Terminology MCQs Online Test

Basically, terminology is a discipline that thoroughly studies the "labeling or entitling of concepts" especially to the one or more subject fields or domains of human action. Terminology does this through the research work as well as analysis of terms in context for the objective of documenting as well as promoting consistent usage.

Terminology MCQ's Test

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Terminology MCQ's Test

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Question # 1

Process of economic development means:

Question # 2

The pong diplomacy refers to the exchange of table tennis  (ping-pong)players between which two countries in the early 1970:

Question # 3

What is the main characteristic of a capialist of free market economy:

Question # 4

where is the headquarters of Islamic Development Bank?

Question # 5

An increase in cost will:

Question # 6

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

Question # 7

If the economy grows the government's budget position will automatically:

Question # 8

A brief story in prose or verse that teaches a moral or gives a pract6ical lesson about how to get along in life is called a:

Question # 9

Who made the decision to name a single currency the Euro?

Question # 10

According to Lucian Pye, the element of political development are:


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Terminology Online Test

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 Who developed the innovation theory of profit?
A. Shumpeter
B. Haley
C. Prof,Knight
D. Karl Marx
2 The abbreviation NASA stands for which of the following:
A. National Association safely Association
B. National Aeronautics and Space
C. National Aeronautics and Space Admi9nsitraion
D. North American Space Administration
3 Carpe diem is a special genre of poetry:
A. Death of the body
B. Seize the day
C. Love endures
D. The body decays
4 Who gave the ''theory of comparative advantage''?
A. Adam smith 
B. Ricardo 
C. Hicks 
D. Albert Einstein 
5 Who defined "Economics is the Science of Wealth"?
A. J.K Mehta
B. Marshall
C. Adam Smith
D. Robbins
6 A fall in interest rates is likely to:
A. Increase aggregate demand
B. Increase savings
C. Decrease consumption
D. Decrease exports
7 What is a 'buttock line'?
A. A row of locking gimbals
B. The location at which cockpit seats are located
C. An imaginary vertical  line that separates the right and left side of an aircraft
D. The alignment of landing gear wheels installed on an aircraft
8 The part of economics that deals with behavior and decision making by small units, such as individuals and firms?
A. Economics
B. Unlimited life
C. Organizational chart
D. Microeconomics
9 A significant increase in the government budget deficit is likely to:
A. Reduce injections into the economy
B. Reduce national income
C. Move the economy away from full employment
D. Boost aggregate demand
10 Where is the European central bank Located:
A. Luxembourg
B. Basel
C. Frankfurt
D. London

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