Terminology Online Test With Answers

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Terminology Online Test

Sr. # Questions Answers Choice
1 Demand pull inflation may be caused by:
 an increase in costs <br> a reduction in interest rate <br> a reduction in government spending <br> an outward shift in aggregate supply <br>
2 The precautionary demand for money is:
 An idle balance <br> An active balance <br> Directly related to interest rates <br> Inversely related to income<br>
3 Which measure can check inflation?
 surplus budgeting <br> Increase in Direct taxation <br> Curtaliment in Public expenditure <br> All of these <br>
4 Profit is measured by:
 Revenue - fixed costs <br> fixed cost + revenue <br> Revenue - sales <br> Revenue - total costs <br>
5 What is the effect the economy if reducing involuntary unemployment?
 It helps the economy move on to the Helps shift the economy move on to the Production Possibility Frontier <br> Helps shift the economy's production Possibility Frontier out wards <br> Helps the economy move along its Production possibility Frontier <br> Helps the economy Frontier<br>
6 Which of the following is not a supply side measure?
 increased training <br> Providing more information <br> Helping individuals to move location to find work <br> Increasing spending on existing&nbsp; industries <br>
7 What is a check representing a portion of the corporate earnings or profits called?
 Dividend <br> proxy <br> stock <br> fringe benefits <br>
8 One in which people's economic affairs can take place freely but are subject to some government intervention and regulation:
 Traditional economy <br> Command economy <br> No such thing <br> Mixed economy <br>
9 The driving force that encourages people and organizations to improve their material well being is called:
 Private property <br> Big houses <br> Vacations <br> Profit motive <br>
10 World Economic Outlook report is issued annually by?
 IMF <br> ILO <br> WHO <br> World Bank <br>
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