total revenue and total variable cost?
B Gross income
Answer: A ProfitQuestion: What is the main function of the World Trade Organization (WTO) in relation to agricultural economics?
A Setting global agricultural production quotas
B Promoting free trade in agricultural products
C Regulating pesticide use in agriculture
D Determining crop prices
Answer: B Promoting free trade in agricultural productsQuestion: Which of the following is NOT a characteristic of a perfectly competitive market in agriculture?
A Numerous buyers and sellers
B Homogeneous products
C Barriers to entry
D Perfect information
Answer: C Barriers to entry
Question: What is the concept of “opportunity cost” in agriculture?
A The cost of inputs used in farming
B The cost of purchasing agricultural machinery
C The cost of the next best alternative foregone when a choice is made
D The cost of agricultural subsidies
Answer: C The cost of the next best alternative foregone when a choice is made
Question: Which economic indicator measures the average change in prices received by farmers for their agricultural products?
A Gross Domestic Product (GDP)
B Consumer Price Index (CPI)
C Producer Price Index (PPI)
D Unemployment Rate
Answer: C Producer Price Index (PPI)
Question: What is the term for the practice of combining different crops in the same field to maximize yield and reduce risk?
C Crop rotation
Answer: B Polyculture
Question: What type of cost remains constant regardless of the level of production in agriculture?
A Variable cost
B Marginal cost
C Fixed cost
D Total cost
Answer: C Fixed cost
Question: Which organization is responsible for setting international food safety standards?
A World Bank
B International Monetary Fund (IMF)
C Food and Agriculture Organization (FAO)
D United Nations Educational, Scientific and Cultural Organization (UNESCO)
Answer: C Food and Agriculture Organization (FAO)
Question: In the context of agricultural economics, what does the term “subsistence farming” refer to?
A Farming with the goal of making a profit
B Large-scale commercial farming
C Farming primarily for personal consumption
D Organic farming
Answer: C Farming primarily for personal consumption
Question: What is the primary goal of agricultural price supports and subsidies?
A To increase the cost of agricultural products
B To promote agricultural exports
C To stabilize farm income and prices
D To discourage agricultural production
Answer: C To stabilize farm income and prices
Question: What economic concept represents the additional cost incurred when producing one more unit of a good or service?
A Average cost
B Fixed cost
C Marginal cost
D Total cost
Answer: C Marginal cost
Question: What is the term for the process of converting agricultural products into higher-value products through processing and manufacturing?
A Agricultural extension
B Agricultural marketing
D Crop rotation
Answer: C Agro-processing
Question: Which type of market structure is characterized by a small number of large firms dominating the agricultural industry?
A Perfect competition
D Monopolistic competition
Answer: C Oligopoly
Question: In agricultural economics, what is the concept of “inflation”?
A A decrease in the general price level
B An increase in the general price level
C A decrease in the supply of agricultural products
D An increase in agricultural subsidies
Answer: B An increase in the general price level
Question: What is the term for the difference between the value of a country’s agricultural exports and imports?
A Agricultural balance
B Trade balance
C Agricultural surplus
D Agricultural trade deficit
Answer: D Agricultural trade deficit
Question: Which economic theory suggests that farmers should diversify their production to reduce risk and uncertainty?
A Law of Supply
B Law of Demand
C Portfolio theory
D Law of Diminishing Returns
Answer: C Portfolio theory