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Terminology Online Test MCQs With Answers
Question # 1
Menu costs in relation to inflation refer to:
Choose an answer
Costs of finding better raters of return
Cost of altering price lists
Costs of money increasing its value
Costs of revaluing the currency
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Question # 2
In pure capitalism the role of government is best described as:
Choose an answer
Significant
Extensive
Nonexistent
Limited
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Question # 3
BYOB stand for:
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Bring your own Bottle
bring your own body
body your own bottle
bone of the above
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Question # 4
When the stock market is rising is called
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Bearish
Bullish
Anti Dumping
Dumping
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Question # 5
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 # 6
When internal economics of scale occur:
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Total costs fall
Marginal costs increase
Average costs fall
Revenue falls
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Question # 7
In a less Developed Country:
Choose an answer
The Infrastructure is likely to be good
Real wages are likely to be high
Unemployment is likely to be low
The primary sector is likely to be significant
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Question # 8
Which country is the largest wheat producing country of the world?
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India
China
America
Switzerland
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Question # 9
What is the full form of IAEA?
Choose an answer
International Atomic Energy Association
Indian Atomic Energy Agency
International Atomic Energy agency
International Atomic Ene3rfy Agency
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Question # 10
Who among the following opines that public service and not sovereignty is the essential characteristic of he State?
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Otto Von Gierke
Leon Duguit
Emest Barker
A, D, Lindsay
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Question # 11
Who introduced the concept of 'Permanent Income Hypothesis'?
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Irving Fisher
Adam smith
Milton Friedman
Franco
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