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Terminology Online Test MCQs With Answers
Question # 1
Who among the following initially mooted the policy of structural adjustments?
Choose an answer
Third world countries
Developed countries
United states of America
IMF and world Bank
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Question # 2
Which industry group has the highest outstanding amount in non-small scale sector in Pakistan?
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Textile industry
Engineering industry
Sugar industry
Iron industry
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Question # 3
The term 'Ethnic' is derived form the ______ word meaning 'nation'
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Latin
Greek
Malayalee
Polynesian
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Question # 4
Max weber's term for lower made legitimate by a leader's exceptional personal or emotional appeal to his or her followers:
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Causal logic
Charismatic authority
Cohabitation
Closed system
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Question # 5
Which of the following is an economic activity?
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Teaching of a teacher in the school
To teach son at home
To serve her child by mother
To play football by a student
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Question # 6
A monopolisitically competitive firm in short run equilibrium:
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Will make negative profit (loss money)
Will make zero profit (break-even)
Will make positive profit
Any of the given are possible
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Question # 7
A pressure works for the Welfare of:
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Weaker sections of the society
All section of the society
Its members only
government employees
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Question # 8
Which is the largest import Pakistan?
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Food
Petroleum
Fertilizer
Medicine
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Question # 9
Investment depends mainly on:
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Past levels of income
Futures expected profits
Present National Income levels
Historic data
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Question # 10
An industry comprised of a very large number of sellers producing a standardized product is known as:
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Monopolistic competition
Oligopoly
Pure monopoly
Pure Competition
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Question # 11
When Pakistan join the WTO?
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January 1, 1995
February 1, 1995
January 1, 2001
Pakistan is not a member
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