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

When stock market is falling is called

Question # 2

Who is known as father of economics?

Question # 3

Who issue 10-rupee note?

Question # 4

VPP stands for:

Question # 5

Which one of he following is not a natural element of power?

Question # 6

Who introduced  the concept of 'Permanent Income Hypothesis'?

Question # 7

An outward shift of the production possibility frontier may be caused by:

Question # 8

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

Question # 9

According to the law of diminishing utility:

Question # 10

In common meaning inflation is a condition in which__

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 The situation with increasing unemployment and inflation is termed as:
A. Hyperinflation
B. Reflection
C. Stagflation
D. Galloping
2 When the rate of money inflation increase then the prices of commodities?
A. Increase
B. Decrease
C. Remain constant
D. Do not change
3 If an economy is productively efficient:
A. Everyone is wealthy
B. Resource are unemployed
C. More of one product can only be produced if less of another product is produced
D. The distribution of income is equal
4 Every country establishes central bank to:
A. issue notes
B. Supervise commercial banks
C. Give loans to businessmen
D. Both a and b
5 Price are likely to be least flexible:
A. In oligopoly
B. In monopolistic competition
C. where product demand ins inelastic
D. In pure competition
6 Passive factor of production is:
A. Only land
B. Only capital
C. Both land and capital
D. Neither land nor capital
7 The tendency to assume that one;s culture and way of life represent the norm or are superior to all others:
A. Incest taboo
B. Endogamy
C. Ethnocentrism
D. Dependency
8 Maastricht Treaty is related to:
A. Environment Protection
B. Europe unification
C. Limitation of Atomic Power
D. Unification of East and West Germany
9 Who is known as Father of scientific Management?
A. Henry Fayol
B. Elton Mayo
C. Chester Bernard
D. F.W Taylor
10 What does FPCT stand for?
A. fielding percentage
B. fielding Put outs
C. fielding pick offs
D. fielding errors

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