Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
This online test contains MCQs about following topics:
. Analysis of firms output . Laws of return . Law of increasing return . Application of law of increasing return . Law of constant return . Law of diminishing return . Laws of costs . Allpication of law of deminishing return
ICOM Part 1 Economics Ch 5 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 5 "Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test"
Try The MCQ's Test For Chapter 5 "Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test"
-
Total Questions15
-
Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test
00:00
Question # 1
Average product is maximum, when marginal product curve ______ average product curve
Question # 2
Total product decreases, when marginal product is
Question # 3
When average product decreases, marginal product
Question # 4
In a production process, when units of variable factors along with the fixed factor of production are increased, marginal cost remains the same, this tendency in economics is called
Question # 5
When marginal product is zero, total product is
Question # 6
Law of decreasing return is immediately applied on
Question # 7
When average product is maximum, marginal product is
Question # 8
When total product is maximum, marginal product
Question # 9
In production process when marginal product increases with the increase in units of variable factors along with fixed factor, this tendency in economics is called
Question # 10
Production which is produced with a particular combination of factors of production, is called
Question # 11
The sector of production, in which nature plays more role, there is applicable
Question # 12
Under decreasing return, the slope of marginal product curve is
Question # 13
In law of constant return, marginal product
Question # 14
Equilibrium price is determined in.
Question # 15
When average product increase, marginal product
11th Principle of Economics Chapter 5 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 5 Laws of Return Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 5 "Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test" MCQ`s Test
-
S Subtain Ahmed Raza 21 - Jul - 2023 02 Min 48 Sec 15/15 -
M Muhammad Hammad Shekhani 30 - Jun - 2021 11 Min 40 Sec 15/15 -
R Rimsha Fsdpk 29 - Mar - 2023 03 Min 13 Sec 14/15 -
R Ramla Akhlaq 13 - Jul - 2021 04 Min 04 Sec 14/15 -
H hamza abid 17 - Aug - 2021 10 Min 50 Sec 14/15 -
A Azhan 23 - Jan - 2021 01 Min 38 Sec 13/15 -
A Abeer 08 - Feb - 2024 02 Min 37 Sec 13/15 -
A Arzoo Qaiser 30 - Jan - 2026 03 Min 01 Sec 13/15 -
S Safa Kodvavi 10 - Mar - 2022 04 Min 53 Sec 13/15 -
B Bilal zafar 07 - Jun - 2024 01 Min 55 Sec 12/15 -
E ekta 05 - Aug - 2021 03 Min 36 Sec 12/15 -
A Asif Iqbal 20 - Apr - 2023 03 Min 52 Sec 12/15 -
H Haroon Raza 05 - Feb - 2021 04 Min 00 Sec 12/15 -
S Sania Butt 01 - Jun - 2024 04 Min 26 Sec 12/15 -
I Ibrahim Atif 15 - Dec - 2023 04 Min 46 Sec 12/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | No factor can take the place of any other factor, it is explained by |
A. Law of decreasing return
B. Law of constant return
C. Law of increasing return
D. Law of return
|
| 2 | Equilibrium price is determined in. |
A. Perfect market
B. Imperfect market
C. Monopoly
D. None of these
|
| 3 | Supply curve of perishable goods is: |
A. Horizontal
B. Vertical
C. Infinite
D. All of them
|
| 4 | In perfect competition number of firms is |
A. One
B. Two
C. A few
D. Large
|
| 5 | When total product increases, marginal product |
A. Is positive
B. Is negative
C. May be positive or negative
D. Is zero
|
| 6 | Equilibrium price is determined where: |
A. D = S
B. D > S
C. D < S
D. Both (b) and (c)
|
| 7 | In production process, when units of variable factors along with fixed factor of production are increased, marginal product goes on failing, this tendency in economics is called |
A. Law of decreasing return
B. Law of increasing return
C. Law of production
D. Law of constant return
|
| 8 | Law of decreasing return is immediately applied on |
A. Agriculture
B. Trade
C. Industry
D. Construction
|
| 9 | In a production process, when units of variable factors along with the fixed factor of production are increased, marginal cost remains the same, this tendency in economics is called |
A. Law of decreasing cost
B. Law of constant cost
C. Law of increasing cost
D. Law of decreasing return
|
| 10 | Market equilibrium take place where: |
A. D = S
B. D > S
C. D < S
D. Both (b) and (c)
|
Test Questions