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 term 'Socialism' was first used by

Question # 2

Where might you purchase an SUV?

Question # 3

An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:

Question # 4

A written promise to reply the amount borrowed at a later date?

Question # 5

Who Defined sovereignty as the supreme authority which is independent of any other earthly authority?

Question # 6

An increase in aggregate demand is more likely to lead to demand id more likely to lead to demand pull inflation if:

Question # 7

What does the term 'Beer Hall Putsch' refer to?

Question # 8

Who issue 10-rupee note?

Question # 9

The measure of the degree of association between the values of two random variables is called?

Question # 10

What do we call a lyric ode written in honor of a bride and groom?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 A multinational business:
A. Sells products abroad
B. Produces in more than one country
C. Imports form abroad
D. Sells only domestically
2 The liquidity trap occurs when the demand for money:
A. Is perfectly interest elastic
B. Is perfectly interest inelastic
C. Means that an increase in money supply leads to a fall in the interest rate
3 What do we call a lyric ode written in honor of a bride and groom?
A. Sonnet
B. Elegy
C. Epithalamium
D. Pastoral Elegy
4 According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is:
A. Downward sloping
B. U-shaped
C. Upward sloping
D. Vertical
5 A monopolisitically competitive firm in short run equilibrium:
A. Will make negative profit (loss money)
B. Will make zero profit (break-even)
C. Will make positive profit
D. Any of the given are possible
6 According to the law of diminishing utility:
A. Utility is a maximum whit the first unit
B. Increase units of consumption increase the marginal utility
C. Marginal product will fall as more units are consumed
D. Total utility will rise at a falling rate as more units are consumed
7 Which of the following is a global organization?
A. IMF
B. World Bank
C. WTO
D. All of these
8 Who is known as father of economics?
A. David Riccardo
B. Thomas Malthus
C. jean Colbert
D. Adam smith
9 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
10 'SAPFA' stands for:
A. South Asian Preferential Trading Arrangement
B. South Asian Promotion of Trade Agreement
C. SAARC Promotion of Trade Authority
D. None of all

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