Terminology Online Test With Answers

image
image
image

Terminology Online Test

Sr. # Questions Answers Choice
1 Who defined "Economics is the Science of Wealth"? J.K Mehta Marshall Adam Smith Robbins
2 Who became the first president of the European Central Bank? Wim Duisenberg Jean-Claude Trichet Alexandre Lamfalussy Philippe Maystadt
3 Who made the decision to name a single currency the Euro? European Commision European Council European Parliament European Central Bank
4 An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by: Adam Smith Marshall Robbins None of above
5 The concept of costing margin in the pricing theory was introduced by? Andrews Baumol Cournot Williamson
6 Pure monopoly means: Any market in which the demand curve to the firm is down sloping A standardized product being produced by many firms A single firm producing a product for which there are no close substitutes A large number of firms producing a differentiated product
7 What are the aims of international Monetary fund? To promote International monetary co-fund? The expansion of international trade and exchange rate stability To assist in the removal of exchange restricting and the establishment of a multilateral system of payment All of above
8 Opportunity cast of a factor is known as Transfer earning Money cost Present earning None of the above
9 What minimum price is acceptable by a firm in the short-period? Equal to AC Equal to AVC Equal to AFC Equal to TC
10 When did World Trade Organization replace GATT? 1 January 1995 1 January 1998 1 December 1999 1 June 2000
Download This Set
×