Terminology MCQs Online Test

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Sr.#	Question	Answer
1	An increase in price all other things unchanged leads to:	A. Shift demand out outwards B. Shift demand inwards C. A Contraction of demand D. An extension of demand
2	Total revenues neither increase nor decrease When price changes?	A. unit elastic B. Marginal utility C. diminishing marginal utility D. Traditional economy
3	From when did the Euro become a legal tender?	A. 1 December 1999 B. 1 January 2000 C. 1 January 2001 D. 1 January 2002
4	In pure capitalism the role of government is best described as:	A. Significant B. Extensive C. Nonexistent D. Limited
5	Investment is defined as a-	A. Deployment of a sum in business operations B. Purchasing an interest bearing bond C. Change in the stock of capital D. All the above
6	Market where goods and services are offered for sale?	A. Factor market B. product market C. productivity D. service
7	Who among the following initially mooted the policy of structural adjustments?	A. Third world countries B. Developed countries C. United states of America D. IMF and world Bank
8	If the cross price elasticity of demand between two goods X and Y is positive it means that goods are:	A. Independent B. Complements C. Substitutes D. Inferior
9	In the factors for production market what do the house holds sell to the firms?	A. Income B. Labour C. Goods and services D. Rent
10	Which of the following country's economy is know as high economy?	A. America B. U.K C. Singapore D. All of these