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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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Total Questions10
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Time Allowed10
Terminology MCQ's Test
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Question # 1
In traditional economic theory four types of markets are identified. Which of the following is not one of them?
Question # 2
Gross National Product is equal to?
Question # 3
The basic different between the ''short run''and the ''long run'' is that:
The basic different between the ''short run''and the ''long run'' is that:
Question # 4
A rise in the general level of prices is called
Question # 5
According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is:
Question # 6
What does the term 'Hanseatic League' refer to?
Question # 7
In the factors for production market what do the house holds sell to the firms?
Question # 8
Which is not the characteristic of socialist or planned economy?
Which is not the characteristic of socialist or planned economy?
Question # 9
Who among the following supports he principle of natural inequality?
Who among the following supports he principle of natural inequality?
Question # 10
The resources in the economy do not include:
Terminology Online Test
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General Knowldge Terminology Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | What does the term 'Hanseatic League' refer to? |
A. Confederation of towns in the Low countries for Mutual defence
B. Europe's first international Trades Union
C. Confederation of Baltic States
D. A confederation of German (and other ) towns for mutual defence in commerce
|
| 2 |
Bicameralish is an essential feature of: |
A. Parliamentary system
B. Presidential system
C. Federal system
D. Unitary system
|
| 3 |
Where could you most likely have seen the letters TWA? |
A. Army base
B. Church
C. Airport
D. Gift store
|
| 4 | Which os the main reason of demand pull inflation? |
A. Increase in money supply
B. Increase in comercial expenditure
C. Increase in foreign demand for goods
D. All of the above
|
| 5 |
What is the full form of the STD? |
A. Straight Telephone Dialing
B. Straight Trunk Dialing
C. Subscribers Talk Dialing
D. Subscribers Trunk Dialing
|
| 6 | A rise in the general level of prices is called |
A. A very bad thing
B. Raise
C. Inflation
D. Payroll
|
| 7 | Who defined "Economics is the Science of Wealth"? |
A. J.K Mehta
B. Marshall
C. Adam Smith
D. Robbins
|
| 8 | The part of economics that deals with behavior and decision making by small units, such as individuals and firms? |
A. Economics
B. Unlimited life
C. Organizational chart
D. Microeconomics
|
| 9 | Which of the following established as the Breton Woods Conference in 1944? |
A. IMF
B. World Bank
C. WHO
D. Both a & b
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| 10 | According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is: |
A. Downward sloping
B. U-shaped
C. Upward sloping
D. Vertical
|
Test Questions
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SAMRA BATOOL
26 Sep 2020I want see my submitted test
Asadullah
08 Mar 2019Very tough Questions and very important
Asma Virk
10 Jun 2017i want to see my level.
asd
15 Mar 2016sfsdfsdfsdfgsdgfsdfgs
HAMEED ULLAH KHAN
18 Feb 2016good attempt