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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
Which measure can check inflation?
Choose an answer
surplus budgeting
Increase in Direct taxation
Curtaliment in Public expenditure
All of these
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Question # 2
Less Developed Countries tend to have:
Choose an answer
A high average age
A slow population growth rate
High life expectancy
A low literacy rate
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Question # 3
Investment is defined as a-
Choose an answer
Deployment of a sum in business operations
Purchasing an interest bearing bond
Change in the stock of capital
All the above
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Question # 4
In which of the following industry structures is the entry of new firms the most difficult?
Choose an answer
Pure monopoly
Oligopoly
Monopolistic competition
Pure competiton
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Question # 5
Economic development
Choose an answer
The same as economic growth
Means improvement in lifestyle
Exists when there is equal distribution of income
All of the above
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Question # 6
When the money market is in equilibrium:
Choose an answer
The quantity of money demanded equals the quantity of money supplied
The interest rate is neither increasing nor decreasing
bond prices are stable
All of the above hold true
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Question # 7
The public sector includes:
Choose an answer
Investors owing companies
Government ownerships of assets
Market forces of supply of and demand
All trade via barter
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Question # 8
Income tax in subcontinent was introduced by?
Choose an answer
Sir Charles Wood
Lord Macaule
James Wilson
William Jones
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Question # 9
The pong diplomacy refers to the exchange of table tennis (ping-pong)players between which two countries in the early 1970:
Choose an answer
United States and China
United states and South Korea
United states and North Korea
China and South Korea
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Question # 10
Which of the following would decrease aggregate demand?
Choose an answer
Increased consumption
Increasing export revenue
Increasing taxation revenue
Increased investment
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Question # 11
Where is the European central bank Located:
Choose an answer
Luxembourg
Basel
Frankfurt
London
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