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

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ICS Part 1 Economics Chapter Wise Test

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

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Economics Ics Part 1 English Medium Chapter 11 Online Test

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Question # 1

Economies of scale

Question # 2

Internal economies of scale include

Question # 3

When total product falls, marginal product is.

Question # 4

Law of diminishing returns is a universal law as:

Question # 5

Economies and diseconomies of scale determine the shape of

Question # 6

The law of variable proportions was presented by.

Question # 7

Commercial economics are a pat of:

Question # 8

The law of increasing returns is also known as:

Question # 9

The maximum point of TP curve is at quantity of labour where

Question # 10

Economics of scale are of two kinds

Question # 11

Law of decreasing returns generates

Question # 12

Which one will determine scale of production .

Question # 13

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

Question # 14

Which of the following saying describes diminishing marginal returns in the short run?

Question # 15

The slopes of average and marginal products curves are always zero under:

Question # 16

When average product falls marginal product

Question # 17

The law of variable proportions was presented by.

Question # 18

Which one is the small scale production.

Question # 19

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

Question # 20

When total product rises marginal product.

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ICS Part 1 Economics Chapter 11 MCQs Test

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ICS Part 1 Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 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
2 Commercial economics are a pat of:
A. Internal economics
B. External economics
C. Economies of scale
D. None of the three
3 When MP curve cuts AP curve, the AP is at its.
A. Lowest point
B. Highest point
C. Neither of the two
D. Eighter of the two
4 Which one will determine scale of production .
A. Financial resources
B. Production techniques
C. Extant of the market
D. All the above
5 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
6 The concept of internal and external economics was given by.
A. Adam Smith
B. Robbins
C. J.M.Keynes
D. Alfred Marshall
7 Which one is the small scale production.
A. Bata shoe factory
B. A barber shop
C. kohinoor Textile Industries
D. Sufi soap
8 The law of variable proportions was presented by.
A. David Ricords
B. Alfred Marshall
C. W.J.L. Ryan
D. Pareto
9 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
10 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

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