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Terminology Online Test MCQs With Answers
Question # 1
A rise in the general level of prices is called
Choose an answer
A very bad thing
Raise
Inflation
Payroll
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Question # 2
The primary use to the kinked-demand curve is to explain price rigidity in:
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Oligopoly
Monopoly
Perfect competition
Monopolistic competition
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Question # 3
The reserves of a commercial bank consist of:
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The amount of money market funds it holds.
Deposits at the Federal Reserve Bank and vault cash
Government bonds which the bank holds
The bank's net worth.
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Question # 4
This is known as the uncertainty or anxiety the reader feels about what will happen next in a story.
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Suspense
Theme
Symbol
Motivation
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Question # 5
Which country is the largest wheat producing country of the world?
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India
China
America
Switzerland
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Question # 6
Crick diplomacy consists of using the game of cricket as a political tool to enhance or worsent the diplomatic relations between two Cricket playing nations,Term was first used in 1987 during the match between?
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Indian and Pakistan
Sri Lanka and Pakistan
Bangladesh and Pakistan
Indian and Bangladesh
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Question # 7
A form of government in which minority rules outside the law is:
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Oligarchy
Tyranny
Aristocracy
Democracy
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Question # 8
Monopoly is when there is a single:
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Seller
Market
Buyer
Game
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Question # 9
The BEU is an economic union,What does it stand for:
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Belgian Economic Union
British Economic Union
Benelux Economic Union
Bombay Economic Union
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Question # 10
The situation with increasing unemployment and inflation is termed as:
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Hyperinflation
Reflection
Stagflation
Galloping
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Question # 11
Who defined "Economics is the Science of Wealth"?
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J.K Mehta
Marshall
Adam Smith
Robbins
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