Terminology MCQs Online Test

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Sr.#	Question	Answer
1	What is the technical name for conventional genre of poetry that usually celebrates the simplicity of rural life:	A. Pastoral B. Epic C. Elegy D. Ode
2	Who coined the term of Ageism?	A. H.C. Armstrong B. Pearl S. Buck C. James Frazer D. Robert N Butler
3	Monopoly is when there is a single:	A. Seller B. Market C. Buyer D. Game
4	Which is not the characteristic of socialist or planned economy?	A. Government is the owner of resources B. Production decisions are determined by the government C. Profit motive D. None of the above
5	Fire Insurance is based on the principle of-	A. Utmost Good faith B. Insurable interest C. Indemnity D. Cooperation
6	In times if slowdown of the economy, the fiscal policy influences aggregate demand through:	A. Discretionary element B. Non-discretionary element C. Lowering of tax rates D. All of the above
7	The resources in the economy do not include:	A. Demand B. Land C. Labour D. Capital
8	Where is the headquarters of East African Development Bank?	A. Uganda B. South Africa C. Zambia D. Zimbabwe
9	What does the Latin word 'chronos' mean?	A. Circle B. Old C. Time D. Distance
10	Menu costs in relation to inflation refer to:	A. Costs of finding better raters of return B. Cost of altering price lists C. Costs of money increasing its value D. Costs of revaluing the currency