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Terminology Online Test MCQs With Answers
Question # 1
Where might you purchase an SUV?
Choose an answer
flower garden
Department store
car dealership
farmers market
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Question # 2
Who among he following talked of development tarp'?
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Lucian Pye
Fred Riggs
Myron Weiner
Edward shils
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Question # 3
To anticipate what the economy is going to do next the government will look at:
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Lagging indicators
Flashing indicators
Coincidental indicators
Leading indicators
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Question # 4
Developing economies usually:
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Have large industrialized sectors
Are dependent on primary products
Have high levels of wealth
Earn more form exports than is spent on imports
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Question # 5
World trade has been increasing due to:
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Increased tariffs
Increased legal barriers
Increased embargoes
Reduced protectionism
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Question # 6
World Economic Outlook report is issued annually by?
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IMF
ILO
WHO
World Bank
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Question # 7
Adam Smith's The Wealth of nations was published in:
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1772
1773
1774
1776
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Question # 8
'Closed Economy' is that economy in which:
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Only export takes place
Money supply is fully controlled
Deficit financing takes place
Neither export nor import takes place
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Question # 9
Income tax in subcontinent was introduced by?
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Sir Charles Wood
Lord Macaule
James Wilson
William Jones
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Question # 10
Who among the following identified democracy wth crruption machine politics and gangsterism?
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Pareto
Laski
Robert Hahl
C. W. Millls
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Question # 11
Passive factor of production is:
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Only land
Only capital
Both land and capital
Neither land nor capital
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