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

If the price elasticity of demand is unit then a fall in price:

Question # 2

Products that increase  the usefulness or value fo other products?

Question # 3

When was the world Federation of Trade Union founded?

Question # 4

If a few firms dominate an industry the market is known as:

Question # 5

When a doctor is concerned about a patient's ''cell count'' he usually orders a CBC What does CBC stand for:

Question # 6

When the rate of money inflation increase then the prices of commodities?

Question # 7

If an increase in investment leads to a bigger increase in national income this is called the:

Question # 8

The pong diplomacy refers to the exchange of table tennis  (ping-pong)players between which two countries in the early 1970:

Question # 9

In traditional economic theory four types of markets are identified. Which of the following is not one of them?

Question # 10

The driving force that encourages people and organizations to improve their material well being is called:

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 What does LIPS means?
A. Last inning Pressure situations
B. Last inning Pitching Situations
C. Lats inning pressure situations
D. late inning pitching situations
2 When was the world Federation of Trade Union founded?
A. 1949
B. 1945
C. 1946
D. 1942
3 A State without a Constitution would not be a state but a regime of anarchy, This is state by:
A. Aristotle
B. Bryce
C. Jellineck
D. Dicey
4 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
5 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
6 What is hindsight?
A. Always moaning and groaning - not listening to anyone else,just yourself
B. Using the outcome of event to make decisions about them
C. Looking back wards all the time never looking to the future
D. None of these
7 Which of the following is an economic activity?
A. Teaching of a teacher in the school
B. To teach son at home
C. To serve her child by mother
D. To play football by a student
8 The former policy of the south African government designed to Maintain the separation of Blacks and other non-Whites form the dominant whites is called:
A. Alienation
B. Apartheid
C. Closed system
D. Control group
9 A rise in the general level of prices is called
A. A very bad thing
B. Raise
C. Inflation
D. Payroll
10 Who developed the innovation theory of profit?
A. Shumpeter
B. Haley
C. Prof,Knight
D. Karl Marx

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