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

Profit is measured by:

Question # 2

Which sector contributes the highest share in Gross domestic Saving?

Question # 3

One in which people's economic affairs can take place freely but are subject to some government intervention and regulation:

Question # 4

Friedman's theory of consumption focuses on:

Question # 5

What does LIPS means?

Question # 6

Which is the main reason of demand pull inflation?

Question # 7

When the money market is in equilibrium:

Question # 8

The process of budget making after re-evaluating every item expenditure in every financial year is known as:

Question # 9

The reserves of a commercial bank consist of:

Question # 10

What is "Dumping"?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 If the cross price elasticity of demand between two goods X and Y is positive it means that goods are:
A. Independent
B. Complements
C. Substitutes
D. Inferior
2 Which of the following country has left the membership of OPEC?
A. Indonesia
B. Iraq
C. U.A.E
D. Angola
3 From when did the Euro become a legal tender?
A. 1 December 1999
B. 1 January 2000
C. 1 January 2001
D. 1 January 2002
4 A paramedic reaches the scene of an automobile accident and says there are two DOAs, is that good or bad?
A. Good
B. Bad
C. Both good and bad
D. None of these
5 Where could you most likely have seen the letters TWA?
A. Army base
B. Church
C. Airport
D. Gift store
6 A form of government in which minority rules outside  the law is:
A. Oligarchy
B. Tyranny
C. Aristocracy
D. Democracy
7 Process of economic development means:
A. Economic change
B. Social change
C. Ethical, institutional and cultural change
D. All of these
8 Which country used Giant Pandas as diplomatic gifts to other countries (this term is famous as panda Diplomacy)?
A. China
B. USA
C. France
D. Uruguay
9 Share premium account can be used for-
A. Paying tax liability
B. Meeting the cost of issue of shares or debentures
C. Paying Dividend on shares
D. Meeting the loss on sale of old asset
10 In traditional economic theory four types of markets are identified. Which of the following is not one of them?
A. Capital Control Market
B. Monopoly
C. Monopolistic Competition
D. Oligopoly

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