11th class Principles of Economics chapter 5 online mcq test with answers for I.Com part 1 Principles of Economics chapter 5(Laws of Return)

Principles of Economics Icom Part 1 English Medium Chapter 5 Online Test

Sr. #	Questions	Answers Choice
1	In a production process, when units of variable factors along with fixed factor of production are increased, marginal cost goes on rising, this tendency in economics is called	Law of decreasing cost Law of constant cost Law of increasing cost Law of increasing return
2	In a production process, when units of variable factors along with the fixed factor of production are increased, marginal cost remains the same, this tendency in economics is called	Law of decreasing cost Law of constant cost Law of increasing cost Law of decreasing return
3	In a production process, when units of variable factors along with fixed factor of production are increased marginal cost goes on falling, this tendency in economics is called	Law of decreasing cost Law of increasing cost Law of constant cost Law of decreasing return
4	The sector of production, in which nature plays more role, there is applicable	Law of increasing return Law of constant return Law of decreasing return Law of decreasing cost
5	The sector of production, in which nature and human beings play an equal role, there is applicable	Law of decreasing return Law of decreasing cost Law of increasing return Law of constant return
6	No factor can take the place of any other factor, it is explained by	Law of decreasing return Law of constant return Law of increasing return Law of return
7	The production sector where human brain and intelligence plays more role there is applicable	Law of increasing return Law of constant return Law of decreasing return Law of increasing cost
8	The second name of law of decreasing return is	Law of increasing cost Law of constant cost Law of decreasing cost Law of cost
9	The second name of law of constant return is	Law of decreasing cost Law of increasing cost Law of cost Law of constant cost
10	The second name of law of increasing return is	Law of cost Law of increasing cost Law of decreasing cost Law of constant cost
11	In production process, when units of variable factors along with fixed factor of production are increased, marginal product goes on failing, this tendency in economics is called	Law of decreasing return Law of increasing return Law of production Law of constant return
12	If in a production sector, along with the fixed factor of production, by increasing units of variable factors, marginal product remains constant, this tendency in economics is called	Law of increasing return Law of constant return Law of decreasing return Law of production
13	In production process when marginal product increases with the increase in units of variable factors along with fixed factor, this tendency in economics is called	Law of production Law of increasing return Law of decreasing return Law of constant return
14	Average product is maximum, when marginal product curve ______ average product curve	Intersects falling Intersect rising Is above Is below
15	When total product decreases, marginal product	Is positive Is negative Is zero Is increasing

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