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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
The liquidity trap occurs when the demand for money:
Choose an answer
Is perfectly interest elastic
Is perfectly interest inelastic
Means that an increase in money supply leads to a fall in the interest rate
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Question # 2
What do the Initials IFAD stand for?
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International fund stand Air plane Development
India food approval department
International food approval department
International fun for Agricultural Development
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Question # 3
The effects of inflation on the price competitiveness of a country products may be offers by:
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An appreciation of the currency
A revaluation of the currency
A depreciation of the currency
Lower inflation abroad
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Question # 4
What do we call the conversation between tow or more characters:
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Dialect
Irony
Connotation
Dialogue
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Question # 5
Who among the following makes a distinction between society and state?
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Pareto
Maclver
Charles Merriam
Bryce
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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
What is the main cause of inflation?
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Increases in money supply
Fall in production
Increases in money supply and fall in production
Decreases in money supply and fall in production
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Question # 8
Who among the following initially mooted the policy of structural adjustments?
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Third world countries
Developed countries
United states of America
IMF and world Bank
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Question # 9
The four factor payment are:
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Money, capital, salaries, and income
Wages, rent, interest, and profits
Money, power, prestige, and wealth
Wages, interest, salaries, and income
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Question # 10
Where is the headquarters of African Development bank?
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Abidjan
Niger
Nambia
Nigeria
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Question # 11
What is a sequence of steps leading to a desired end?
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Algorithm
Hierarchy
Ambiguous
Sector
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