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

00:00
Question # 1

An industry comprised of a very large number of sellers producing a standardized product is known as:

Question # 2

An increase in national income is:

Question # 3

In a less Developed Country:

Question # 4

Who is known as father of economics?

Question # 5

Cross-price elasticity measures whether:

Question # 6

What is hindsight?

Question # 7

Which does the government not control directly?

Question # 8

In pure capitalism the role of government is best described as:

Question # 9

Who among the following makes a distinction between society and state?

Question # 10

An expansionist fiscal policy could include:


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Terminology Online Test

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 What is the meaning of the term "The Great Schism'when referring to an event in the late 14th century?
A. A dispute between the King of England and the Pope 
B. A dispute between the king of England and his parliament 
C. A dispute between the followers of two elected popes 
D. A dispute between the kings of Scotland and England 
2 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
3 The term Cowboy diplomacy was first used in 1902 by:
A. Jackie Lawlor
B. Edmund Gullion
C. James Cable
D. David Hoffman
4 Which of the following concepts is not an explanation to why the aggregate demand curve is downward sloping?
A. Wealth Effect
B. Exchange Rate Effect
C. Interest Rate Effect
D. Production
5 Utility means:
A. Power to satisfy a want
B. Usefulness
C. Willingness of a person
D. Harmfulnes
6 Which of the following would decrease aggregate demand?
A. Increased consumption
B. Increasing export revenue
C. Increasing taxation revenue
D. Increased investment
7 Which is the main reason of demand pull inflation?
A. Increase in money supply
B. Increase in commercial expenditure
C. Increase in foreign demand for goods
D. All of the above
8 What do the Initials IFAD stand for?
A. International fund stand Air plane Development
B. India food approval department
C. International food approval department
D. International fun for Agricultural Development
9 What of the following is false about W.T.O?
A. It is the main organ implementing the Multilateral Trade Agreement
B. It is global in its membership
C. It has far wider scope than GATT
D. Only countries having more than prescribed level of total GDP can become its members
10 Which one of he following committee has admitted the existence of  a nexus between the politicians bureaucrats and criminals?
A. Vohra committee
B. Santhanam committee
C. Narshimhan committee
D. Kripalani committee

Test Questions

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  • SAMRA BATOOL

    SAMRA BATOOL

    26 Sep 2020

    I want see my submitted test

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  • Asadullah

    Asadullah

    08 Mar 2019

    Very tough Questions and very important

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  • Asma Virk

    Asma Virk

    10 Jun 2017

    i want to see my level.

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  • asd

    asd

    15 Mar 2016

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  • HAMEED ULLAH KHAN

    HAMEED ULLAH KHAN

    18 Feb 2016

    good attempt

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