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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
Who introduce the concept of multiplier first of all?
Choose an answer
Napier
Albert Enstein
Keynes
Adam Smith
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Question # 2
Which of the following cannot be accepted factor of production?
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Land
Labour
Light of sun
Capital
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Question # 3
Who is known as father of economics?
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David Riccardo
Thomas Malthus
jean Colbert
Adam smith
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Question # 4
Which is not the characteristic of socialist or planned economy?
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Government is the owner of resources
Production decisions are determined by the government
Profit motive
None of the above
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Question # 5
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 # 6
In England, to what did the term 'alderman'
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A collector of alders
Similar to a town crier but with only Bi annual duties
Another name for mayor
A civic dignitary
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Question # 7
Headquarter of Asian Development Bank (ADV) is located at?
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Manila
Tokyo
Bangkok
New Delhi
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Question # 8
The unproductive expenditure of the rich is Necessary to the employment of the poor:
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An impediment to the growth of an economy
Having no bearing on the economy of the rich
Having no bearing on the economy
having bearing only on the economy of the rich
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Question # 9
What does SOP stand for:
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Special Operating Procedure
Special Operation Procedure
Standard Operating plan
simple operating Plan
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Question # 10
Where is the headquarters of World Trade Organization?
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New Delhi
New York
Geneva
None of the above
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Question # 11
The state us the product and manifestation of he irreconcilability of class antagonism. Who holds the above view?
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Marx
Lenin
Bakunin
Stalin
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