Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
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"
-
Total Questions20
-
Time Allowed30
Economics Ics Part 1 English Medium Chapter 11 Online Test
00:00
Question # 1
Which one is the third stage of production under law of variable proportions
Question # 2
When average product falls marginal product
Question # 3
The production function relates to
Question # 4
The maximum point of TP curve is at quantity of labour where
Question # 5
The slopes of average and marginal products curves are always zero under:
Question # 6
Economics of scale are of two kinds
Question # 7
Which one will determine scale of production .
Question # 8
When business expands beyond its optimum level what type of economics will it be getting.
Question # 9
When total product falls, marginal product is.
Question # 10
Economies and diseconomies of scale determine the shape of
Question # 11
Which of the following saying describes diminishing marginal returns in the short run?
Question # 12
If in a production process, all inputs are increased by 10% and output increase by less than 10%, then it is called
Question # 13
Which one is the small scale production.
Question # 14
The law of increasing returns is also known as:
Question # 15
The law of variable proportions was presented by.
Question # 16
during short period, diminishing returns may follow because
Question # 17
Marginal product curve intersects average product curve when AP curve is
Question # 18
An important factor which promotes large scale production is:
Question # 19
The government constructed a new water reservoir for the purpose of irrigation; this might be taken as
Question # 20
When total product rises marginal product.
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
-
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
ICS Part 1 Economics Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | 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
|
| 3 | Marginal product curve intersects average product curve when AP curve is |
A. minimum
B. maximum
C. rising
D. falling
|
| 4 | Law of diminishing returns applies more in: |
A. Industry
B. Agriculture
C. Mining
D. Construction
|
| 5 | Internal economies of scale include |
A. risk-bearing economics
B. trade mark
C. managerial economies
D. a and c of above
|
| 6 | When MP is zero, TP is |
A. minimum
B. maximum
C. rising
D. falling
|
| 7 | The production function relates to |
A. cost of output
B. cost of input
C. output to input
D. demand to output
|
| 8 | Marginal product indicates rate of change of |
A. total product
B. average product
C. variable product
D. all of the above
|
| 9 | Economies of scale |
A. occur when increase in input less than proportionate increase in output
B. suggest that firm's marginal cost curve lies above its average cost curve
C. suggest that the firm's marginal cost curve is declining
D. occur when average cost is falling
|
| 10 | Economics of scale are of two kinds |
A. temporary and permanent
B. internal and external
C. managerial and industrial
D. natural and artificial
|
Test Questions
Share your comments & questions here
No comments yet. Be the first to comment!