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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
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Question # 1
Which one is the third stage of production under law of variable proportions
Question # 2
Economies of scale
Question # 3
The law of variable proportions was presented by.
Question # 4
Which of the following is example of external economies of scale?
Question # 5
When average product falls marginal product
Question # 6
In production of goods, negative returns in the short run imply that
Question # 7
Which one is the small scale production.
Question # 8
Commercial economics are a pat of:
Question # 9
In the second stage of the law of variable of proportions the average product:
Question # 10
When total product falls, marginal product is.
Question # 11
When total product rises marginal product.
Question # 12
Economies and diseconomies of scale determine the shape of
Question # 13
Economics of scale are of two kinds
Question # 14
Which of the following saying describes diminishing marginal returns in the short run?
Question # 15
When a firm using a fixed amount of land and capital takes on more workers, it finds that marginal product(MP) of labour falls but the average product(AP) of labour rises. This can be explained by the factors that
Question # 16
The slopes of average and marginal products curves are always zero under:
Question # 17
When diseconomies of scale outweigh economies of scale the
Question # 18
Internal economies of scale include
Question # 19
The law of variable proportions was presented by.
Question # 20
The concept of internal and external economics was given by.
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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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 | When average product falls marginal product |
A. Rises
B. Also falls
C. Remain equal to average product
D. Does not change
|
| 2 | Which one is the small scale production. |
A. Bata shoe factory
B. A barber shop
C. kohinoor Textile Industries
D. Sufi soap
|
| 3 | Which one will determine scale of production . |
A. Financial resources
B. Production techniques
C. Extant of the market
D. All the above
|
| 4 | The production function relates to |
A. cost of output
B. cost of input
C. output to input
D. demand to output
|
| 5 | 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
|
| 6 | When MP is zero, TP is |
A. minimum
B. maximum
C. rising
D. falling
|
| 7 | 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
|
| 8 | Law of diminishing returns applies more in: |
A. Industry
B. Agriculture
C. Mining
D. Construction
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| 9 | Laws of return apply to firms working in |
A. perfect competition
B. monopoly
C. small firm
D. all kinds of market situations
|
| 10 | When total product falls, marginal product is. |
A. Zero
B. Positive
C. Negative
D. Falling
|
Test Questions