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 When MP is zero, TP is
  • A. minimum
  • B. maximum
  • C. rising
  • D. falling
2 Which one will determine scale of production .
  • A. Financial resources
  • B. Production techniques
  • C. Extant of the market
  • D. All the above
3 In production of goods, negative returns in the short run imply that
  • A. average product is negative
  • B. total product is negative
  • C. marginal product is negative
  • D. marginal cost is falling
4 Marginal product curve intersects average product curve when AP curve is
  • A. minimum
  • B. maximum
  • C. rising
  • D. falling
5 Laws of return apply to firms working in
  • A. perfect competition
  • B. monopoly
  • C. small firm
  • D. all kinds of market situations
6 The law of variable proportions was presented by.
  • A. Jevens
  • B. Rayon
  • C. Hicks
  • D. Valentine
7 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
8 When total product rises marginal product.
  • A. Remains the same
  • B. Falls
  • C. Also rises
  • D. None of the three
9 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
10 The law of increasing returns is also known as:
  • A. Law of increasing cost
  • B. Law of diminishing cost
  • C. Law of constant cost
  • 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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