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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
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 # 2
Who theory advocates only night watchman role of the state?
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Welfare state theory
Liberal Theory
Socialist Theory
Idealist Theory
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Question # 3
Which of the following is a global organization?
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IMF
World Bank
WTO
All of these
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Question # 4
Demand for Primary products is likely to be:
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Very sensitive to price
Price elastic
Unit elastic
Income inelastic
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Question # 5
Who prepared budget of Pakistan?
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National Assembly
President of Pakistan
Ministry of France
State Bank of Pakistan
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Question # 6
Which term is used for economies work best without of rules and regulations form the government''?
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Leissez-faire
subsidies
Interdependence
None of theses
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Question # 7
What is a sequence of steps leading to a desired end?
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Algorithm
Hierarchy
Ambiguous
Sector
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Question # 8
An increase in aggregate demand is more likely to lead to demand id more likely to lead to demand pull inflation if:
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Aggregates supply is perfectly elastic
Aggregate supply is perfectly inelastic
Aggregates supply is relatively elastic
Aggregate supply is relatively elastic
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Question # 9
Which is the largest import Pakistan?
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Food
Petroleum
Fertilizer
Medicine
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Question # 10
GDP plus net property income from abroad equals what?
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GNP
NNP
Depreciation
Real GDP
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Question # 11
Who among the following makes a distinction between society and state?
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Pareto
Maclver
Charles Merriam
Bryce
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