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Terminology Online Test MCQs With Answers
Question # 1
National income is a?
Choose an answer
Money value of goods and services produced in a country during a year
Money value of stocks and shares of a country during a year
Money value of capital goods produced by a country during a year
Money value of consumer goods produced by a country during a year
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Question # 2
When internal economics of scale occur:
Choose an answer
Total costs fall
Marginal costs increase
Average costs fall
Revenue falls
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Question # 3
What does pizzicato mean literally?
Choose an answer
Pinched
forced
pushed
happy
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Question # 4
Economic growth can be measured by:
Choose an answer
The CPI
The CBI
GDP
MPC
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Question # 5
Which included Capital budget?
Choose an answer
Income received from public borrowings
Income received from tax-sources
Income received from non-tax sources
All of the above
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Question # 6
Who has given scarcity definition of economics?
Choose an answer
Adam Smith
Marshall
Robbins
Robertson
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Question # 7
Monetary Policy of Pakistan is regulated by:
Choose an answer
Money Lenders
Central Bank
Private entrepreneurs
Government Policy
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Question # 8
What does sempre mean?
Choose an answer
Until
Quiet
Stop
Always
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Question # 9
Government of Pakistan issued currency on the basis of:
Choose an answer
Availability of gold in the country
Availability of dollars in the country
Demand for money in the country
Tax collection
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Question # 10
You might take your little puppy to what kind of doctor?
Choose an answer
DDS
DVM
MD
DC
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Question # 11
An individual whose attitude towards is known as:
Choose an answer
Risk averse
Risk loving
Risk neutral
None of them
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