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Terminology Online Test MCQs With Answers
Question # 1
Who among he following gave the concept of 'mass' mind?
Choose an answer
Pareto
Mosca
Michels
Gassef
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Question # 2
When the money market is in equilibrium:
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The quantity of money demanded equals the quantity of money supplied
The interest rate is neither increasing nor decreasing
bond prices are stable
All of the above hold true
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Question # 3
Which one of the following is not a demerit of party system?
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Parties fight for their own interest
Party system destroys the individuality of man
Parties produce unnatural divisions
Parties harmonise the organs of government
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Question # 4
For Precise measurements of small weights we use the term'troy' what is its historic origin?
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The word is linked to the idea of ' three and is related to the Russian troika
Unit of Weight current in the medieval town of Troy
Unit of weight current in the medieval town of Troyes in France
It was first used by Heinrich Schliemann tor the fine measurements of weight he had to carry out whe
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Question # 5
The situation with increasing unemployment and inflation is termed as:
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Hyperinflation
Reflection
Stagflation
Galloping
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Question # 6
Which of the following cannot be accepted factor of production?
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Land
Labour
Light of sun
Capital
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Question # 7
A constitutionally recognized body is-
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Planning Commission
Finance commission
Forward Commission
Farmers Commission
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Question # 8
What does the term''contingency workforce'' mean?
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Employees who work on whatever tasks are most essential at that moment
Employees who are expected to travel a great deal for their employers
Temporary employees who are hired for only as long as they needed
None of these
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Question # 9
The asset demand for money:
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Is unrelated to both the interest rate and the level of GDP
Varies inversely with the rate of interest
Varies inversely with the level of real GDP
Varies directly with the level of nominal GDP
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Question # 10
Where is the headquarters of East African Development Bank?
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Uganda
South Africa
Zambia
Zimbabwe
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Question # 11
Who among the following thinker made the statement that, Covenant without sword are but words and of no strength to secure men at all?
Choose an answer
Pufendorf
Hobbes
Locke
Rousseau
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