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

What is a 'Quasi-rents'?

Question # 2

A budgetary deficit means:

Question # 3

In England, to what did the term 'alderman'

Question # 4

What does the term 'Bear hall putsch' refer to?

Question # 5

Profits is caused by-

Question # 6

where is the headquarters of Islamic Development Bank?

Question # 7

Land is the only factor of production whose supply is?

Question # 8

The BEU is an economic union,What does it stand for:

Question # 9

Irony is a contrast between expectation and reality, which of the following is not a  common type of irony?

Question # 10

What does LAPES stand for?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 Where is the headquarters of Caribbean Development bank?
A. Barbados
B. Guyana
C. Trinidad
D. Tobago
2 Economic growth can be measured by:
A. The CPI
B. The CBI
C. GDP
D. MPC
3 What did the term 'Ironclad' refer to?
A. The first Kinghts to wear to wear amour 
B. The first armoured vehicles 
C. A guaranteed prposition or word of honour
D. A class of warships 
4 Pass through effect in international trade theory refers to:
A. The proportion of an exchange rate change that is reflected in export and import price change
B. Exports and imports not facing any tariff barrier
C. Exports and imports not facing any technical barrier
D. All of the above
5 If you wanted to join a group at your local high school and learn about farming plants what group would you join?
A. FHA
B. FFA
C. GPA
D. NRA
6 National income estimated in Pakistan is Prepared by:
A. Commission
B. SBP
C. Ministry of Finance
D. C.S.O.
7 If a few firms dominate an industry the market is known as:
A. Monopolistic competition
B. Competitively monopolistic
C. Duopoly
D. Oligopoly
8 Which measure can check inflation?
A. surplus budgeting
B. Increase in Direct taxation
C. Curtaliment in Public expenditure
D. All of these
9 A fall in interest rates is likely to:
A. Increase aggregate demand
B. Increase savings
C. Decrease consumption
D. Decrease exports
10 Products that increase  the usefulness or value fo other products?
A. substitutes
B. complements
C. income effects
D. Goods

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