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

Pass through effect in international trade theory refers to:

Question # 2

Which term refers to an awareness to the relationship between  the individual and his or her wider society?

Question # 3

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

Question # 4

The unproductive expenditure of the rich is Necessary to the employment of the poor:

Question # 5

Which one of the following is not an element of Democratic Socialism?

Question # 6

Which one of the following according to Morgenthau is not a vital component of national interest?

Question # 7

Which one of the following is not a demerit of party system?

Question # 8

A budgetary deficit means:

Question # 9

What do glasnost and perestroika mean?

Question # 10

What does USMC stand for?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 A budgetary deficit means:
A. Total expenditure is more than total revenue
B. Current expenditure is more than current revenue
C. Capital expenditure is more than capital revenue
D. Total expenditure is more than current revenue
2 Over time the price of primary products tends to fall because:
A. Demand is income elastic
B. Supply is income elastic
C. Of outward shifts is supply
D. Demand is price elastic
3 What does pizzicato mean literally?
A. Pinched
B. forced
C. pushed
D. happy
4 A multinational business:
A. Sells products abroad
B. Produces in more than one country
C. Imports form abroad
D. Sells only domestically
5 What does LIPS means?
A. Last inning Pressure situations
B. Last inning Pitching Situations
C. Lats inning pressure situations
D. late inning pitching situations
6 What is the full form of the RADAR?
A. Rays Detecting and Ranging
B. Radio Detecting and Ranging
C. Radiio0n Deceading and ranging
D. Radio Detecting and Roaring
7 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
8 Which of the following is not involved with fiscal policy?
A. Income tax
B. VAT
C. National insurance
D. Interest rates
9 When did World Trade Organization replace GATT?
A. 1 January 1995
B. 1 January 1998
C. 1 December 1999
D. 1 June 2000
10 What does the term 'Hanseatic League' refer to?
A.  Confederation of towns in the Low countries for Mutual defence 
B. Europe's first international Trades Union 
C. Confederation of Baltic States 
D. A confederation of German (and other ) towns for mutual defence in commerce 

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