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

According to the law of demand,when:

Question # 2

In a less Developed Country:

Question # 3

Process of economic development means:

Question # 4

A currency swap refer to-

Question # 5

Which of hr following can the government not use directly to control the economy:

Question # 6

What does the teem ''contigency workforce'' mean?

Question # 7

An increase in price all other things unchanged leads to:

Question # 8

Which one of he following ideologies considers political party as a vanguard of the social class?

Question # 9

Which organization has been founded to act as permanent watchdog on the international trade:

Question # 10

Where is he headquarters of the world federation of Trade union:

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 The marginal revenue curve in monopoly:
A. Equals the demand curve
B. Is parallel with the demand curve
C. Lies below and converges with the demand curve
D. Lies below and diverges form the demand curve
2 When total revenue is increasing:
A. Marginal revenue may be either positive or negative 
B. The demand curve is relatively inelastic
C. marginal revenue is positive 
D. marginal Revenue is negative 
3 What is the main characteristic of a capialist of free market economy:
A. Individuals are the owners factors of Production
B. Profit is the min motives of carrying out various activities
C. Consumer freedom
D. All of above
4 What does the teem ''contigency workforce'' mean?
A. employees who works on whatever tasks are most essential at that moment
B. employees who are expected to travel a great deal for their employers
C. temporary employees who are hired for only as they are needed
D. None of these
5 Marx advocated the establishment of a:
A. Classless society
B. Stateless society
C. Casteless society
D. Classless and Stateless
6 The prices elasticity of demand coefficient indicates:
A. Buyer responsiveness to price changes
B. The extent to which a demand curve shifts as incomes changes
C. The slope of he demand curve
D. How far business executive can stretch their fixed costs
7 Whose opinions have revolutionized the scope of macro economics?
A. Adam Smith
B. J.B Say
C. J,M Keynes
D. All of the above
8 Who has defined social selection saying social selection as a process of creating condition for survival?
A. Lewis Morgan
B. Kari Marx
C. Herbert Spencer
D. Maclever
9 Where could you most likely have seen the letters TWA?
A. Army base
B. Church
C. Airport
D. Gift store
10 Which sector contributes the highest share in Gross domestic Saving?
A. Domestic sector
B. Public Sector
C. Government sector
D. Private Corporate sector

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