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Terminology Online Test MCQs With Answers
Question # 1
What is the meaning of term ''oilgopoly''?
Choose an answer
A one-firm Industry.
Many producers of a differentiated.
A few firms producers of a differentiated product.
None of these
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Question # 2
Reducing inflation is a more important objective than economic growth is an example of:
Choose an answer
Normative economics
Positive economics
Objective economics
Reality economics
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Question # 3
FMCT stand for:
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Fossil Material cut-off Treaty
Fissile Material Cut-off Treaty
Fissile Cure-off Treaty
Fissile Material Cut-off Terms
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Question # 4
Which of the following is not a supply side measure?
Choose an answer
increased training
Providing more information
Helping individuals to move location to find work
Increasing spending on existing industries
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Question # 5
How many countries are belonged to Euro currency?
Choose an answer
14
17
15
18
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Question # 6
What is inflation?
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Reduces the cost of living
Reduces the standard of living
Reduces the price of Products
Reduces the purchasing power of a pound
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Question # 7
Hedging and speculation in forx markets-
Choose an answer
Are opposite activites
Parallel activites
Same activites
All of the above
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Question # 8
It is true that there is no state where there is no over-ruling force, But the exercise of force does not make a state otherwise a pirate ship or the mutinous army would be a state,Who has reade this statement?
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Fredrick Angles
Robert Maciver
H, J, Laski
Max Weber
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Question # 9
What is meant by the term meritocracy?
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People achieving via merit
People achieving Via accident of birth
People achieving because of who they know
None of these
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Question # 10
The situation with increasing unemployment and inflation is termed as:
Choose an answer
Hyperinflation
Reflection
Stagflation
Galloping
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Question # 11
What is meant by the term meritocracy:
Choose an answer
People achieving via merit
People achieving via accident of birth
People achieving because of who they know
None of these
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