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

The primary use to the kinked-demand curve is to explain price rigidity in:

Question # 2

Which one of the following is not a demerit of party system?

Question # 3

Who said ''Man is born free but every where he is in chains?

Question # 4

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

Question # 5

A monopolisitically competitive firm in short run equilibrium:

Question # 6

A fall in interest rates is likely to:

Question # 7

The basic different between the ''short run''and the ''long run'' is that:

Question # 8

Which does the government not control directly?

Question # 9

Which sociologist coined the term sociological imagination?

Question # 10

When the stock market is rising is called

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 The ideal of 'positive liberty' was first conceived by:
A. Aristotle
B. Hegel
C. Green
D. Laski
2 Which of the following is an indirect tax?
A. Coroporation tax
B. Excise Duty
C. Wealth tax
D. Capital Gains tax
3 If the price elasticity of demand is unit then a fall in price:
A. Reduces revenue
B. Leaves revenue unchanged
C. Increases revenue
D. Reduces costs
4 An increase in price all other things unchanged leads to:
A. Shift demand out outwards
B. Shift demand inwards
C. A Contraction of demand
D. An extension of demand
5 What is necessary to control cost push inflation?
A. To impose control on wages of labour
B. To remove market imperfections
C. Both of the above
D. None of the above
6 Who has said that a welfare state is'' a state that provides for its citizens a wide range of social services''?
A. G,D,H Cole
B. H, J, Laski
C. Abraham
D. T,W,Kent
7 Hedging and speculation in forx markets-
A. Are opposite activites
B. Parallel activites
C. Same activites
D. All of the above
8 Which one of the following is not an element of Democratic Socialism?
A. Welfare state
B. Mixed economy
C. Social justice
D. Revolutionary change
9 In times if slowdown of the economy, the fiscal policy influences aggregate demand through:
A. Discretionary element
B. Non-discretionary element
C. Lowering of tax rates
D. All of the above
10 The passion for equality made vain the hope for liberty"Who has made this statement?
A. J,S,Mill
B. V,I, Lenin
C. Jeremy Bentham
D. Lord Acton

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