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

What is the full form of he NIPA?

Question # 2

An increase in national income is:

Question # 3

What do the initials SEATO stand for?

Question # 4

What is the main cause of inflation?

Question # 5

Which is not the characteristic of socialist or planned economy?

Question # 6

The term condition refers to:

Question # 7

When was the world Federation of Trade Union founded?

Question # 8

When a bank loan is repaid the supply of money:

Question # 9

What is a hard currency?

Question # 10

What is meant by the term meritocracy?

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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 Who determines price under perfect competition?
A. Representative firm
B. Industry
C. Normal firm
D. Government
3 The BEU is an economic union,What does it stand for:
A. Belgian Economic Union
B. British Economic Union
C. Benelux Economic Union
D. Bombay Economic Union
4 A budgetary deficit means:
A. Total expenditure is more than total revenue
B. Current expenditure is more than current revenue
C. Capital expenditure is more than capital revenue
D. Total expenditure is more than current revenue
5 ADC is an abbreviation used in the social work field and court system. what  does tit stand for?
A. aid to deceased children's families
B. aid to dependent children
C. aid to dependent children
D. aid to developing crisis plans
6 Who among the following was a great supporter of he Divine Theory of origin of the State?
A. Bentham
B. J,S, Mill
C. Hobbes
D. James I
7 What do you do to a note when there is an inverted Von top of it?
A. It doesn't mean anything The composers just wanted pictures of mountains and shark fins!
B. Make the cote long and vibrated
C. Make the tone sharp and ugly
D. Make lth note short and accented
8 Which is not the characteristic of socialist or planned economy?
A. Government is the owner of resources
B. Production decisions are determined by the government
C. Profit motive
D. None of the above
9 In monopoly when abnormal profits are made:
A. The price set is greater than the marginal cost
B. The price is less than the average cost
C. The average revenue equals the marginal cost
D. Revenue equals total cost
10 The process of budget making after re-evaluating every item expenditure in every financial year is known as:
A. Performance Budgeting:
B. Deficit Budgeting
C. Zero Based Budgeting
D. Fresh Budgeting

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