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

Who has given scarcity definition of economics?

Question # 2

According to Keynes, real inflation takes place-

Question # 3

When the rate of money inflation increase then the prices of commodities?

Question # 4

Fire Insurance is based on the principle of

Question # 5

If employes cannot accept a job because of the cost o moving this is known as:

Question # 6

According to Marshall, the basis to consumer surplus is:

Question # 7

The pong diplomacy refers to the exchange of table tennis  (ping-pong)players between which two countries in the early 1970:

Question # 8

What is the main characteristic of a capialist of free market economy:

Question # 9

If you see 'sfz' under a note, what does it mean?

Question # 10

Where is the headquarters of World Trade Organization?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 The sudden and violent overthrow of a government almost invariably by military is termed as:
A. Revolution
B. Political change
C. Coup d' etat
D. none of these
2 Who is the exponent of realist theory?
A. Mortan Kaplan
B. Hans Morgenthau
C. Martin Shubik
D. John Burton
3 A Parliamentary Government cannot function without:
A. Write Constitution
B. Rigid constitution
C. Political Parties
D. Independent Judiciary
4 Which term refers to an awareness to the relationship between  the individual and his or her wider society?
A. Sociology
B. Sociological imagination
C. Social justice
D. Social interpretation
5 Profits is caused by-
A. Dynamic element in the economy
B. Innovation
C. Windfall
D. All of the above
6 An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:
A. Adam Smith
B. Marshall
C. Robbins
D. None of above
7 What is the full of the NASA:
A. National Aeronautics and space administration
B. Natural Aeronautics and space administration
C. natural Administration and space administration
D. Natural administration and space agency
8 Which one of the following is not a demerit of party system?
A. Parties fight for their own interest
B. Party system destroys the individuality of man
C. Parties produce unnatural divisions
D. Parties harmonise the organs of government
9 For a perfectly competitive firm:
A. Price equals marginal revenue
B. Price is greater than marginal revenue
C. Price equals total revenue
D. Price equals total cost
10 When was west African Monetary and Economic Union found?
A. 1991
B. 1994
C. 1992
D. 1995

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