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Terminology Online Test MCQs With Answers
Question # 1
Incommon meaning inflation is a condition in which-
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Price of commodity increases
Value of money decreases
Price of commodity and value of money both increases
Price of commodity increases and value of money decreases
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Question # 2
What is the full form of the RADAR?
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Rays Detecting and Ranging
Radio Detecting and Ranging
Radiio0n Deceading and ranging
Radio Detecting and Roaring
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Question # 3
Which government income is included in revenue budget?
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Tax-revenue
Non tax-revenue
Both of above
None of the above
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Question # 4
Hedging and speculation in forx markets-
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Are opposite activites
Parallel activites
Same activites
All of the above
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Question # 5
Which one of the following is the main feature of deliberative democracy?
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Parliamentary Sovereignty
Executive supremacy
Judicial autonomy
People effective participation
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Question # 6
Who became the first president of the European Central Bank?
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Wim Duisenberg
Jean-Claude Trichet
Alexandre Lamfalussy
Philippe Maystadt
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Question # 7
Which sector contributes the highest share in Gross domestic Saving?
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Domestic sector
Public Sector
Government sector
Private Corporate sector
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Question # 8
Irony is a contrast between expectation and reality, which of the following is not a common type of irony?
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verbal
dramatic
situational
Flashback
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Question # 9
What is a sequence of steps leading to a desired end?
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Algorithm
Hierarchy
Ambiguous
Sector
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Question # 10
Which one of he following ideologies considers political party as a vanguard of the social class?
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Idealism
Individualism
Fabianism
Marxism
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Question # 11
Land is the only factor of production whose supply is?
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More Elastic
Perfectly Elastic
Perfectly Inelastic
Unitary Elastic
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