Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Which of the following is not an item of transfer payment?	A. Pension B. Scholarship C. Dividend D. Subsidy
2	Where is the headquarters of Caribbean Development bank?	A. Barbados B. Guyana C. Trinidad D. Tobago
3	BYOB stand for:	A. Bring your own Bottle B. bring your own body C. body your own bottle D. bone of the above
4	Products that increase the usefulness or value fo other products?	A. substitutes B. complements C. income effects D. Goods
5	Process of economic development means:	A. Economic change B. Social change C. Ethical, institutional and cultural change D. All of these
6	What is inflation?	A. Reduces the cost of living B. Reduces the standard of living C. Reduces the price of Products D. Reduces the purchasing power of a pound
7	Where is he headquarters of the world federation of Trade union:	A. Czech Republic B. Russia C. U.K. D. U.S.A
8	When a firm is maximizing profit it will necessarily be:	A. Maximizing profit per unit of ouput B. Maximizing the difference between total revenue and total cost C. Minimizing total cost D. Maximizing total revenue
9	When an economy first begins to grow more slowly:	A. GDP increases B. Inflation is like to increase C. Stock levels are likely to increase D. Investment in equipment is likely to increase
10	What is termed to order an accused person to be kept in custody or placed on ball pending further court appearance?	A. Remand B. Custody C. Arrest D. Prosecuting