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

If you were being treated extremely well by someone and they made you fell really special, It is said that you are getting the _____ treatment?

Question # 2

Reducing inflation is a more important objective than economic growth is an example of:

Question # 3

If an increase in investment leads to a bigger increase in national income this is called the:

Question # 4

Over time the price of primary products tends to fall because:

Question # 5

What was meant by the term 'Bluestockings'?

Question # 6

The charge in quantity demanded because of the change in the relative price of the product?

Question # 7

Which of the following cannot be accepted factor of production?

Question # 8

Land is the only factor of production whose supply is?

Question # 9

In monopoly when abnormal profits are made:

Question # 10

Who is known as father of economics?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 What is a reflationary policy?
A. Increases aggregate supply
B. Increases aggregate demand
C. Decreases the price level
D. Increases full employment
2 The unproductive expenditure of the rich is Necessary to the employment of the poor:
A. An impediment to the growth of an economy
B. Having no bearing on the economy of the rich
C. Having no bearing on the economy
D. having bearing only on the economy of the rich
3 Karl Marx's used which  term for the capitalist class, comprising the owners of the means of production:
A. Causal logic
B. Bourgeoisie
C. Cohabitation
D. Class system
4 Individual cannot open his account in which of the followings banks?
A. Babib banks
B. National bank
C. State Bank of Pakistan
D. Commercial Banks
5 Court granted permission to not pay some or all of its debts which force it out of business?
A. Bond
B. Bankruptcy
C. Principal
D. Interest
6 To anticipate what the economy is going to do next the government will look at:
A. Lagging indicators
B. Flashing indicators
C. Coincidental indicators
D. Leading indicators
7 Incommon meaning inflation is a condition in which-
A. Price of commodity increases
B. Value of money decreases
C. Price of commodity and value of money both increases
D. Price of commodity increases and value of money decreases
8 FSBS means:
A. Finger stick body sugar
B. Final stick blood sugar 
C. Finger strict Blood sugar
D. Finger stick blood sugar
9 Which of the following is not a direct tax?
A. Income tax
B. Property tax
C. Sales tax
D. House tax
10 Which is the main reason of demand pull inflation?
A. Increase in money supply
B. Increase in commercial expenditure
C. Increase in foreign demand for goods
D. All of the above

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