Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Say's law of Markets states that:	A. Demand creates its own supply B. Supply creates its own demand C. Demand creates its own demand D. Supply creates its own supply
2	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
3	The former policy of the south African government designed to Maintain the separation of Blacks and other non-Whites form the dominant whites is called:	A. Alienation B. Apartheid C. Closed system D. Control group
4	Normal profit occurs when:	A. Average revenue equals average variable cost B. Marginal revenue equals marginal cost C. Average revenue equals marginal cost D. Average revenue equals average cost
5	Market value of all final goods and services produced in a country during a year is definition of	A. NI B. NNP C. GNP D. Consumption
6	BYOB stand for:	A. Bring your own Bottle B. bring your own body C. body your own bottle D. bone of the above
7	Individual cannot open his account in which of the followings banks?	A. Babib banks B. National bank C. State Bank of Pakistan D. Commercial Banks
8	Which of the following is an indirect tax?	A. Coroporation tax B. Excise Duty C. Wealth tax D. Capital Gains tax
9	A form of government in which minority rules outside the law is:	A. Oligarchy B. Tyranny C. Aristocracy D. Democracy
10	What does stesso mean?	A. Same B. more motion C. stop D. quicker