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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
Pakistan started its first five-year plan in
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1947
1950
1955
1960
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Question # 2
ICAO is another important UN Agency, What does not ICAO stand for?
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International Civil Aviation Organization
International control of Aeroplanes Organization
International Concorde Air planes Organization
International committee of approval of new organizations
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Question # 3
The concept of costing margin in the pricing theory was introduced by?
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Andrews
Baumol
Cournot
Williamson
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Question # 4
The driving force that encourages people and organizations to improve their material well being is called:
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Private property
Big houses
Vacations
Profit motive
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Question # 5
What is the Essence of Control?
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To take decision
To take corrective action
To make enquiry
To motivate
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Question # 6
Who is known as Father of scientific Management?
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Henry Fayol
Elton Mayo
Chester Bernard
F.W Taylor
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Question # 7
Profits is caused by-
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Dynamic element in the economy
Innovation
Windfall
All of the above
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Question # 8
Who among the following is the exponent of Game theory?
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Martin Shubik
Kari Deutsch
Palamer and parkins
joseph Frankel
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Question # 9
Fir stand for:
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First information Report
Final information Report
Fundamental information Report
Final information Record
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Question # 10
A voluntary association of people formed to carry on some kind of economic activity that will benefit its members?
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Revenues
Cooperative
Horizontal merger
Labour union
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Question # 11
Ultimate burden of tax is known as
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Impact
Incidence
shifting of tax
Property tax
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