Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Who introduce the concept of multiplier first of all?	A. Napier B. Albert Enstein C. Keynes D. Adam Smith
2	If an economy is productively efficient:	A. Everyone is wealthy B. Resource are unemployed C. More of one product can only be produced if less of another product is produced D. The distribution of income is equal
3	Normal profit occurs when:	A. Average revenue equals average variable cost B. Marginal revenue equals marginal cost C. Average revenue equals marginal cost D. Average revenue equals average cost
4	AWACS stands for;	A. Airborne warning and control system B. Air warning and control system C. Airborne earning and communication system D. None or them -
5	What do we call a lyric ode written in honor of a bride and groom?	A. Sonnet B. Elegy C. Epithalamium D. Pastoral Elegy
6	Opportunity cast of a factor is known as	A. Transfer earning B. Money cost C. Present earning D. None of the above
7	What does 'chronology' mean?	A. Something that happened before 1500 B. Any history that is boring C. In the correct order of time D. None of these
8	In the factors for production market what do the house holds sell to the firms?	A. Income B. Labour C. Goods and services D. Rent
9	What is meant by the term meritocracy?	A. People achieving via merit B. People achieving Via accident of birth C. People achieving because of who they know D. None of these
10	When was Common Market for Eastern and Southern African (COMESA) formed?	A. 1995 B. 1994 C. 1992 D. 1991