Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Who coined the term of Ageism?	A. H.C. Armstrong B. Pearl S. Buck C. James Frazer D. Robert N Butler
2	When a firm is maximizing profit it will necessarily be:	A. Maximizing profit per unit of ouput B. Maximizing the difference between total revenue and total cost C. Minimizing total cost D. Maximizing total revenue
3	UNA stand for:	A. Urgent Access Number B. Universal Access Number C. Universe Access Number D. None of above
4	Market value of all final goods and services produced in a country during a year is definition of	A. NI B. NNP C. GNP D. Consumption
5	Which one of the following is not an element of Democratic Socialism?	A. Welfare state B. Mixed economy C. Social justice D. Revolutionary change
6	Where is the headquarters of World Trade Organization?	A. New Delhi B. New York C. Geneva D. None of the above
7	Demand pull inflation may be caused by:	A. an increase in costs B. a reduction in interest rate C. a reduction in government spending D. an outward shift in aggregate supply
8	Who among he following talked of development tarp'?	A. Lucian Pye B. Fred Riggs C. Myron Weiner D. Edward shils
9	What theory explains why deflation may actually leads to an increase in GDP?	A. Solow Effect B. rational Expectations C. Pigou effect D. Adaptive Expectations
10	From when did the Euro become a legal tender?	A. 1 December 1999 B. 1 January 2000 C. 1 January 2001 D. 1 January 2002