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Terminology Online Test MCQs With Answers
Question # 1
Who made the decision to name a single currency the Euro?
Choose an answer
European Commision
European Council
European Parliament
European Central Bank
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Question # 2
What are the aims of international Monetary fund?
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To promote International monetary co-fund?
The expansion of international trade and exchange rate stability
To assist in the removal of exchange restricting and the establishment of a multilateral system of payment
All of above
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Question # 3
When stock market is falling is called
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Bearish
Bullish
Anti Dumping
Dumping
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Question # 4
In the medical field and Psychology the abbreviation ADD stand for what?
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Adrenal Glandular Dysfunction
Atrium Deficit disorder
Arterial Distal Disorder
Attention Deficit Disorder
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Question # 5
A budgetary deficit means:
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Total expenditure is more than total revenue
Current expenditure is more than current revenue
Capital expenditure is more than capital revenue
Total expenditure is more than current revenue
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Question # 6
Marx borrowed Dialectical Method form:
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Locke
Rousseau
Hegal
Green
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Question # 7
Who said ''Man is born free but every where he is in chains?
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Hobbes
Locke
Rousseau
Marx
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Question # 8
According to the law of demand,when:
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Price increases demand decreases
Price decreases demand decreases
Price increases demand increases
Price decreases demand does not change
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Question # 9
For a perfectly competitive firm:
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Price equals marginal revenue
Price is greater than marginal revenue
Price equals total revenue
Price equals total cost
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Question # 10
The free market involves:
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The free provision of products
The subsidising of products by the government
Market forces of supply and demand
All trad via barter
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Question # 11
What is the full of the NASA:
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National Aeronautics and space administration
Natural Aeronautics and space administration
natural Administration and space administration
Natural administration and space agency
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