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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
A multinational business:
Choose an answer
Sells products abroad
Produces in more than one country
Imports form abroad
Sells only domestically
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Question # 2
Who said the history of all hiterto existing society is the history of class struggle,''?
Choose an answer
Engels
Marx
Lenin
Trotsky
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Question # 3
A currency swap refer to-
Choose an answer
A spot sale of currency combined with a forward repurchase of the same currency-as part of single transaction
A forward sale of currency combined with a forward repurchase of the same currency - as part of a single transaction
A forward sale of currency combined with a forward repurchase of the same currency in two different transactions
All of the above
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Question # 4
Which industry group has the highest outstanding amount in non-small scale sector in Pakistan?
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Textile industry
Engineering industry
Sugar industry
Iron industry
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Question # 5
What do glasnost and perestroika mean?
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Openness and economic restructuring
Isolation and Closure
War and peace
Peace and cooperation
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Question # 6
Which organization has been founded to act as permanent watchdog on the international trade:
Choose an answer
ISRD
ADS
WTO
DIMF
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Question # 7
In common meaning inflation is a condition in which__
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Price of commodity increases
Value of money decreases
Price of Commodity and value of both increases
Price of commodity increases and value of money decreases
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Question # 8
Political liberty without economic liberty is a myth, Who has made this statement?
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Aristotle
T,H,Green
J,S, Mill
H,J, Laski
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Question # 9
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 # 10
Ultimate burden of tax is known as
Choose an answer
Impact
Incidence
shifting of tax
Property tax
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Question # 11
Marx advocated the establishment of a:
Choose an answer
Classless society
Stateless society
Casteless society
Classless and Stateless
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