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Terminology Online Test MCQs With Answers
Question # 1
Which one of he following is not a natural element of power?
Choose an answer
Political parties
Resources
Population
Geography
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Question # 2
If you doctor ordered and EKG or ECG, What part of Your body Would be tested:
Choose an answer
Eyes
Bladder
Brain
Heart
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Question # 3
One in which people's economic affairs can take place freely but are subject to some government intervention and regulation:
Choose an answer
Traditional economy
Command economy
No such thing
Mixed economy
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Question # 4
Which one of the following is not an element of Democratic Socialism?
Choose an answer
Welfare state
Mixed economy
Social justice
Revolutionary change
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Question # 5
The first stock exchange in Pakistan was established in
Choose an answer
Lahore
Peshawar
Karachi
Islamabad
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Question # 6
For a perfectly competitive firm:
Choose an answer
Price equals marginal revenue
Price is greater than marginal revenue
Price equals total revenue
Price equals total cost
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Question # 7
Globalization is likely to increase with:
Choose an answer
More protectionism
An increase in tariffs
More trade within countries
Greater trade flows between countries
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Question # 8
A form of government in which minority rules outside the law is:
Choose an answer
Oligarchy
Tyranny
Aristocracy
Democracy
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Question # 9
'From each according to his ability, to each according to his need' is the theoretical slogan of which system?
Choose an answer
Communist system
Capitalist system
Fascist system
None of these
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Question # 10
If the minimum wage is set above the equilibrium wage rate then other things unchanged:
Choose an answer
There will be equilibrium in the labour market
There will excess demand in the labour
There will be excess supply in the labour market
More people will be employed
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Question # 11
What does the FBI stand for?
Choose an answer
Federal Bureau of Investigation
Frank and Ben Inc
French Banking industry
Father Brother ideas
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