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 introduced  the concept of 'Permanent Income Hypothesis'?

Question # 2

The allocation of scarce resources and nearly all other economic activity stams form ritual habit or custom:

Question # 3

The maximum price that a consumer is willing to pay for a good is called:

Question # 4

An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:

Question # 5

What does stesso mean?

Question # 6

Net investment is

Question # 7

Court granted permission to not pay some or all of its debts which force it out of business?

Question # 8

In times if slowdown of the economy, the fiscal policy influences aggregate demand through:

Question # 9

An increase in price all other things unchanged leads to:

Question # 10

Who gave the ''theory of comparative advantage''?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 Which term means the same distance form something?
A. Equilateral
B. Proportional
C. Equianglular
D. Equidistant
2 Gandhi coined the term Satyagraha, what is the meaning of Satyagraha?
A. Truth 
B. Custody 
C. Arrest 
D. Prosecuting 
3 Sometime a doctor orders radiology test, When he writes PCXR, what is he ordering:
A. Probable chest X-Ray
B. Primary Chest X-Ray
C. Portable Chest X-Ray
D. Possible Chest X-Ray
4 In America it is called a biscuit, What do the British call it?
A. Scone
B. Wafer
C. Cookie
D. Cone
5 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
6 Who defined "Economics is the Science of Wealth"?
A. J.K Mehta
B. Marshall
C. Adam Smith
D. Robbins
7 The reason for cost push inflation is:
A. Increase in money wages
B. Increase in rate of profit
C. Both of above
D. None of the above
8 The reserves of a commercial bank consist of:
A. The amount of money market funds it holds.
B. Deposits at the Federal Reserve Bank and vault cash
C. Government bonds which the bank holds
D. The bank's net worth.
9 A form of government in which minority rules outside  the law is:
A. Oligarchy
B. Tyranny
C. Aristocracy
D. Democracy
10 When total utility becomes maximum then marginal utility will be:
A. Minimum
B. Average
C. Zero
D. Negative

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