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

If a few firms dominate an industry the market is known as:

Question # 2

A budgetary deficit means:

Question # 3

Which theory is generally included under micro economics?

Question # 4

In monopoly when abnormal profits are made:

Question # 5

Who wrote 'The general Theory of Employment,interest and money''?

Question # 6

What theory explains why deflation may actually lead to an increase in GDP?

Question # 7

In comparison to revenue deficit; the size of fiscal deficit is always

Question # 8

"Economics is what economics do" it has been supported by:

Question # 9

What is meant by the term meritocracy?

Question # 10

In the sports a team member that has played extremely well might receive____award:


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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 Who issue 10-rupee note?
A. National Bank of Pakistan
B. State Bank of Pakistan
C. Govt of Pakistan
D. Governor of Pakistan
2 The value of money varies:
A. Inversely with the price level
B. Directly either the volume of employment
C. Directly with the price level
D. Directly with the interest rate
3 If the price elasticity of demand is unit then a fall in price:
A. Reduces revenue
B. Leaves revenue unchanged
C. Increases revenue
D. Reduces costs
4 Who is the exponent of realist theory?
A. Mortan Kaplan
B. Hans Morgenthau
C. Martin Shubik
D. John Burton
5 What is the main cause of inflation?
A. Increases in money supply
B. Fall in production
C. Increases in money supply and fall in production
D. Decreases in money supply and fall in production
6 Income tax in subcontinent was introduced by?
A. Sir Charles Wood
B. Lord Macaule
C. James Wilson
D. William Jones
7 Incommon meaning inflation is a condition in which-
A. Price of commodity increases
B. Value of money decreases
C. Price of commodity and value of money both increases
D. Price of commodity increases and value of money decreases
8 The first stock exchange in Pakistan was established in
A. Lahore
B. Peshawar
C. Karachi
D. Islamabad
9 What do the initials SEATO stand for?
A. South-East Asia Treaty Organization
B. South-East Asian telecom Organization
C. South-East Asian Telephone Organization
D. None to the above
10 The sudden and violent overthrow of a government almost invariably by military is termed as:
A. Revolution
B. Political change
C. Coup d' etat
D. none of these

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