Terminology MCQs Online Test

Terminology Online Test

Sr. #	Questions	Answers Choice
1	Increase in fixed asset due to purchase is	Source of fund Fund from operation Use of fund None of the above
2	Fire Insurance is based on the principle of	Utmost Good faith Insurable interest Indemnity Cooperation
3	Fire Insurance is based on the principle of-	Utmost Good faith Insurable interest Indemnity Cooperation
4	We measure national income by this method	Expenditure method Income method Produnt method All of the above
5	The four factor payment are:	Money, capital, salaries, and income Wages, rent, interest, and profits Money, power, prestige, and wealth Wages, interest, salaries, and income
6	GNP is always	Less than NN Greater than NNP Equal to NNp Any of A,b,c
7	What is the Essence of Control?	To take decision To take corrective action To make enquiry To motivate
8	Who is known as Father of scientific Management?	Henry Fayol Elton Mayo Chester Bernard F.W Taylor
9	Where is the headquarters of African Development bank?	Abidjan Niger Nambia Nigeria
10	In the factors for production market what do the house holds sell to the firms?	Income Labour Goods and services Rent