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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
The asset demand for money:
Choose an answer
Is unrelated to both the interest rate and the level of GDP
Varies inversely with the rate of interest
Varies inversely with the level of real GDP
Varies directly with the level of nominal GDP
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Question # 2
If you see 'sfz' under a note, what does it mean?
Choose an answer
It is an acronym for simple,Fast,Zany
A sudden tempo increase
A slow decrease in sound
a sudden strong accent
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Question # 3
Which of the following cannot be accepted factor of production?
Choose an answer
Land
Labour
Light of sun
Capital
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Question # 4
Who theory advocates only night watchman role of the state?
Choose an answer
Welfare state theory
Liberal Theory
Socialist Theory
Idealist Theory
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Question # 5
In which of the following industry structures is the entry of new firms the most difficult?
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Pure monopoly
Oligopoly
Monopolistic competition
Pure competiton
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Question # 6
Which term refers to an awareness to the relationship between the individual and his or her wider society?
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Sociology
Sociological imagination
Social justice
Social interpretation
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Question # 7
What is a 'buttock line'?
Choose an answer
A row of locking gimbals
The location at which cockpit seats are located
An imaginary vertical line that separates the right and left side of an aircraft
The alignment of landing gear wheels installed on an aircraft
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Question # 8
From when did the Euro become a legal tender?
Choose an answer
1 December 1999
1 January 2000
1 January 2001
1 January 2002
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Question # 9
What does SOP stand for:
Choose an answer
Special Operating Procedure
Special Operation Procedure
Standard Operating plan
simple operating Plan
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Question # 10
Demand for Primary products is likely to be:
Choose an answer
Very sensitive to price
Price elastic
Unit elastic
Income inelastic
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Question # 11
Who gave the ''theory of comparative advantage''?
Choose an answer
Adam smith
Ricardo
Hicks
Albert Einstein
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