[{"id":236497,"question":"At least one factor is fixed in:","choices":[{"text":"Market period","value":"A"},{"text":"Long period","value":"B"},{"text":"Short period","value":"C"},{"text":"All of three","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236496,"question":"Law of diminishing return is more applicable in:","choices":[{"text":"Trade sector","value":"A"},{"text":"Industrial sector","value":"B"},{"text":"Agricultural sector","value":"C"},{"text":"Education sector","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236495,"question":"Which law is applicable when human and natural forces are balance ?","choices":[{"text":"Increasing cost","value":"A"},{"text":"Constant cost","value":"B"},{"text":"Diminishing cost","value":"C"},{"text":"Both (a) and (c)","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236494,"question":"Law of increasing return is more applicable in:","choices":[{"text":"Trade sector","value":"A"},{"text":"Industrial sector","value":"B"},{"text":"Agricultural sector","value":"C"},{"text":"Power sector","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236493,"question":"Law of decreasing return is also known as:","choices":[{"text":"Increasing cost","value":"A"},{"text":"Constant cost","value":"B"},{"text":"Diminishing cost","value":"C"},{"text":"Both (a) and (c)","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":236492,"question":"Law of constant return is also known as:","choices":[{"text":"Increasing cost","value":"A"},{"text":"Constant cost","value":"B"},{"text":"Diminishing cost","value":"C"},{"text":"Both (a) and (c)","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236491,"question":"Law of increasing return is also known as:","choices":[{"text":"Increasing cost","value":"A"},{"text":"Constant cost","value":"B"},{"text":"Diminishing cost","value":"C"},{"text":"Both (a) and (c)","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236490,"question":"When average product is maximum, marginal product is:","choices":[{"text":"Positive","value":"A"},{"text":"Equal to AP","value":"B"},{"text":"Zero","value":"C"},{"text":"Negative","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236489,"question":"Laws of returns are also known as:","choices":[{"text":"Laws of substitution","value":"A"},{"text":"Laws of consumption","value":"B"},{"text":"Laws of cost","value":"C"},{"text":"All of three","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236488,"question":"When average product increases, marginal product is:","choices":[{"text":"Also increases","value":"A"},{"text":"Decreases","value":"B"},{"text":"Zero","value":"C"},{"text":"Negative","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":236487,"question":"When total production decreases, marginal product is:","choices":[{"text":"Positive","value":"A"},{"text":"Negative","value":"B"},{"text":"Zero","value":"C"},{"text":"Infinite","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236486,"question":"When total production is maximum, marginal product is:","choices":[{"text":"Positive","value":"A"},{"text":"Negative","value":"B"},{"text":"Zero","value":"C"},{"text":"Infinite","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236485,"question":"When total production increases, marginal product is:","choices":[{"text":"Positive","value":"A"},{"text":"Negative","value":"B"},{"text":"Zero","value":"C"},{"text":"Infinite","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":236484,"question":"According to neo classical approach, output is the function of:","choices":[{"text":"Labour","value":"A"},{"text":"Capital","value":"B"},{"text":"Organization","value":"C"},{"text":"Both (a) and (b)","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236483,"question":"The factor of production which is result of human struggle.","choices":[{"text":"Land","value":"A"},{"text":"Labour","value":"B"},{"text":"Capital","value":"C"},{"text":"Organization","value":"D"},{"value":"E"}],"correctAnswer":3}]