Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Profit is measured by:	A. Revenue - fixed costs B. fixed cost + revenue C. Revenue - sales D. Revenue - total costs
2	What is full form of the OAU?	A. Organization of Asian Unity B. Organization of African Unity C. Organization of American Unity D. Organization of Allied Universities
3	'From each according to his ability, to each according to his need' is the theoretical slogan of which system?	A. Communist system B. Capitalist system C. Fascist system D. None of these
4	Who among he following talked of development tarp'?	A. Lucian Pye B. Fred Riggs C. Myron Weiner D. Edward shils
5	Who among the following supports he principle of natural inequality?	A. Polybius B. Cicero C. Rousseau D. Plato
6	where is the headquarters of Islamic Development Bank?	A. Saudi Arabia B. Sweden C. Switzerland D. None of the above
7	What is the single most important factor that makes the markets works?	A. Money B. Alan Greenspan C. Markets don't works D. Greed
8	What does pizzicato mean literally?	A. Pinched B. forced C. pushed D. happy
9	If a few firms dominate an industry the market is known as:	A. Monopolistic competition B. Competitively monopolistic C. Duopoly D. Oligopoly
10	What is a kiwi?	A. A dinner roll B. A piece of fruit C. A person from New Zealand D. a bird that nests in the treetops