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

Who among the following identified democracy wth crruption machine politics and gangsterism?

Question # 2

Economics word is derived form language of:

Question # 3

Marginal utility is equal to average utility at that time when average utility is:

Question # 4

Who among the following formuated the most system doctrine of sovereignty?

Question # 5

A reduction in the money supply is likely to:

Question # 6

To control inflation the central bank should do:

Question # 7

Adam Smith's The Wealth of nations was published in:

Question # 8

'Closed Economy' is that economy in which:

Question # 9

An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:

Question # 10

What does LIPS means?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 Which of the following is not an item of transfer payment?
A. Pension
B. Scholarship
C. Dividend
D. Subsidy
2 Aggregated demand will increases if:
A. Consumption falls
B. investment falls
C. Exports fall
D. Imports falls
3 To control inflation the central bank should do:
A. To sell government securities and to decrease bank rate
B. To sell government securities and to increase bank rate
C. To purchase government securities and to increase bank rate
D. To purchase government securities and to decrease bank rate
4 Marx borrowed Dialectical Method form:
A. Locke
B. Rousseau
C. Hegal
D. Green
5 Who gave the ''theory of comparative advantage''?
A. Adam smith 
B. Ricardo 
C. Hicks 
D. Albert Einstein 
6 What does stesso mean?
A. Same
B. more motion
C. stop
D. quicker
7 "Economics is what economics do" it has been supported by:
A. Richard Jones
B. Comte
C. Gunnar Myrdal
D. All of the above
8 A political theory said that when a particular group  is entitled to give legitimate orders over some area is know as:
A. De Jure rule
B. De Facto rule
C. Executive rule
D. All of above
9 The free market involves:
A. The free provision of products
B. The subsidising of products by the government
C. Market forces of supply and demand
D. All trad via barter
10 Who wrote ''An inquiry into the Nature and Causes of the Wealth of National''?
A. Lionel Robbins
B. Adam Smith
C. Paul Samuelson
D. Enrico Barone

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