Terminology MCQs Online Test

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Sr.#	Question	Answer
1	Who among the following was the first to propound the Pluralistic Theory of Sovereignty?	A. H.J.Laski B. Jean Bodin C. Otto Von Gierke D. Maclver
2	What is a reflationary policy?	A. Increases aggregate supply B. Increases aggregate demand C. Decreases the price level D. Increases full employment
3	Price are likely to be least flexible:	A. In oligopoly B. In monopolistic competition C. where product demand ins inelastic D. In pure competition
4	When was west African Monetary and Economic Union found?	A. 1991 B. 1994 C. 1992 D. 1995
5	PIN stand for:	A. Personal Identification Number B. Pass Identification Number C. Personal Ideological Number D. None of the above
6	Which of the following is not an item of transfer payment?	A. Pension B. Scholarship C. Dividend D. Subsidy
7	Where might you purchase an SUV?	A. flower garden B. Department store C. car dealership D. farmers market
8	The difference between gross investment and net investment is:	A. Depreciation B. Acceleration C. Capital investment D. Deceleration
9	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
10	Which of the following best expresses the law of demand:	A. A high price reduces demand B. A lower price reduces demand C. A higher prices reduces quantity demanded D. A lower prices shifts the demand curve to the right