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

Passive factor of production is:

Question # 2

Which one of he following ideologies considers political party as a vanguard of the social class?

Question # 3

If you collapse in a restaurant and quit breathing, You better hope that someone eise there known what?

Question # 4

Who prepared budget of Pakistan?

Question # 5

'From each  according to his ability, to each according to his need' is the theoretical slogan of which system?

Question # 6

Fire Insurance is based on the principle of-

Question # 7

What is a bludger?

Question # 8

Economic development is measured on the basis of

Question # 9

According to Keynes, real inflation takes place-

Question # 10

Which government income is included in revenue budget?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 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
2 What is termed to order an accused person to be kept in custody or placed on ball pending further court appearance?
A. Remand
B. Custody
C. Arrest
D. Prosecuting
3 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
4 Gesang is German for what?
A. Music
B. Song
C. Note
D. G Clef
5 The standard of living is often measured by:
A. Real GDP per capita
B. Real GDP
C. Real GDP population
D. Real GDP plus depreciation
6 Who introduced  the concept of 'Permanent Income Hypothesis'?
A. Irving Fisher
B. Adam smith
C. Milton Friedman
D. Franco
7 Demand for Primary products is likely to be:
A. Very sensitive to price
B. Price elastic
C. Unit elastic
D. Income inelastic
8 How many countries are belonged to Euro currency?
A. 14
B. 17
C. 15
D. 18
9 What does AAR stand for?
A. After action request
B. After action review
C. Alternate action request
D. Alternate action review
10 The four factor payment are:
A. Money, capital, salaries, and income
B. Wages, rent, interest, and profits
C. Money, power, prestige, and wealth
D. Wages, interest, salaries, and income

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