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

The term 'Animal Spirit' was used by Keynes for?

Question # 2

What theory explains why deflation may actually lead to an increase in GDP?

Question # 3

Which of these is an example of hindsight?

Question # 4

NTC is the abbreviation of which organization;

Question # 5

Marshall's representative firm is a long-run average firm while optimum firm is a:

Question # 6

In times if slowdown of the economy, the fiscal policy influences aggregate demand through:

Question # 7

What does FPCT stand for?

Question # 8

Who among the following identified democracy wth crruption machine politics and gangsterism?

Question # 9

A business owned and run by one person?

Question # 10

A rise in the general level of prices is called

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 Which one of the following is not a demerit of party system?
A. Parties fight for their own interest
B. Party system destroys the individuality of man
C. Parties produce unnatural divisions
D. Parties harmonise the organs of government
2 GNP is always
A. Less than NN
B. Greater than NNP
C. Equal to NNp
D. Any of A,b,c
3 Which kind of diplomacy dealt with all actions by non-state actors in the field of foreign affairs?
A. Track I diplomacy
B. Track II diplomacy
C. Shuttle diplomacy
D. Dollar diplomacy
4 Incommon meaning inflation is a condition in which-
A. Price of commodity increases
B. Value of money decreases
C. Price of commodity and value of money both increases
D. Price of commodity increases and value of money decreases
5 What is a 'Quasi-rents'?
A. Are in the nature of free gifts
B. May be applicable to all factors of production
C. comprise of all the returns to firm in excess of the returns of the marginal firm
D. All the above
6 If you doctor ordered and EKG or ECG, What part of Your body Would be tested:
A. Eyes
B. Bladder
C. Brain
D. Heart
7 ICMB stands for:
A. Internal Continental ballistic Missile
B. Inter Country Ballistic Missile
C. Inter-Continental Ballistic Missile
D. Inter-Continental Ballistic Market
8 An increase in aggregate demand will have most effect on prices if:
A. Aggregate supply is price inelastic
B. Aggregate supply is price elastic
C. Aggregate supply has unitary price elasticity
D. Aggregate demand is price inelastic
9 Which is the monetary measure to control inflation?
A. Increases in taxation
B. Decreases in taxation
C. Soft credit policy
D. Hard credit policy
10 If you see 'sfz' under a note, what does it mean?
A. It is an acronym for simple,Fast,Zany
B. A sudden tempo increase
C. A slow decrease in sound
D. a sudden strong accent

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