Economics Ics Part 1 English Medium Online Test With Answers

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Economics Ics Part 1 English Medium Online Test

Sr. # Questions Answers Choice
1 When total product falls, marginal product is. Zero Positive Negative Falling
2 When total product (TP) reaches its maximum, Marginal product (MP) is_ Zero Positive Negative Rising
3 When average product (AP) and marginal product (MP) are rising. AP > MP AP = MP AP < MP AP = MP = 0
4 In the second stage of the law of variable of proportions the average product: Rises Remains constant Falls None of the three
5 The slopes of average and marginal products curves are always zero under: Law of increasing returns Law of diminishing returns Law of constant returns Law of variable propoitions
6 Law of diminishing returns applies more in: Industry Agriculture Mining Construction
7 Which one is the small scale production. Bata shoe factory A barber shop kohinoor Textile Industries Sufi soap
8 Commercial economics are a pat of: Internal economics External economics Economies of scale None of the three
9 Which one will determine scale of production . Financial resources Production techniques Extant of the market All the above
10 The maximum number of parteners in a partnership is . 20 30 15 18
11 One of the following will not be capital. Mchinery Means of communication Water falls Means of transportation
12 The capital laying in the deposits of commercial bank is called. Domestic capital Real capital Foreign capital Money capital
13 The capital which loses it from whenever it is used, is Circulating capital Fixed capital Money capital Real capital
14 Pakistan population is growing a rate of . 2 % per annum 1. 8 % per annum 2.9 % per annum 2.2 % per annum
15 A labourer resigns from service to start his own business. what type of mobility will it be. Vertical mobilty Occupational mobility Horizontal mobility Social mobility
16 A professor is promoted to be a principle . What type of mobility will it be. Vertical mobility Horizontal mobility Geographical mobility None of the three
17 Mobility of labour can be promoted by. Health Better rewards Immigration Information media
18 Efficiency of land can be promoted by. Means of communication Fertility of land Climate condition Quality of other factors
19 Factors of production are recently termed as. Output Outly Input None of them
20 Land is mobile factor of production. Not mobile Mobile by the transfer ownership Geographically mobile Mobile vertically
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