Terminology MCQs Online Test

Terminology Online Test

Sr. #	Questions	Answers Choice
1	To reduce the supply of money the government could:	Reduce interest rates Buy back government bonds Sell government bonds Encourage banks to lend
2	The extent to which persons or organizations are better off at the end of a period than they were at the beginning?	Profit Inventory Good Fringe benefits
3	Who developed the innovation theory of profit?	Shumpeter Haley Prof,Knight Karl Marx
4	Which of the following is an active factor of production?	Land Labour Capital Organization
5	If correlation coefficient is equal to zero, then variables will be?	Associated Correlated Independent Dependent
6	The measure of the degree of association between the values of two random variables is called?	Correlation Association Regression Co-variance
7	If the cross price elasticity of demand between two goods X and Y is positive it means that goods are:	Independent Complements Substitutes Inferior
8	Marginal utility is equal to average utility at that time when average utility is:	Increasing Maximum Falling Minimum
9	Utility means:	Power to satisfy a want Usefulness Willingness of a person Harmfulnes
10	A simple correlation can defined as the tendency of?	Independent variation Dependent variation Simultaneous variation Instantaneous variation