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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
MCQ's Test For Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 11 Online Test
00:00
Question # 1
The law of variable proportions was presented by.
Question # 2
The slopes of average and marginal products curves are always zero under:
Question # 3
When total product (TP) reaches its maximum, Marginal product (MP) is_
Question # 4
during short period, diminishing returns may follow because
Question # 5
The concept of internal and external economics was given by.
Question # 6
When MP is zero, TP is
Question # 7
Law of diminishing returns applies more in:
Question # 8
When MP curve cuts AP curve, the AP is at its.
Question # 9
Economics of scale are of two kinds
Question # 10
Internal economies of scale include
Question # 11
Laws of return apply to firms working in
Question # 12
Economies of scale
Question # 13
The maximum point of TP curve is at quantity of labour where
Question # 14
Law of decreasing returns generates
Question # 15
Marginal product indicates rate of change of
Question # 16
When total product rises marginal product.
Question # 17
In the second stage of the law of variable of proportions the average product:
Question # 18
In production of goods, negative returns in the short run imply that
Question # 19
Which one is the third stage of production under law of variable proportions
Question # 20
An important factor which promotes large scale production is:
ICS Part 1 Economics Chapter 11 MCQs Test
Top Scorers Of Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test" MCQ`s Test
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M Maheen 20 - Feb - 2021 05 Min 36 Sec 19/20 -
A Ali Hassan 10 - Sep - 2022 04 Min 52 Sec 17/20 -
K Kazim 27 - Dec - 2017 05 Min 23 Sec 17/20 -
H Humaira 26 - Jan - 2018 05 Min 54 Sec 17/20 -
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M Madiha 26 - Dec - 2020 03 Min 31 Sec 16/20 -
M M.Attiq-U-Rehman 25 - Nov - 2023 03 Min 37 Sec 16/20 -
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A Adil 04 - Jan - 2018 06 Min 32 Sec 14/20 -
M Muhammad umer 06 - Aug - 2018 08 Min 22 Sec 14/20 -
R romana 27 - Dec - 2018 19 Min 16 Sec 14/20 -
Z Zahra 06 - Jul - 2021 02 Min 01 Sec 13/20
ICS Part 1 Economics Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | during short period, diminishing returns may follow because |
A. quantity of labour is fixed
B. quality of labour is fixed
C. quantity of capital is fixed
D. quantity of any one factor is fixed
|
| 3 | Marginal product curve intersects average product curve when AP curve is |
A. minimum
B. maximum
C. rising
D. falling
|
| 4 | When total product rises marginal product. |
A. Remains the same
B. Falls
C. Also rises
D. None of the three
|
| 5 | The slopes of average and marginal products curves are always zero under: |
A. Law of increasing returns
B. Law of diminishing returns
C. Law of constant returns
D. Law of variable propoitions
|
| 6 | 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
|
| 7 | 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
|
| 8 | Commercial economics are a pat of: |
A. Internal economics
B. External economics
C. Economies of scale
D. None of the three
|
| 9 | Law of decreasing returns generates |
A. law of economic growth
B. law of increasing costs
C. law of variable costs
D. law of decreasing costs
|
| 10 | When total product falls, marginal product is. |
A. Zero
B. Positive
C. Negative
D. Falling
|
Test Questions