Terminology MCQs Online Test

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Sr.#	Question	Answer
1	In education PhD stands for what?	A. Doctor of Pharmacy B. Doctor of Philosophy C. Public Health Degree D. Public Housing Degree
2	"Economics is what economics do" it has been supported by:	A. Richard Jones B. Comte C. Gunnar Myrdal D. All of the above
3	What is a rug?	A. A lawn B. a sleeping bag C. a toupee D. a lap robe
4	Fire Insurance is based on the principle of	A. Utmost Good faith B. Insurable interest C. Indemnity D. Cooperation
5	The tendency to assume that one;s culture and way of life represent the norm or are superior to all others:	A. Incest taboo B. Endogamy C. Ethnocentrism D. Dependency
6	When the rate of money inflation increase then the prices of commodities?	A. Increase B. Decrease C. Remain constant D. Do not change
7	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
8	Menu costs in relation to inflation refer to:	A. Costs of finding better raters of return B. Cost of altering price lists C. Costs of money increasing its value D. Costs of revaluing the currency
9	What is concurrent writ?	A. Cancellation of original writ B. Two identical writs C. Duplicate to original writ D. Additional to original writ
10	Net investment is	A. Gross investment minus household investment B. Gross investment minus govt.investment C. Gross investment minus capital consumption allowance D. None of the above