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 abbreviation sometimes used after the end of a letter,P,S,stand for what?

Question # 2

What is the effect the economy if reducing involuntary unemployment?

Question # 3

What is mixed economy?

Question # 4

Which property the paper money does not possess

Question # 5

When the stock market is rising is called

Question # 6

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

Question # 7

A system in which private citizens own the factors of production:

Question # 8

An increase in national income is likely to:

Question # 9

Which of the following is an indirect tax?

Question # 10

Hobbes gives individual the right to disobey the sovereign for?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 What is mixed economy?
A. Has supply but not deman
B. Has demand by not supply
C. Has supply and demand
D. Has market forces and government intervention
2 Which of the following country has left the membership of OPEC?
A. Indonesia
B. Iraq
C. U.A.E
D. Angola
3 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
4 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
5 What is "Dumping"?
A. The sale of the sub-standard commodity
B. Sale in a foreign market of a commodity at a price below marginal cost
C. Sale in a foreign market of a commodity just at marginal cost without too much of profit
D. Smuggling of goods without paying any customs duty
6 Fiscal deficit in the budget means:
A. Revenue deficit plus the net borrowings of the government
B. Budgetary deficit plus the net borrowings of the government
C. Capital deficit plus revenue deficit
D. Primary deficit minus capital deficit
7 What are the aims of international Monetary fund?
A. To promote International monetary co-fund?
B. The expansion of international trade and exchange rate stability
C. To assist in the removal of exchange restricting and the establishment of a multilateral system of payment
D. All of above
8 What is Tariffs?
A. Decrease the domestic prices of a product
B. Increase the quantity of imports
C. Decrease domestic production
D. Increase government earnings form tax
9 BYOB stand for:
A. Bring your own Bottle
B. bring your own body
C. body your own bottle
D. bone of the above
10 What does sempre mean?
A. Until
B. Quiet
C. Stop 
D. Always

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