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

AWACS stands for;

Question # 2

Market where goods and services are offered for sale?

Question # 3

What is "Dumping"?

Question # 4

A simple correlation can defined as the tendency of?

Question # 5

Every country establishes central bank to:

Question # 6

In the sports a team member that has played extremely well might receive____award:

Question # 7

Who theory advocates only night watchman role of the state?

Question # 8

Which of the following would decrease aggregate demand?

Question # 9

Reducing inflation is a more important objective than economic growth is an example of:

Question # 10

VPP stands for:

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 If you collapse in a restaurant and quit breathing, You better hope that someone eise there known what?
A. HRT
B. ACT
C. CPR
D. AMV
2 The marginal revenue curve in monopoly:
A. Equals the demand curve
B. Is parallel with the demand curve
C. Lies below and converges with the demand curve
D. Lies below and diverges form the demand curve
3 The concept of costing margin in the pricing theory was introduced by?
A. Andrews
B. Baumol
C. Cournot
D. Williamson
4 A currency swap refer to-
A. A spot sale of currency combined with a forward repurchase of the same currency-as part of single transaction
B. A forward sale of currency combined with a forward repurchase of the same currency - as part of a single transaction
C. A forward sale of currency combined with a forward repurchase of the same currency in two different transactions
D. All of the above
5 In traditional economic theory four types of markets are identified. Which of the following is not one of them?
A. Capital Control Market
B. Monopoly
C. Monopolistic Competition
D. Oligopoly
6 An increase in cost will:
A. Shift aggregate demand
B. Shift aggregate supply
C. Reduce the natural rate of Unemployment
D. Increase the natural rate of unemployment
7 Karl Marx's used which  term for the capitalist class, comprising the owners of the means of production:
A. Causal logic
B. Bourgeoisie
C. Cohabitation
D. Class system
8 TWA stand for:
A. Trans world Authority
B. Trans word Airport
C. Trans world airlines
D. None of the above
9 The basic different between the ''short run''and the ''long run'' is that:
A. All cost are fixed in the short run, but all costs are variable i8n the long run
B. The law of diminishing returns applies in the long run, but not  in the short run.
C. At least one resource is fixed in the short run while all resources are variable in the long run
D. Economies of scale may be present in the short run, but not in the long run.
10 Which country is the largest wheat producing country of the world?
A. India
B. China
C. America
D. Switzerland

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