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

In the short run films t in perfect competition will still produced provided:

Question # 2

Feeling of loyalty and attachment to one's nation or nation-state and strong support for tits interests is known as:

Question # 3

Which organization has been founded to act as permanent watchdog on the international trade:

Question # 4

What is the Essence of Control?

Question # 5

The measure of the degree of association between the values of two random variables is called?

Question # 6

"Economics is what economics do" it has been supported by:

Question # 7

A budgetary deficit means:

Question # 8

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

Question # 9

Which of these is an example of hindsight?

Question # 10

Which country is the largest wheat producing country of the world?

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General Knowldge Terminology Important MCQ's

Sr.# Question Answer
1 An increase in aggregate demand will have most effect on prices if:
A. Aggregate supply is price inelastic
B. Aggregate supply is price elastic
C. Aggregate supply has unitary price elasticity
D. Aggregate demand is price inelastic
2 Which of these is an example of hindsight?
A. Reading about the outbreak of WWII and then saying Europe should have stood up to Hitler at the Munich Conference
B. Thinking you have an important history exam but as there is no future in history you don't bother revising
C. Planning your day extremely carefully thinking about the potential outcome of each and every event
D. None of these
3 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
4 Adam Smith's The Wealth of nations was published in:
A. 1772
B. 1773
C. 1774
D. 1776
5 Irony is a contrast between expectation and reality, which of the following is not a  common type of irony?
A. verbal
B. dramatic
C. situational
D. Flashback
6 According to Keynes, real inflation takes place-
A. Before the level of full employment
B. On the level of full employment
C. After the level of full employment
D. All above are true
7 A business owned and run by one person?
A. All of the above
B. One man show
C. Sole proprietorship
D. That doesn't exist
8 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
9 When the rate of money inflation increase then the prices of commodities?
A. Increase
B. Decrease
C. Remain constant
D. Do not change
10 What is the full form of he NIPA?
A. national Institute of Public Administration
B. New institute of Public Administration
C. National institute of Pakistan
D. National institute of Provincial Administration

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