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

When the economic activity in an economy is on the decline, then it is called a:

Question # 2

The requirement that people select mates outside certain groups:

Question # 3

Which is the monetary measure to control inflation?

Question # 4

In a free market the combination of products produced will be determined by:

Question # 5

What is the full form of the LASER?

Question # 6

Less Developed Countries tend to have:

Question # 7

'Closed Economy' is that economy in which:

Question # 8

BYOB stand for:

Question # 9

Investment is defined as a-

Question # 10

Income tax in subcontinent was introduced by?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 What is a check representing a portion of the corporate earnings or profits called?
A. Dividend
B. proxy
C. stock
D. fringe benefits
2 Utility means:
A. Power to satisfy a want
B. Usefulness
C. Willingness of a person
D. Harmfulnes
3 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
4 A rise in the general level of prices is called
A. A very bad thing
B. Raise
C. Inflation
D. Payroll
5 World Economic Outlook report is issued annually by?
A. IMF
B. ILO
C. WHO
D. World Bank
6 Reducing inflation is a more important objective than economic growth is an example of:
A. Normative economics
B. Positive economics
C. Objective economics
D. Reality economics
7 Which one of the following is not an element of Democratic Socialism?
A. Welfare state
B. Mixed economy
C. Social justice
D. Revolutionary change
8 What is a grace note?
A. A long played after a beat 
B. A note that switches form 2 tones rapidly and rapidly and repeatively
C. A form of notation that some composers writer in
D. A usually short note, that is written smaller than normal and is mostly played before a beat
9 Who among the following opines that public service and not sovereignty is the essential characteristic of he State?
A. Otto Von Gierke
B. Leon Duguit
C. Emest Barker
D. A, D, Lindsay
10 The reduce the Federal funds rate the fed can:
A. Buy government bonds form the public
B. Increase the discount rate
C. Sell government bonds to commercial banks
D. Increase the prime interest rate

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