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

What is a grace note?

Question # 2

An industry comprised of a very large number of sellers producing a standardized product is known as:

Question # 3

Karl Marx's used which  term for the capitalist class, comprising the owners of the means of production:

Question # 4

What is a 'buttock line'?

Question # 5

In the short term a firm will firms produce provided the revenue:

Question # 6

In comparison to revenue deficit; the size of fiscal deficit is always

Question # 7

World trade has been increasing due to:

Question # 8

What is the full form of he NIPA?

Question # 9

The term 'Animal Spirit' was used by Keynes for?

Question # 10

The Samuelson Holt formula provides a measure of?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 The free market involves:
A. The free provision of products
B. The subsidising of products by the government
C. Market forces of supply and demand
D. All trad via barter
2 The BEU is an economic union,What does it stand for:
A. Belgian Economic Union
B. British Economic Union
C. Benelux Economic Union
D. Bombay Economic Union
3 Which of the following country has left the membership of OPEC?
A. Indonesia
B. Iraq
C. U.A.E
D. Angola
4 Economic development
A. The same as economic growth
B. Means improvement in lifestyle
C. Exists when there is equal distribution of income
D. All of the above
5 In the sports a team member that has played extremely well might receive____award:
A. VIP
B. WIA
C. TBP
D. MVP
6 Utility means:
A. Power to satisfy a want
B. Usefulness
C. Willingness of a person
D. Harmfulnes
7 What does the term''contingency workforce'' mean?
A. Employees who work on whatever tasks are most essential at that moment
B. Employees who are expected to travel a great deal for their employers 
C. Temporary employees who are hired for only as long as they needed
D. None of these
8 What does the Latin word 'chronos' mean?
A. Circle
B. Old
C. Time
D. Distance
9 The nature of statistical inference is?
A. Inductive
B. Deductive
C. Descriptive
D. Objective
10 Which government income is included in revenue budget?
A. Tax-revenue
B. Non tax-revenue
C. Both of above
D. None of the above

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