11th class Economics chapter 11 online mcq test with answers for ICS part 1 Economics chapter 11 (Scale of Production and Laws of Returns)

Top Scorers Of Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test" MCQ`s Test

S

Shaista zarin 24 - Jan - 2018 03 Min 25 Sec 19/20
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
R

romana 24 - Jun - 2021 06 Min 19 Sec 17/20
H

hijab 06 - Oct - 2018 09 Min 04 Sec 17/20
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
S

shrushti 22 - Feb - 2021 06 Min 11 Sec 16/20
M

Maida 26 - May - 2018 05 Min 10 Sec 14/20
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

Sr.#	Question	Answer
1	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
2	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
3	When total product (TP) reaches its maximum, Marginal product (MP) is_	A. Zero B. Positive C. Negative D. Rising
4	Economies and diseconomies of scale determine the shape of	A. long run AC curve B. short run AC C. average fixed cost D. none of the above
5	When MP is zero, TP is	A. minimum B. maximum C. rising D. falling
6	An important factor which promotes large scale production is:	A. Extant of market B. Revolutionary changes in social life C. Culture and civilization D. All the three
7	When total product falls, marginal product is.	A. Zero B. Positive C. Negative D. Falling
8	The law of variable proportions was presented by.	A. David Ricords B. Alfred Marshall C. W.J.L. Ryan D. Pareto
9	The government constructed a new water reservoir for the purpose of irrigation; this might be taken as	A. increase in supply of capital B. increase in supply of land C. increase in supply of land and supply of capital D. none of these
10	Which one is the small scale production.	A. Bata shoe factory B. A barber shop C. kohinoor Textile Industries D. Sufi soap
11	Commercial economics are a pat of:	A. Internal economics B. External economics C. Economies of scale D. None of the three
12	Law of diminishing returns is a universal law as:	A. It does apply in all aspects of an economy. B. Basically it applies in agriculture. C. It is hard to check it. D. It applies in industry as well
13	When total product rises marginal product.	A. Remains the same B. Falls C. Also rises D. None of the three
14	The maximum point of TP curve is at quantity of labour where	A. Average physical product of labour is equal to 1 B. MPP of labour is at its maximum C. curves of APP and MPP of labour intersect D. MPP of labour is zero
15	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
16	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
17	The concept of internal and external economics was given by.	A. Adam Smith B. Robbins C. J.M.Keynes D. Alfred Marshall
18	Laws of return apply to firms working in	A. perfect competition B. monopoly C. small firm D. all kinds of market situations
19	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
20	Internal economies of scale include	A. risk-bearing economics B. trade mark C. managerial economies D. a and c of above

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

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

ICS Part 1 Economics Chapter 11 Test

ICS Part 1 Economics Chapter Wise Test

MCQ's Test For Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test"

Economics Ics Part 1 English Medium Chapter 11 Online Test

Economics of scale are of two kinds

The concept of internal and external economics was given by.

Marginal product curve intersects average product curve when AP curve is

When diseconomies of scale outweigh economies of scale the

Which one will determine scale of production .

during short period, diminishing returns may follow because

Economies and diseconomies of scale determine the shape of

When business expands beyond its optimum level what type of economics will it be getting.

Law of diminishing returns is a universal law as:

Internal economies of scale include

Commercial economics are a pat of:

Which one is the third stage of production under law of variable proportions

Law of diminishing returns applies more in:

When average product falls marginal product

The law of variable proportions was presented by.

In law of diminishing returns at least one factor

In production of goods, negative returns in the short run imply that

When MP curve cuts AP curve, the AP is at its.

If in a production process, all inputs are increased by 10% and output increase by less than 10%, then it is called

When average product (AP) and marginal product (MP) are rising.

Prepare Complete Set Wise Chapter 11 "Economics Ics Part 1 English Medium Chapter 11 Online Test" MCQs Online With Answers

Set 1

Set 2

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

Test Questions

Is this page helpful?