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

In common meaning inflation is a condition in which__

Question # 2

Economic development

Question # 3

'SAPFA' stands for:

Question # 4

The measure of the degree of association between the values of two random variables is called?

Question # 5

In the short run films t in perfect competition will still produced provided:

Question # 6

The term was first applied to describe the efforts of United states secretary of state Henry Kissinger,beginning November Hostilities followings the Yom Kipur War?

Question # 7

A market with few  entry barriers and with many firms that sell different product is:

Question # 8

AWACS stands for;

Question # 9

In traditional economic theory four types of markets are identified. Which of the following is not one of them?

Question # 10

Irony is a contrast between expectation and reality, which of the following is not a  common type of irony?


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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 who among the following is associated with the Iron Law of Oligarchy?
A. Michels
B. Mosca
C. Mills
D. Laski
2 In monopoly when abnormal profits are made:
A. The price set is greater than the marginal cost
B. The price is less than the average cost
C. The average revenue equals the marginal cost
D. Revenue equals total cost
3 Hedging and speculation in forx markets-
A. Are opposite activites
B. Parallel activites
C. Same activites
D. All of the above
4 What does 'chronology' mean?
A. Something that happened before 1500
B. Any history that is boring
C. In the correct order of time
D. None of these
5 What is the full form of the LASER?
A. Leg Amputation by Stimulated Emission of Radiation
B. Light Amputation by Systematic Emission of Radiation
C. Light Amplification by stimulated Emission of Radiation
D. Light Amputation by Stimulated Exit of Radiation
6 According to Marshall, the basis to consumer surplus is:
A. Law of diminishing marginal utility
B. Law of equimarginal utility
C. Law of proportions
D. All of the above
7 Who wrote ''An inquiry into the Nature and Causes of the Wealth of National''?
A. Lionel Robbins
B. Adam Smith
C. Paul Samuelson
D. Enrico Barone
8 Who among he following talked of development tarp'?
A. Lucian Pye
B. Fred Riggs
C. Myron Weiner
D. Edward shils
9 FSBS means:
A. Finger stick body sugar
B. Final stick blood sugar 
C. Finger strict Blood sugar
D. Finger stick blood sugar
10 What does USMC stand for?
A. Uncle Sam's Misguided children
B. United states Marine corpse
C. United states Marine corps
D. United states Military company

Test Questions