11th Chapter

ICS Part 1 Economics Chapter 11 MCQs Test

First Year Economics Chapter 11 Online MCQ Test for 1st Year Economics Chapter 11 (Scale of Production and Laws of Returns)

This online test contains MCQs about following topics:

Large Scale production . Small scale . Economies of scale . Laws of returns . Law of variable proportions . Law of decreasing returns , Laws of cost . Total marginal average quantities

ICS Part 1 Economics Chapter 11 Test

Start Chapter 11 Test

First Year Economics Chapter 11 Online MCQ Test for 1st Year Economics Chapter 11 (Scale of Production and Laws of Returns)

Sr. # Questions Answers Choice
1 Which one is the small scale production.
  • A. Bata shoe factory
  • B. A barber shop
  • C. kohinoor Textile Industries
  • D. Sufi soap
2 Which one is the third stage of production under law of variable proportions
  • A. Decreasing average returns
  • B. Increasing average return
  • C. Negative marginal return
  • D. Increasing marginal return
3 When diseconomies of scale outweigh economies of scale the
  • A. long run AC curve rises
  • B. marginal cost falls
  • C. long run ATC curve falls
  • D. AVC falls
4 When business expands beyond its optimum level what type of economics will it be getting.
  • A. Diseconomies
  • B. Internal economies
  • C. External economies
  • D. Maanagerial economics
5 Which one will determine scale of production .
  • A. Financial resources
  • B. Production techniques
  • C. Extant of the market
  • D. All the above
6 Which of the following saying describes diminishing marginal returns in the short run?
  • A. When the cat is away, the mouse will play
  • B. Too many cooks spoil the broth
  • C. A rolling stone gathers no moss
  • D. A stitch in time saves nine
7 In law of diminishing returns at least one factor
  • A. must be constant
  • B. must be owned by the firm
  • C. must be purchasable
  • D. must be efficient
8 In the second stage of the law of variable of proportions the average product:
  • A. Rises
  • B. Remains constant
  • C. Falls
  • D. None of the three
9 If in a production process, all inputs are increased by 10% and output increase by less than 10%, then it is called
  • A. economies of scale
  • B. diseconomies of scale
  • C. diminishing marginal returns
  • D. negative economies
10 When total product rises marginal product.
  • A. Remains the same
  • B. Falls
  • C. Also rises
  • D. None of the three

Top Scorers of Economics Ics Part 1 English Medium Chapter 11 Online Test

A

Ajmal Khan

Lahore28 - Apr - 2025

11/20
07 Mins 53 Sec
A

Ajmal Khan

Lahore28 - Apr - 2025

11/20
07 Mins 53 Sec

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