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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
Which organization has been founded to act as permanent watchdog on the international trade:
Choose an answer
ISRD
ADS
WTO
DIMF
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Question # 2
Which sociologist coined the term sociological imagination?
Choose an answer
C.Wright mills
max Weber
James Frazer
Emile Durkheim
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Question # 3
What does the term 'Beer Hall Putsch' refer to?
Choose an answer
A riot during the 1969 Munich Beer fest
Adolf Hitler's attempt to seize power in Bavaria
Paul von Hindenburg' siezure of Power of the Weimar republic
Renee el Payaso's march on Cuzcatlan
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Question # 4
A voluntary association of people formed to carry on some kind of economic activity that will benefit its members?
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Revenues
Cooperative
Horizontal merger
Labour union
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Question # 5
Which of the following is not required while computing Gross National product (GNP)?
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Net foreign investment
Private investment
Per Capital income of citizens
Purchase of goods by government
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Question # 6
Marx propounded the theory of class struggle mainly in:
Choose an answer
The Economic and Political Manuscript
The communist Manifesto
Das capital
The Poverty of Philosophy
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Question # 7
The allocation of scarce resources and nearly all other economic activity stams form ritual habit or custom:
Choose an answer
Mixed economy
Capitalism
Traditional economy
communism
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Question # 8
The free market involves:
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The free provision of products
The subsidising of products by the government
Market forces of supply and demand
All trad via barter
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Question # 9
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 # 10
Which of the following is a global organization?
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IMF
World Bank
WTO
All of these
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Question # 11
Who determines price under perfect competition?
Choose an answer
Representative firm
Industry
Normal firm
Government
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