Terminology Online Test With Answers

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Terminology Online Test

Sr. # Questions Answers Choice
1 Maastricht Treaty is related to:
 Environment Protection <br> Europe unification <br> Limitation of Atomic Power <br> Unification of East and West Germany<br>
2 National income estimated in Pakistan is Prepared by:
 Commission <br> SBP <br> Ministry of Finance <br> C.S.O.
3 The process of budget making after re-evaluating every item expenditure in every financial year is known as:
 Performance Budgeting:<br> Deficit Budgeting <br> Zero Based Budgeting <br> Fresh Budgeting<br>
4 'Closed Economy' is that economy in which:
 Only export takes place <br> Money supply is fully controlled<br> Deficit financing takes place <br> Neither export nor import takes place<br>
5 Which is the largest import Pakistan?
 Food <br> Petroleum <br> Fertilizer <br> Medicine <br>
6 Which of he following is to not likely is not likely to be a government objective?
 Increasing employment <br> Increasing economic growth <br> Increasing government spending <br> Increasing the level of exports<br>
7 Price are likely to be least flexible:
 In oligopoly <br> In monopolistic competition <br> where product demand ins inelastic <br> In pure competition <br>
8 What is the meaning of term ''oilgopoly''?
A one-firm Industry.<br> Many producers of a differentiated.<br> A few firms producers of a differentiated product.<br> None of these <br>
9 The concept of disinvestment was introduced by:
 Friedman <br> Kaldor <br> Keynes <br> Myrdal<br>
10 When total revenue is increasing: Marginal revenue may be either positive or negative&nbsp; The demand curve is relatively inelastic marginal revenue is positive&nbsp; marginal Revenue is negative&nbsp;
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