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

ESPN stand for:

Question # 2

If the price elasticity of demand is unit then a fall in price:

Question # 3

What of the following is false about W.T.O?

Question # 4

The four factor payment are:

Question # 5

Who among the following is associated with 'Cicic-Sovereignty,Theory?

Question # 6

Which term refers to an awareness to the relationship between  the individual and his or her wider society?

Question # 7

For a perfectly competitive firm:

Question # 8

Utility means:

Question # 9

Pass through effect in international trade theory refers to:

Question # 10

What is the full form of the LASER?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 According to Keynes, real inflation takes place-
A. Before the level of full employment
B. On the level of full employment
C. After the level of full employment
D. All above are true
2 Where is the headquarters of African Development bank?
A. Abidjan
B. Niger
C. Nambia
D. Nigeria
3 "Economics is what economics do" it has been supported by:
A. Richard Jones
B. Comte
C. Gunnar Myrdal
D. All of the above
4 Which is the main reason of demand pull inflation?
A. Increase in money supply
B. Increase in commercial expenditure
C. Increase in foreign demand for goods
D. All of the above
5 To control inflation the central bank should do:
A. To sell government securities and to decrease bank rate
B. To sell government securities and to increase bank rate
C. To purchase government securities and to increase bank rate
D. To purchase government securities and to decrease bank rate
6 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
7 Process of economic development means:
A. Economic change
B. Social change
C. Ethical, institutional and cultural change
D. All of these
8 A business owned and run by one person?
A. All of the above
B. One man show
C. Sole proprietorship
D. That doesn't exist
9 What is hindsight?
A. Always moaning and groaning - not listening to anyone else,just yourself
B. Using the outcome of event to make decisions about them
C. Looking back wards all the time never looking to the future
D. None of these
10 Who became the first president of the European Central Bank?
A. Wim Duisenberg
B. Jean-Claude Trichet
C. Alexandre Lamfalussy
D. Philippe Maystadt

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