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

In the factors for production market what do the house holds sell to the firms?

Question # 2

According to Marshall, the basis to consumer surplus is:

Question # 3

An increase in cost will:

Question # 4

Demand for Primary products is likely to be:

Question # 5

Marx advocated the establishment of a:

Question # 6

PIN stand for:

Question # 7

The four factor payment are:

Question # 8

Who among the following tried to establish co-r3lation between party system and electoral system:

Question # 9

A budgetary deficit means:

Question # 10

Demand pull inflation may be caused by:

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 Which of the following would decrease aggregate demand?
A. Increased consumption
B. Increasing export revenue
C. Increasing taxation revenue
D. Increased investment
2 Which factor is not related to economic development?
A. Continuous process
B. Increase in real national income
C. Long run and continuous increase
D. Compulsory change in economic walfare
3 Carpe diem is a special genre of poetry:
A. Death of the body
B. Seize the day
C. Love endures
D. The body decays
4 National income is a?
A. Money value of goods and services produced in a country during a year
B. Money value of stocks and shares of a country during a year
C. Money value of capital goods produced by a country during a year
D. Money value of consumer goods produced by a country during a year
5 If the price elasticity of demand is unit then a fall in price:
A. Reduces revenue
B. Leaves revenue unchanged
C. Increases revenue
D. Reduces costs
6 Market value of all final goods and services produced in a country during a year is definition of
A. NI
B. NNP
C. GNP
D. Consumption
7 When surplus occurs?
A. The price of the good decreases
B. The quantity demanded is greater than the quantity supplied
C. The quantity supplied is greater than the quantity demanded
D. The quantity demanded is equal to the quantity supplied
8 Which measure can check inflation?
A. surplus budgeting
B. Increase in Direct taxation
C. Curtaliment in Public expenditure
D. All of these
9 Marginal utility is equal to average utility at that time when average utility is:
A. Increasing
B. Maximum
C. Falling
D. Minimum
10 The term 'Ethnic' is derived form the ______ word meaning 'nation'
A. Latin
B. Greek
C. Malayalee
D. Polynesian

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