Terminology MCQs Online Test

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Sr.#	Question	Answer
1	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
2	Increase in fixed asset due to purchase is	A. Source of fund B. Fund from operation C. Use of fund D. None of the above
3	Developing economies usually:	A. Have large industrialized sectors B. Are dependent on primary products C. Have high levels of wealth D. Earn more form exports than is spent on imports
4	The concept of premium applies to a person that is:	A. Risk loving B. Risk averse C. Risk neutral D. None of them
5	Which does the government not control directly?	A. Spending on health B. Spending on defence C. Firms investment decisions D. Spending on education
6	Colin Evans recognized to be the world's leading trade diplomat is related with which kind of Diplomacy?	A. Track I diplomacy B. Track II diplomacy C. Shuttle diplomacy D. Freelance Diplomacy
7	Passive factor of production is:	A. Only land B. Only capital C. Both land and capital D. Neither land nor capital
8	Profits is caused by-	A. Dynamic element in the economy B. Innovation C. Windfall D. All of the above
9	Where is the headquarters of Caribbean Development bank?	A. Barbados B. Guyana C. Trinidad D. Tobago
10	A significant increase in the government budget deficit is likely to:	A. Reduce injections into the economy B. Reduce national income C. Move the economy away from full employment D. Boost aggregate demand