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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
The Keynesian theory of employment provides the solution of?
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Frictional unemployment
Disguised unemployment
Cyclical unemployment
Seasonal unemployment
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Question # 2
What is the meaning of the term "The Great Schism'when referring to an event in the late 14th century?
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A dispute between the King of England and the Pope
A dispute between the king of England and his parliament
A dispute between the followers of two elected popes
A dispute between the kings of Scotland and England
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Question # 3
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 # 4
A constitutional government stands for:
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a limited government
a government run according to the provisions of the constitution
a government run according to the wishes of the rulers
a government run according to the wishes of the party bosses
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Question # 5
Pass through effect in international trade theory refers to:
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The proportion of an exchange rate change that is reflected in export and import price change
Exports and imports not facing any tariff barrier
Exports and imports not facing any technical barrier
All of the above
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Question # 6
What is a reflationary policy?
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Increases aggregate supply
Increases aggregate demand
Decreases the price level
Increases full employment
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Question # 7
Where is the European central bank Located:
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Luxembourg
Basel
Frankfurt
London
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Question # 8
The nature of statistical inference is?
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Inductive
Deductive
Descriptive
Objective
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Question # 9
According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is:
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Downward sloping
U-shaped
Upward sloping
Vertical
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Question # 10
Aggregated demand will increases if:
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Consumption falls
investment falls
Exports fall
Imports falls
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Question # 11
What is an ritenuto?
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A slow increase in tempo
A sudden reduction in tempo
An accented note
A fluctuation tempo that goes goes form slow to fast
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