Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Who determines price under perfect competition?	A. Representative firm B. Industry C. Normal firm D. Government
2	A system in which private citizens own the factors of production:	A. Traditionalism B. Communism C. Capitalism D. Profit
3	If an increase in investment leads to a bigger increase in national income this is called the:	A. Aggregate demand B. Accelerator C. Monetarism D. Multiplier
4	NTC is the abbreviation of which organization;	A. National Tobacco company B. National Tea company C. National Tea corporation D. National Textile corporation
5	The four factor payment are:	A. Money, capital, salaries, and income B. Wages, rent, interest, and profits C. Money, power, prestige, and wealth D. Wages, interest, salaries, and income
6	What was the meaning of the term the Cisalpine Republic?	A. Republic formed by Napoleon Bonaparte B. A Frankish republic C. Part of he Roman Republic D. A republic set up by Giuseppe Garibaldi
7	What is the Essence of Control?	A. To take decision B. To take corrective action C. To make enquiry D. To motivate
8	When was Asian Development bank established?	A. 1966 B. 1967 C. 1968 D. 1965
9	In which of the following industry structures is the entry of new firms the most difficult?	A. Pure monopoly B. Oligopoly C. Monopolistic competition D. Pure competiton
10	What is the single most important factor that makes the markets works?	A. Money B. Alan Greenspan C. Markets don't works D. Greed