Terminology MCQs Online Test

Terminology Online Test

Sr. #	Questions	Answers Choice
1	The term dollar is not a part of the name of the currency in which of the following countries?	Malaysia Italy Singapore USA
2	From when did the Euro become a legal tender?	1 December 1999 1 January 2000 1 January 2001 1 January 2002
3	When a firm is maximizing profit it will necessarily be:	Maximizing profit per unit of ouput Maximizing the difference between total revenue and total cost Minimizing total cost Maximizing total revenue
4	Which os the main reason of demand pull inflation?	Increase in money supply Increase in comercial expenditure Increase in foreign demand for goods All of the above
5	Marshall's representative firm is a long-run average firm while optimum firm is a:	Maximum cost firm Minimum cost firm Marginal cost firm Average cost firm
6	When Pakistan join the WTO?	January 1, 1995 February 1, 1995 January 1, 2001 Pakistan is not a member
7	Which of the following is a global organization?	IMF World Bank WTO All of these
8	In a less Developed Country:	The Infrastructure is likely to be good Real wages are likely to be high Unemployment is likely to be low The primary sector is likely to be significant
9	Less Developed Countries tend to have:	A high average age A slow population growth rate High life expectancy A low literacy rate
10	Land is the only factor of production whose supply is?	More Elastic Perfectly Elastic Perfectly Inelastic Unitary Elastic