Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Negotiations between representatives of labor management?	A. Professional association B. Collective bargaining C. Chamber of commerce D. Unlimited life
2	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
3	Adam Smith's The Wealth of nations was published in:	A. 1772 B. 1773 C. 1774 D. 1776
4	What is a hard currency?	A. Whose external value is increasing B. Which can be acquired only with official permission C. Which can be obtained only against sale of gold D. Which is accepted in International transactions
5	A written promise to reply the amount borrowed at a later date?	A. Bond B. Bankruptcy C. Principal D. interest
6	Which of the following is not an indirect tax?	A. Land revenue B. Customs duties C. Entertainment tax D. Sales tax
7	Where is he headquarters of the world federation of Trade union:	A. Czech Republic B. Russia C. U.K. D. U.S.A
8	GNP is always	A. Less than NN B. Greater than NNP C. Equal to NNp D. Any of A,b,c
9	Profit is measured by:	A. Revenue - fixed costs B. fixed cost + revenue C. Revenue - sales D. Revenue - total costs
10	Who became the first president of the European Central Bank?	A. Wim Duisenberg B. Jean-Claude Trichet C. Alexandre Lamfalussy D. Philippe Maystadt