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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
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
Law of decreasing return is immediately applied on
Question # 3
When marginal product is zero, total product is
Question # 4
When demand and supply rise in equal propoertion, the equilibrium price will:
Question # 5
When total product is maximum, marginal product
Question # 6
Change in total production is called
Question # 7
Under decreasing return, the slope of marginal product curve is
Question # 8
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 # 9
The sector of production, in which nature plays more role, there is applicable
Question # 10
When Demand > Supply it will be:
Question # 11
Market equilibrium take place where:
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
In law of decreasing return, marginal product
Question # 15
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
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 | Law of decreasing return is immediately applied on |
A. Agriculture
B. Trade
C. Industry
D. Construction
|
| 2 | According to classical economics, production process is under laws |
A. Two
B. Three
C. Four
D. Five
|
| 3 | When total product increases, marginal product |
A. Is positive
B. Is negative
C. May be positive or negative
D. Is zero
|
| 4 | In the market period supply is: |
A. Variable
B. Fixed
C. Zero
D. Positive
|
| 5 | 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 |
A. Law of increasing return
B. Law of constant return
C. Law of decreasing return
D. Law of production
|
| 6 | When total product is maximum, marginal product |
A. Is positive
B. Is negative
C. Is zero
D. Is decreasing
|
| 7 | In perfect competition number of firms is |
A. One
B. Two
C. A few
D. Large
|
| 8 | In law of constant return, marginal product |
A. Increases
B. Decreases
C. Remains constant
D. Remains changing
|
| 9 | Supply of the one of the following is not fixed: |
A. Vegetable
B. Fruit
C. Milk
D. Motor bike
|
| 10 | 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
|
Test Questions
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