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 the meaning of the term "The Great Schism'when referring to an event in the late 14th century?

Question # 2

An outward shift of the production possibility frontier may be caused by:

Question # 3

Which of the following is not a way of helping developing economies?

Question # 4

Aggregated demand will increases if:

Question # 5

What  do we call the conversation between tow or more characters:

Question # 6

If we compare GDP and GNP, then

Question # 7

What is the meaning of term ''oilgopoly''?

Question # 8

The part of economics that deals with behavior and decision making by small units, such as individuals and firms?

Question # 9

Economic development is measured on the basis of

Question # 10

Which of the following would decrease aggregate demand?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 What is meant by the the 'The Big four'?
A. The Powers contesting global dominance in the sixtes 
B. Representatives of the main victorious Powers at the paris peace conference after WW1
C. The powers at the Yalta conference of WW2
D. The Powers involved during the American Revolutionary War 
2 How many stock exchanges are in Pakistan?
A. 2
B. 3
C. 4
D. 5
3 A currency swap refer to-
A. A spot sale of currency combined with a forward repurchase of the same currency-as part of single transaction
B. A forward sale of currency combined with a forward repurchase of the same currency - as part of a single transaction
C. A forward sale of currency combined with a forward repurchase of the same currency in two different transactions
D. All of the above
4 What is meant by the term, 'Compagnies d'Ordonnance'?
A. French tanks of WW1
B. 15th century French cavalry and mounted infantry 
C. French tanks of WW2
D. French support troops in both world wars 
5 You might take your little puppy to what kind of doctor?
A. DDS
B. DVM
C. MD
D. DC
6 Which one of he following is an essential feature of he presidential system:
A. Collective responsibility
B. Fixed term
C. Accountability to legislature
D. Nominal head of he state
7 Globalization is likely to increase with:
A. More protectionism
B. An increase in tariffs
C. More trade within countries
D. Greater trade flows between countries
8 What is hindsight?
A. Always moaning and groaning - not listening to anyone else,just yourself
B. Using the outcome of event to make decisions about them
C. Looking back wards all the time never looking to the future
D. None of these
9 A market with few  entry barriers and with many firms that sell different product is:
A. Purely competitive
B. A monopoly
C. Monopolistically competitive
D. Oligopolistic
10 When the money market is in equilibrium:
A. The quantity of money demanded equals the quantity of money supplied
B. The interest rate is neither increasing nor decreasing
C. bond prices are stable
D. All of the above hold true

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