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

ICMB stands for:

Question # 2

When the economic activity in an economy is on the decline, then it is called a:

Question # 3

Which of the following would increase aggregate demand?

Question # 4

Colin Evans recognized to be the world's leading trade diplomat is related with which kind of Diplomacy?

Question # 5

Who made the decision to name a single currency the Euro?

Question # 6

What is an MMR?

Question # 7

What theory explains why deflation may actually leads to an increase in GDP?

Question # 8

A theory who stresses the rule of law is:

Question # 9

The liquidity trap occurs when the demand for money:

Question # 10

TWA stand for:

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 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
2 ''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
3 If the price in a market is fixed by the government below equilibrium:
A. There is excess equilibrium
B. There is excess supply
C. There is excess demand
D. There is equilibrium
4 Who among the following is the exponent of Game theory?
A. Martin Shubik
B. Kari Deutsch
C. Palamer and parkins
D. joseph Frankel
5 Marshall's representative firm is a long-run average firm while optimum firm is a:
A. Maximum cost firm
B. Minimum cost firm
C. Marginal cost firm
D. Average cost firm
6 What is the meaning of the term, Cinque ports?
A. An system of port for the defence of the English Coastline
B. A series of Ports below seal level in east Anglia
C. A system of ports for the defence of the French coastline
D. A series of port with an official , royal monopoly in wool exports
7 Who coined the term of Ageism?
A. H.C. Armstrong
B. Pearl S. Buck
C. James Frazer
D. Robert N Butler
8 Where is the headquarters of African Development bank?
A. Abidjan
B. Niger
C. Nambia
D. Nigeria
9 Which industry group has the highest outstanding amount in non-small scale sector in Pakistan?
A. Textile industry
B. Engineering industry
C. Sugar industry
D. Iron industry
10 Which of the following would decrease aggregate demand?
A. Increased consumption
B. Increasing export revenue
C. Increasing taxation revenue
D. Increased investment

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