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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
00:00
Question # 1
Applied on agriculture immediately
Question # 2
Price of perishable goods is determined in:
Question # 3
Under decreasing return, the slope of marginal product curve is
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
Total product decreases, when marginal product is
Question # 6
The sector of production, in which nature and human beings play an equal role, there is applicable
Question # 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
Question # 8
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 # 9
When average product decreases, marginal product
Question # 10
Under constant return, the slope of marginal product curve is
Question # 11
The second name of law of constant return is
Question # 12
Supply is Fixed of:
Question # 13
When demand and supply rise in equal propoertion, the equilibrium price will:
Question # 14
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 # 15
If supply does not change, then due to rise in demand, equilibrium price.
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 -
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 | The second name of law of decreasing return is |
A. Law of increasing cost
B. Law of constant cost
C. Law of decreasing cost
D. Law of cost
|
| 2 | Supply curve of perishable goods is: |
A. Horizontal
B. Vertical
C. Infinite
D. All of them
|
| 3 | Increasing marginal product shows the law |
A. Law of increasing return
B. Law of constant return
C. Law of decreasing return
D. Law of diminishing marginal utility
|
| 4 | 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
|
| 5 | Market equilibrium take place where: |
A. D = S
B. D > S
C. D < S
D. Both (b) and (c)
|
| 6 | If supply does not change, then due to rise in demand, equilibrium price. |
A. Increases
B. Decreases
C. Does not change
D. Becomes zero
|
| 7 | Laws of return are |
A. Two
B. Three
C. Four
D. Five
|
| 8 | 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
|
| 9 | In law of decreasing return, marginal product |
A. Increases
B. Decreases
C. Remains constant
D. Does not change
|
| 10 | When average product decreases, marginal product |
A. Increases
B. Is zero
C. Is equal to average product
D. Is less than average product
|
Test Questions
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