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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  • Total Questions10

  • Time Allowed10

Terminology MCQ's Test

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Question # 1

When the economic activity in an economy is on the decline, then it is called a:

Question # 2

Which industry group has the highest outstanding amount in non-small scale sector in Pakistan?

Question # 3

Under normal circumstances, when the price of a commodity falls. the quantity demanded will:

Question # 4

The standard of living is often measured by:

Question # 5

Demand pull inflation may be caused by:

Question # 6

The part of economics that deals with behavior and decision making by small units, such as individuals and firms?

Question # 7

Developing economies usually:

Question # 8

Which term is used for economies work best without of rules and regulations form the government''?

Question # 9

The abbreviation NASA stands for which of the following:

Question # 10

Which of the following is an economic activity?


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Terminology Online Test

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 TWA stand for:
A. Trans world Authority
B. Trans word Airport
C. Trans world airlines
D. None of the above
2 Who among the following identified democracy wth crruption machine politics and gangsterism?
A. Pareto 
B. Laski 
C. Robert Hahl 
D. C. W. Millls 
3 Carne Ross former British diplomat is related:
A. Freelance Diplomacy
B. Track II diplomacy
C. Shuttle diplomacy
D. Track I diplomacy
4 Who gave the ''theory of comparative advantage''?
A. Adam smith 
B. Ricardo 
C. Hicks 
D. Albert Einstein 
5 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.
6 Carpe diem is a special genre of poetry:
A. Death of the body
B. Seize the day
C. Love endures
D. The body decays
7 Which term means the same distance form something?
A. Equilateral
B. Proportional
C. Equianglular
D. Equidistant
8 A voluntary association of people formed to carry on some kind of economic activity that will benefit its members?
A. Revenues
B. Cooperative
C. Horizontal merger
D. Labour union
9 A constitutional government stands for:
A. a limited government
B. a government run according to the provisions of the constitution
C. a government run according to the wishes of the rulers
D. a government run according to the wishes of the party bosses
10 World Development report is issued annually by?
A. IMF
B. ILO
C. WHO
D. World Bank

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