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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"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test
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Question # 1
If in a production sector, along with the fixed factor of production, by increasing units of variable factors, marginal product remains constant, this tendency in economics is called
Question # 2
Under increasing return, the slope of marginal product curve is
Question # 3
Average product is maximum, when marginal product curve ______ average product curve
Question # 4
Law of decreasing return is immediately applied on
Question # 5
Price of perishable goods is determined in:
Question # 6
In a production process, when units of variable factors along with fixed factor of production are increased, marginal cost goes on rising, this tendency in economics is called
Question # 7
Laws of return are
Question # 8
The second name of law of decreasing return is
Question # 9
The second name of law of increasing return is
Question # 10
Supply of the one of the following is not fixed:
Question # 11
Supply is Fixed of:
Question # 12
When marginal product remains positive, total product
Question # 13
In a production process, when units of variable factors along with fixed factor of production are increased marginal cost goes on falling, this tendency in economics is called
Question # 14
When total product decreases, marginal product
Question # 15
When average product decreases, 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
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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 -
S Safa Kodvavi 10 - Mar - 2022 04 Min 53 Sec 13/15 -
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I Ibrahim Atif 15 - Dec - 2023 04 Min 46 Sec 12/15 -
M Muhammad aliaan 21 - Jan - 2021 07 Min 35 Sec 12/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Under decreasing return, the slope of marginal product curve is |
A. Negative
B. Positive
C. Infinite
D. Zero
|
| 2 | When average product is maximum, marginal product is |
A. Equal to average product
B. More than average product
C. Less than average product
D. Zero
|
| 3 | In a production process, when units of variable factors along with fixed factor of production are increased, marginal cost goes on rising, this tendency in economics is called |
A. Law of decreasing cost
B. Law of constant cost
C. Law of increasing cost
D. Law of increasing return
|
| 4 | In the market period supply is: |
A. Variable
B. Fixed
C. Zero
D. Positive
|
| 5 | Average product is maximum, when marginal product curve ______ average product curve |
A. Intersects falling
B. Intersect rising
C. Is above
D. Is below
|
| 6 | When marginal product is zero, total product is |
A. Maximum
B. Minimum
C. Negative
D. Zero
|
| 7 | If supply does not change, then due to rise in demand, equilibrium price. |
A. Increases
B. Decreases
C. Does not change
D. Becomes zero
|
| 8 | The sector of production, in which nature and human beings play an equal role, there is applicable |
A. Law of decreasing return
B. Law of decreasing cost
C. Law of increasing return
D. Law of constant return
|
| 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 |
A. Law of production
B. Law of increasing return
C. Law of decreasing return
D. Law of constant return
|
| 10 | The production sector where human brain and intelligence plays more role there is applicable |
A. Law of increasing return
B. Law of constant return
C. Law of decreasing return
D. Law of increasing cost
|
Test Questions
