Terminology MCQs Online Test

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Sr.#	Question	Answer
1	A reduction in the money supply is likely to:	A. Reduce the interest rate B. Increase the interest rate C. Increase inflation D. Decrease deflation
2	GRE Stand for:	A. General Record Examination B. Graduate record Examination C. Graduate Reading Examination D. Graduate Record Entry
3	Fire Insurance is based on the principle of-	A. Utmost Good faith B. Insurable interest C. Indemnity D. Cooperation
4	The reason for cost push inflation is:	A. Increase in money wages B. Increase in rate of profit C. Both of above D. None of the above
5	Gesang is German for what?	A. Music B. Song C. Note D. G Clef
6	An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:	A. Adam Smith B. Marshall C. Robbins D. None of above
7	Gross National Income is always more than net national income because it includes:	A. Foreign income B. Capital consumption allowance C. Indirect taxes D. Direct taxes
8	Which industry group has the highest outstanding amount in non-small scale sector in Pakistan?	A. Textile industry B. Engineering industry C. Sugar industry D. Iron industry
9	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
10	Whose opinions have revolutionized the scope of macro economics?	A. Adam Smith B. J.B Say C. J,M Keynes D. All of the above