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

In times if slowdown of the economy, the fiscal policy influences aggregate demand through:

Question # 2

The situation with increasing unemployment and inflation is termed as:

Question # 3

In the world population-wise Pakistan is

Question # 4

TWA stand for:

Question # 5

When an economy first begins to grow more slowly:

Question # 6

Which of the following best expresses the law of demand:

Question # 7

Demand for Primary products is likely to be:

Question # 8

The part of economics that deals with behavior and decision making by small units, such as individuals and firms?

Question # 9

Which term is used for economies work best without of rules and regulations form the government''?

Question # 10

According to the law of diminishing utility:


Topic Test

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Terminology Online Test

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 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
2 What does stesso mean?
A. Same
B. more motion
C. stop
D. quicker
3 Full employment is a situation when?
A. Cyclical unemployment is zero
B. Frictional unemployment is zero
C. Seasonal unemployment is zero
D. Disguised unemployment is zero
4 When internal economics of scale occur:
A. Total costs fall
B. Marginal costs increase
C. Average costs fall
D. Revenue falls
5 BYOB stand for:
A. Bring your own Bottle
B. bring your own body
C. body your own bottle
D. bone of the above
6 Products that increase  the usefulness or value fo other products?
A. substitutes
B. complements
C. income effects
D. Goods
7 Who is known as father of economics?
A. David Riccardo
B. Thomas Malthus
C. jean Colbert
D. Adam smith
8 The sudden and violent overthrow of a government almost invariably by military is termed as:
A. Revolution
B. Political change
C. Coup d' etat
D. none of these
9 What is mixed economy?
A. Has supply but not deman
B. Has demand by not supply
C. Has supply and demand
D. Has market forces and government intervention
10 Which one of the following is not a demerit of party system?
A. Parties fight for their own interest
B. Party system destroys the individuality of man
C. Parties produce unnatural divisions
D. Parties harmonise the organs of government

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