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Terminology Online Test MCQs With Answers
Question # 1
Who coined the phrase ''Track Two Diplomacy''?
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Edmund Gullion
Names cable
Mr. Joseph Montville
John W, McDonald
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Question # 2
Fire Insurance is based on the principle of-
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Utmost Good faith
Insurable interest
Indemnity
Cooperation
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Question # 3
Incommon meaning inflation is a condition in which-
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Price of commodity increases
Value of money decreases
Price of commodity and value of money both increases
Price of commodity increases and value of money decreases
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Question # 4
Which theory holds that the right o the personality is the most important right o the man''?
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The Theory of natural Rights
The Legal Theory of Rights
The Historical Theory of Rights
The Idealistic theory of Rights
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Question # 5
Monopoly is when there is a single:
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Seller
Market
Buyer
Game
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Question # 6
Which one of he following committee has admitted the existence of a nexus between the politicians bureaucrats and criminals?
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Vohra committee
Santhanam committee
Narshimhan committee
Kripalani committee
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Question # 7
Marx advocated the establishment of a:
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Classless society
Stateless society
Casteless society
Classless and Stateless
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Question # 8
The pong diplomacy refers to the exchange of table tennis (ping-pong)players between which two countries in the early 1970:
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United States and China
United states and South Korea
United states and North Korea
China and South Korea
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Question # 9
The term 'Socialism' was first used by
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Robert Owen
Karl Marx
Lenin
Bernstein
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Question # 10
The prices elasticity of demand coefficient indicates:
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Buyer responsiveness to price changes
The extent to which a demand curve shifts as incomes changes
The slope of he demand curve
How far business executive can stretch their fixed costs
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Question # 11
What is inflation?
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Reduces the cost of living
Reduces the standard of living
Reduces the price of Products
Reduces the purchasing power of a pound
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