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

Monopoly is when there is a single:

Question # 2

The allocation of scarce resources and nearly all other economic activity stams form ritual habit or custom:

Question # 3

Uruguay Round of multilateral trade negotiations:

Question # 4

Black money is:

Question # 5

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

Question # 6

The primary use to the kinked-demand curve is to explain price rigidity in:

Question # 7

The BEU is an economic union,What does it stand for:

Question # 8

Which of the following would decrease aggregate demand?

Question # 9

In common meaning inflation is a condition in which__

Question # 10

Passive factor of production is:

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 When internal economics of scale occur:
A. Total costs fall
B. Marginal costs increase
C. Average costs fall
D. Revenue falls
2 Liberty is increased when sovereignty is put into the right hands' Who has made this statements?
A. Friedman
B. Hayek
C. I, Berlin
D. L, strauss
3 What does contemporary mean?
A. Form the past
B. Form the actual time
C. Form the actual time
D. None of the these
4 The extent to which persons or organizations are better off at the end of a period than they were at the beginning?
A. Profit
B. Inventory
C. Good
D. Fringe benefits
5 Which one of the following according to Morgenthau is not a vital component of national interest?
A. Physical identity
B. Political identity
C. Cultural identity
D. Individual identity
6 Who among the following is associated with 'Cicic-Sovereignty,Theory?
A. John Devey
B. John Strachy
C. R,H Tawney
D. S,G,Hobson
7 Who is the exponent of realist theory?
A. Mortan Kaplan
B. Hans Morgenthau
C. Martin Shubik
D. John Burton
8 Which of hr following can the government not use directly to control the economy:
A. Pay rates within the private sector
B. Pay rates in the pubic sector
C. Investment in education
D. Benefits available for the unemployed and sick
9 Which of the following is not a feature of Unitary System of the Government?
A. Administrative unity
B. Administrative empowerment
C. National unity
D. A coordination between national unity and Local self administration
10 What is the Essence of Control?
A. To take decision
B. To take corrective action
C. To make enquiry
D. To motivate

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