Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Market where goods and services are offered for sale?	A. Factor market B. product market C. productivity D. service
2	What is the single most important factor that makes the markets works?	A. Money B. Alan Greenspan C. Markets don't works D. Greed
3	Who among the following was a great supporter of he Divine Theory of origin of the State?	A. Bentham B. J,S, Mill C. Hobbes D. James I
4	A rise in the general level of prices is called	A. A very bad thing B. Raise C. Inflation D. Payroll
5	Who introduce the concept of multiplier first of all?	A. Napier B. Albert Enstein C. Keynes D. Adam Smith
6	What does pizzicato mean literally?	A. Pinched B. forced C. pushed D. happy
7	The measure of the degree of association between the values of two random variables is called?	A. Correlation B. Association C. Regression D. Co-variance
8	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
9	GEAC is an important organization in India, What is its full form?	A. General eating and acting committee B. General engineering Approval corporation C. Genetic Engineering Approval Committee D. Genetic Engineering Approval Corporation
10	Which of the following is not a supply side measure?	A. increased training B. Providing more information C. Helping individuals to move location to find work D. Increasing spending on existing industries