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Terminology Online Test MCQs With Answers

Question # 1

An Australian superstition concerning the number 87 by association 187,287 etc:

Choose an answer

The English number

Napoleon

Nelson

The Devil's number

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Question # 2

In comparison to revenue deficit; the size of fiscal deficit is always

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Higher

Smaller

Similar

Uncertain

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Question # 3

What does LIPS means?

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Last inning Pressure situations

Last inning Pitching Situations

Lats inning pressure situations

late inning pitching situations

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Question # 4

Who is known as father of economics?

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David Riccardo

Thomas Malthus

jean Colbert

Adam smith

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Question # 5

The term condition refers to:

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Predicting the future

Analysis and synthesis

Thinking or Knowing

Introspection

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Question # 6

The concept of disinvestment was introduced by:

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Friedman

Kaldor

Keynes

Myrdal

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Question # 7

What theory explains why deflation may actually lead to an increase in GDP?

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Solow effect

Rational expectations

Pigou effect

Adaptive expectations

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Question # 8

The extent to which persons or organizations are better off at the end of a period than they were at the beginning?

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Profit

Inventory

Good

Fringe benefits

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Question # 9

Who among the following thinker made the statement that, Covenant without sword are but words and of no strength to secure men at all?

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Pufendorf

Hobbes

Locke

Rousseau

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Question # 10

A governmental agency that has the abbreviation of FDA is what:

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free diet advice

Federal Drug agency

food and drug administration

federal deposit agency

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Question # 11

Which of the following is not an indirect tax?

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Land revenue

Customs duties

Entertainment tax

Sales tax

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