Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Which of the following country has left the membership of OPEC?	A. Indonesia B. Iraq C. U.A.E D. Angola
2	A written promise to reply the amount borrowed at a later date?	A. Bond B. Bankruptcy C. Principal D. interest
3	Which of the following is an active factor of production?	A. Land B. Labour C. Capital D. Organization
4	When was Bank of Central African States formed?	A. 1974 B. 1978 C. 1973 D. 1979
5	Say's law of Markets states that:	A. Demand creates its own supply B. Supply creates its own demand C. Demand creates its own demand D. Supply creates its own supply
6	The term dollar is not a part of the name of the currency in which of the following countries?	A. Malaysia B. Italy C. Singapore D. USA
7	What does M.R.E stand for?	A. Monthly Readiness Exercise B. Meals Ready to Eat C. Mission readiness entrance D. Meals Rarely Eaten
8	Ina parliamentary form of government minsters are appointed by:	A. The head of he state at his discretion B. The head of the government C. The legislature D. the head of he state on the recommendation of the head of the government
9	The resources in the economy do not include:	A. Demand B. Land C. Labour D. Capital
10	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