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

When internal economics of scale occur:

Question # 2

Which word not belong in the military abbreviation NBC?

Question # 3

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

Question # 4

The requirement that people select mates outside certain groups:

Question # 5

Marshall's representative firm is a long-run average firm while optimum firm is a:

Question # 6

What is "Dumping"?

Question # 7

Ageism term coined by:

Question # 8

The BEU is an economic union,What does it stand for:

Question # 9

The concept of disinvestment was introduced by:

Question # 10

Which of the following is a global organization?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 What does  'the Civic List' man and refer to in the UK? 
A. Money paid by the taxpayer for the upkeep of civil rights groups 
B. Money paid by the taxpayer for the upkeep of the unemployed 
C. Money paid by the taxpayer for the upkeep of the Royal family 
D. Money paid by the taxpayer to servicemen recently discharged form the armed forces 
2 According to the law of diminishing utility:
A. Utility is a maximum whit the first unit
B. Increase units of consumption increase the marginal utility
C. Marginal product will fall as more units are consumed
D. Total utility will rise at a falling rate as more units are consumed
3 A shift in aggregate supply is likely to:
A. Reduce the general price level and reduce and national income
B. Reduce the general price and level and increase national income
C. Increase the general price level and reduces national income
D. Increase the general price level and increase the national income
4 Which country is the largest wheat producing country of the world?
A. India
B. China
C. America
D. Switzerland
5 When did World Trade Organization replace GATT?
A. 1 January 1995
B. 1 January 1998
C. 1 December 1999
D. 1 June 2000
6 Which one of the following is not an element of Democratic Socialism?
A. Welfare state
B. Mixed economy
C. Social justice
D. Revolutionary change
7 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
8 Where is the European central bank Located:
A. Luxembourg
B. Basel
C. Frankfurt
D. London
9 Which measure can check inflation?
A. surplus budgeting
B. Increase in Direct taxation
C. Curtaliment in Public expenditure
D. All of these
10 If we compare GDP and GNP, then
A. GNP = GDP - net income from abroad
B. GNP = GDP + net income from abroad
C. GNP = NNP - net income from abroad
D. GNP = NNP + net income from abroad

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