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

Feeling of loyalty and attachment to one's nation or nation-state and strong support for tits interests is known as:

Question # 2

If the cross price elasticity of demand between two goods X and Y is positive it means that goods are:

Question # 3

Which of the following is not a direct tax?

Question # 4

What is a hard currency?

Question # 5

The measure of the degree of association between the values of two random variables is called?

Question # 6

What does sempre mean?

Question # 7

Which theory is generally included under micro economics?

Question # 8

Carne Ross former British diplomat is related:

Question # 9

One in which people's economic affairs can take place freely but are subject to some government intervention and regulation:

Question # 10

Which of the following best expresses the law of demand:

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 The unproductive expenditure of the rich is Necessary to the employment of the poor:
A. An impediment to the growth of an economy
B. Having no bearing on the economy of the rich
C. Having no bearing on the economy
D. having bearing only on the economy of the rich
2 World trade has been increasing due to:
A. Increased tariffs
B. Increased legal barriers 
C. Increased embargoes
D. Reduced protectionism
3 Which of the following is a global organization?
A. IMF
B. World Bank
C. WTO
D. All of these
4 Investment is defined as a-
A. Deployment of a sum in business operations
B. Purchasing an interest bearing bond
C. Change in the stock of capital
D. All the above
5 Which kind of diplomacy is described as it is government to government interaction in the field of foreign affairs.
A. Track I diplomacy
B. Track II diplomacy
C. Shuttle diplomacy
D. Dollar diplomacy
6 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
7 RAW stands for:
A. Research and Analysis wing
B. Reorganize and Analysis wing
C. Research and Annihilation wing
D. Research and analysis workers
8 ICMB stands for:
A. Internal Continental ballistic Missile
B. Inter Country Ballistic Missile
C. Inter-Continental Ballistic Missile
D. Inter-Continental Ballistic Market
9 The primary use to the kinked-demand curve is to explain price rigidity in:
A. Oligopoly
B. Monopoly
C. Perfect competition
D. Monopolistic competition
10 Which UN organization is called is the World Bank?
A. International Banks for Reconstruction and Development (IBRD)
B. International Banking system
C. International Banking Management system
D. All the Above

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