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

FSBS means:

Question # 2

Who has given scarcity definition of economics?

Question # 3

Karl Marx's used which  term for the capitalist class, comprising the owners of the means of production:

Question # 4

An outward shift of the production possibility frontier may be caused by:

Question # 5

What is meant by the term the Grey shirts movement?

Question # 6

What is a sequence of steps leading to a desired end?

Question # 7

In America it is called a biscuit, What do the British call it?

Question # 8

An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:

Question # 9

The asset demand for money:

Question # 10

Which UN organization is called is the World Bank?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 Which of the following is not a supply side measure?
A. increased training
B. Providing more information
C. Helping individuals to move location to find work
D. Increasing spending on existing  industries
2 Who among the following has maintained that the modern liberal democratic state has become an industrial state:
A. Galbraith
B. MacPherson
C. Keynes
D. Roosevelt
3 Process of economic development means:
A. Economic change
B. Social change
C. Ethical, institutional and cultural change
D. All of these
4 In a less Developed Country:
A. The Infrastructure is likely to be good
B. Real wages are likely to be high
C. Unemployment is likely to be low
D. The primary sector is likely to be significant
5 Which UN organization is called is the World Bank?
A. International Banks for Reconstruction and Development (IBRD)
B. International Banking system
C. International Banking Management system
D. All the Above
6 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
7 What is the full form of GPRS?
A. General Packet Radio Serial
B. General Packet Ratio Service
C. General Packet Radio service
D. General practical Radio service
8 What is a sequence of steps leading to a desired end?
A. Algorithm
B. Hierarchy
C. Ambiguous
D. Sector
9 According to Bushido (Way of the Warrior) which act is the ultimate test of loyalty (Japanese term )?
A. harikiri
B. Sengoku
C. Kamakura
D. Moritomo
10 An increase in cost will:
A. Shift aggregate demand
B. Shift aggregate supply
C. Reduce the natural rate of Unemployment
D. Increase the natural rate of unemployment

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