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

Which is not a monetary measure to control inflation?

Question # 2

The marginal revenue curve in monopoly:

Question # 3

Where is the headquarters of World Trade Organization?

Question # 4

Which property the paper money does not possess

Question # 5

"Economics is what economics do" it has been supported by:

Question # 6

Who among the following is the exponent of Game theory?

Question # 7

The resources in the economy do not include:

Question # 8

What is inflation?

Question # 9

What is Tariffs?

Question # 10

The precautionary demand for money is:

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 The charge in quantity demanded because of the change in the relative price of the product?
A. Change in quantity demanded
B. Change in demand
C. Law of demad
D. Substitution effect
2 In America it is called a biscuit, What do the British call it?
A. Scone
B. Wafer
C. Cookie
D. Cone
3 The liquidity trap occurs when the demand for money:
A. Is perfectly interest elastic
B. Is perfectly interest inelastic
C. Means that an increase in money supply leads to a fall in the interest rate
4 What does the term 'Hanseatic League' refer to?
A.  Confederation of towns in the Low countries for Mutual defence 
B. Europe's first international Trades Union 
C. Confederation of Baltic States 
D. A confederation of German (and other ) towns for mutual defence in commerce 
5 Court granted permission to not pay some or all of its debts which force it out of business?
A. Bond
B. Bankruptcy
C. Principal
D. Interest
6 Fire Insurance is based on the principle of-
A. Utmost Good faith
B. Insurable interest
C. Indemnity
D. Cooperation
7 What is the full form of GPRS?
A. General Packet Radio Serial
B. General Packet Ratio Service
C. General Packet Radio service
D. General practical Radio service
8 An increase in aggregate demand is more likely to lead to demand id more likely to lead to demand pull inflation if:
A. Aggregates supply is perfectly elastic
B. Aggregate supply is perfectly inelastic
C. Aggregates supply is relatively elastic
D. Aggregate supply is relatively elastic
9 Which included Capital budget?
A. Income received from public borrowings
B. Income received from tax-sources
C. Income received from non-tax sources
D. All of the above
10 Who among the following was the first to propound the Pluralistic Theory of Sovereignty?
A. H.J.Laski
B. Jean Bodin
C. Otto Von Gierke
D. Maclver

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