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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
What is inflation?
Choose an answer
Reduces the cost of living
Reduces the standard of living
Reduces the price of Products
Reduces the purchasing power of a pound
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Question # 2
The ideal of 'positive liberty' was first conceived by:
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Aristotle
Hegel
Green
Laski
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Question # 3
Dollar diplomacy term was originally coined by which president of USA?
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Theodore Roosevelt
Franklin D,Roosevelt
James Buchanan
Woodrow Wilson
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Question # 4
The resources in the economy do not include:
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Demand
Land
Labour
Capital
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Question # 5
Which of the following is not an item of transfer payment?
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Pension
Scholarship
Dividend
Subsidy
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Question # 6
Who defined "Economics is the Science of Wealth"?
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J.K Mehta
Marshall
Adam Smith
Robbins
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Question # 7
Who among he following talked of development tarp'?
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Lucian Pye
Fred Riggs
Myron Weiner
Edward shils
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Question # 8
Hobbes gives individual the right to disobey the sovereign for?
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Self Preservation
Protection of Freedom
Removing injustice
Removing injustice
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Question # 9
The sudden and violent overthrow of a government almost invariably by military is termed as:
Choose an answer
Revolution
Political change
Coup d' etat
none of these
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Question # 10
An increase in price all other things unchanged leads to:
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Shift demand out outwards
Shift demand inwards
A Contraction of demand
An extension of demand
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Question # 11
Which of these is an example of hindsight?
Choose an answer
Reading about the outbreak of WWII and then saying Europe should have stood up to Hitler at the Munich Conference
Thinking you have an important history exam but as there is no future in history you don't bother revising
Planning your day extremely carefully thinking about the potential outcome of each and every event
None of these
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