Terminology MCQs Online Test

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Sr.#	Question	Answer
1	The term Cowboy diplomacy was first used in 1902 by:	A. Jackie Lawlor B. Edmund Gullion C. James Cable D. David Hoffman
2	What is an MMR?	A. Immunization B. Medical test C. Airline D. Device
3	When internal economics of scale occur:	A. Total costs fall B. Marginal costs increase C. Average costs fall D. Revenue falls
4	Economic growth can be measured by:	A. The CPI B. The CBI C. GDP D. MPC
5	Full employment is a situation when?	A. Cyclical unemployment is zero B. Frictional unemployment is zero C. Seasonal unemployment is zero D. Disguised unemployment is zero
6	In comparison to revenue deficit; the size of fiscal deficit is always	A. Higher B. Smaller C. Similar D. Uncertain
7	If the minimum wage is set above the equilibrium wage rate then other things unchanged:	A. There will be equilibrium in the labour market B. There will excess demand in the labour C. There will be excess supply in the labour market D. More people will be employed
8	''The State in which all authority and powers are vested in a single center, whose will and agents are legally omnipotent over the whole are'' is known as:	A. Unitary Government B. F3ederal Government C. Parliamentary Government D. Presidential Government
9	What is concurrent writ?	A. Cancellation of original writ B. Two identical writs C. Duplicate to original writ D. Additional to original writ
10	The term 'Socialism' was first used by	A. Robert Owen B. Karl Marx C. Lenin D. Bernstein