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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
According to classical economics, production process is under laws
Question # 2
When demand and supply rise in equal propoertion, the equilibrium price will:
Question # 3
Supply is Fixed of:
Question # 4
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 # 5
Increasing marginal product shows the law
Question # 6
The sector of production, in which nature and human beings play an equal role, there is applicable
Question # 7
The second name of law of increasing return is
Question # 8
Price of perishable goods is determined in:
Question # 9
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 # 10
Laws of return are
Question # 11
When total product decreases, marginal product
Question # 12
When total product is maximum, marginal product
Question # 13
Applied on agriculture immediately
Question # 14
The number of laws of cost are
Question # 15
In law of decreasing cost, marginal cost
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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M Muhammad Hammad Shekhani 30 - Jun - 2021 11 Min 40 Sec 15/15 -
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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 | 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
|
| 2 | When total product is maximum, marginal product |
A. Is positive
B. Is negative
C. Is zero
D. Is decreasing
|
| 3 | In law of decreasing cost, marginal cost |
A. Increases
B. Decreases
C. Remains constant
D. Does not change
|
| 4 | 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
|
| 5 | Market equilibrium take place where: |
A. D = S
B. D > S
C. D < S
D. Both (b) and (c)
|
| 6 | 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
|
| 7 | Supply is Fixed of: |
A. Perishable goods
B. Free goods
C. Durable goods
D. Substitute goods
|
| 8 | The second name of law of increasing return is |
A. Law of cost
B. Law of increasing cost
C. Law of decreasing cost
D. Law of constant cost
|
| 9 | Production which is produced with a particular combination of factors of production, is called |
A. Total product
B. Average product
C. Marginal product
D. Positive product
|
| 10 | Under constant return, the slope of marginal product curve is |
A. Positive
B. Negative
C. Infinite
D. Zero
|
Test Questions
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