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

What is a 'Quasi-rents'?

Question # 2

The allocation of scarce resources and nearly all other economic activity stams form ritual habit or custom:

Question # 3

Who among he following talked of development tarp'?

Question # 4

What does SOP stand for:

Question # 5

The reason for cost push inflation is:

Question # 6

An increase in aggregate demand is more likely to lead to demand id more likely to lead to demand pull inflation if:

Question # 7

What is hindsight?

Question # 8

Income tax in subcontinent was introduced by?

Question # 9

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

Question # 10

Who introduce the concept of multiplier first of all?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 A political theory said that when a particular group  is entitled to give legitimate orders over some area is know as:
A. De Jure rule
B. De Facto rule
C. Executive rule
D. All of above
2 World Economic Outlook report is issued annually by?
A. IMF
B. ILO
C. WHO
D. World Bank
3 What is the main characteristic of a capialist of free market economy:
A. Individuals are the owners factors of Production
B. Profit is the min motives of carrying out various activities
C. Consumer freedom
D. All of above
4 Gesang is German for what?
A. Music
B. Song
C. Note
D. G Clef
5 AWACS stands for;
A. Airborne warning and control system
B. Air warning and control system
C. Airborne earning and communication system
D. None or them -
6 To reduce the supply of money the government could:
A. Reduce interest rates
B. Buy back government bonds
C. Sell government bonds
D. Encourage banks to lend
7 Which of the following concepts is not an explanation to why the aggregate demand curve is downward sloping?
A. Wealth Effect
B. Exchange Rate Effect
C. Interest Rate Effect
D. Production
8 What does 'chronology' mean?
A. Something that happened before 1500
B. Any history that is boring
C. In the correct order of time
D. None of these
9 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
10 The part of economics that deals with behavior and decision making by small units, such as individuals and firms?
A. Economics
B. Unlimited life
C. Organizational chart
D. Microeconomics

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