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Terminology Online Test MCQs With Answers
Question # 1
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 # 2
Marx borrowed Dialectical Method form:
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Locke
Rousseau
Hegal
Green
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Question # 3
When was Common Market for Eastern and Southern African (COMESA) formed?
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1995
1994
1992
1991
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Question # 4
What is the full form of IAEA?
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International Atomic Energy Association
Indian Atomic Energy Agency
International Atomic Energy agency
International Atomic Ene3rfy Agency
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Question # 5
What does LIPS means?
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Last inning Pressure situations
Last inning Pitching Situations
Lats inning pressure situations
late inning pitching situations
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Question # 6
Total revenues neither increase nor decrease When price changes?
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unit elastic
Marginal utility
diminishing marginal utility
Traditional economy
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Question # 7
Net investment is
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Gross investment minus household investment
Gross investment minus govt.investment
Gross investment minus capital consumption allowance
None of the above
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Question # 8
What do the initials SEATO stand for?
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South-East Asia Treaty Organization
South-East Asian telecom Organization
South-East Asian Telephone Organization
None to the above
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Question # 9
What is meant by the term meritocracy?
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People achieving via merit
People achieving Via accident of birth
People achieving because of who they know
None of these
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Question # 10
Pakistan started its first five-year plan in
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1947
1950
1955
1960
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Question # 11
When total revenue is increasing:
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Marginal revenue may be either positive or negative
The demand curve is relatively inelastic
marginal revenue is positive
marginal Revenue is negative
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