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 an economy first begins to grow more slowly:

Question # 2

What is inflation?

Question # 3

Net investment is

Question # 4

In traditional economic theory four types of markets are identified. Which of the following is not one of them?

Question # 5

What minimum price is acceptable by a firm in the short-period?

Question # 6

What theory explains why deflation may actually leads to an increase in GDP?

Question # 7

Gesang is German for what?

Question # 8

Blue Revolution is related to:

Question # 9

Under normal circumstances, when the price of a commodity falls. the quantity demanded will:

Question # 10

Which os the main reason of demand pull inflation?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 Profits is caused by-
A. Dynamic element in the economy
B. Innovation
C. Windfall
D. All of the above
2 Who is known as father of economics?
A. David Riccardo
B. Thomas Malthus
C. jean Colbert
D. Adam smith
3 Opportunity cast of a factor is known as
A. Transfer earning
B. Money cost
C. Present earning
D. None of the above
4 If an economy is productively efficient:
A. Everyone is wealthy
B. Resource are unemployed
C. More of one product can only be produced if less of another product is produced
D. The distribution of income is equal
5 Incommon meaning inflation is a condition in which-
A. Price of commodity increases
B. Value of money decreases
C. Price of commodity and value of money both increases
D. Price of commodity increases and value of money decreases
6 The theory of Natural Rights holds that:
A. Right are a divine creation
B. Right came form pre-civil society
C. Right were granted by the king
D. Right6s are granted by the Constitution
7 Finding a partner to works with abroad is called a:
A. Takeover
B. Merger
C. Acquisition 
D. Joint venture
8 Who among the following formuated the most system doctrine of sovereignty?
A. Gourtius 
B. bodin 
C. Austlin 
D. Locke 
9 Every country establishes central bank to:
A. issue notes
B. Supervise commercial banks
C. Give loans to businessmen
D. Both a and b
10 Where is the headquarters of International Bank for Reconstruction and development?
A. New York
B. Washington
C. Texas
D. All the above

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