ICS Part 1 Economics Chapter 11 MCQs Test

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First Year Economics Chapter 11 Online MCQ Test for 1st Year Economics Chapter 11 (Scale of Production and Laws of Returns)

This online test contains MCQs about following topics:

Economics Ics Part 1 English Medium Chapter 11 Online Test

Try the Economics Ics Part 1 English Medium Chapter 11 Online Test.

  • Total Questions20

  • Time Allowed30

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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

ClassName Chapter Wise Test

Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
1 Economics Ics Part 1 English Medium Online Test 662 Download PDF MCQ Answers Launch Test
1 Economics Ics Part 1 English Medium Chapter 1 Online Test 66 Download PDF MCQ Answers Launch Test
2 Economics Ics Part 1 English Medium Chapter 2 Online Test 37 Download PDF MCQ Answers Launch Test
3 Economics Ics Part 1 English Medium Chapter 3 Online Test 38 Download PDF MCQ Answers Launch Test
4 Economics Ics Part 1 English Medium Chapter 4 Online Test 46 Download PDF MCQ Answers Launch Test
5 Economics Ics Part 1 English Medium Chapter 5 Online Test 41 Download PDF MCQ Answers Launch Test
6 Economics Ics Part 1 English Medium Chapter 6 Online Test 32 Download PDF MCQ Answers Launch Test
7 Economics Ics Part 1 English Medium Chapter 7 Online Test 36 Download PDF MCQ Answers Launch Test
8 Economics Ics Part 1 English Medium Chapter 8 Online Test 31 Download PDF MCQ Answers Launch Test
9 Economics Ics Part 1 English Medium Chapter 9 Online Test 24 Download PDF MCQ Answers Launch Test
10 Economics Ics Part 1 English Medium Chapter 10 Online Test 51 Download PDF MCQ Answers Launch Test
11 Economics Ics Part 1 English Medium Chapter 11 Online Test 40 Download PDF MCQ Answers Launch Test
12 Economics Ics Part 1 English Medium Chapter 12 Online Test 39 Download PDF MCQ Answers Launch Test

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Economics Ics Part 1 English Medium Chapter 11 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 Which of the following saying describes diminishing marginal returns in the short run? When the cat is away, the mouse will play Too many cooks spoil the broth A rolling stone gathers no moss A stitch in time saves nine
2 Laws of return apply to firms working in perfect competition monopoly small firm all kinds of market situations
3 When diseconomies of scale outweigh economies of scale the long run AC curve rises marginal cost falls long run ATC curve falls AVC falls
4 Which of the following is example of external economies of scale? Discount on purchases of raw materials Technical progress leads to development of machines at low price Hiring of specialized staff due to increase in scale of production A firm starts producing by products
5 In the second stage of the law of variable of proportions the average product: Rises Remains constant Falls None of the three
6 Internal economies of scale include risk-bearing economics trade mark managerial economies a and c of above
7 When average product (AP) and marginal product (MP) are rising. AP > MP AP = MP AP < MP AP = MP = 0
8 The law of variable proportions was presented by. David Ricords Alfred Marshall W.J.L. Ryan Pareto
9 The maximum point of TP curve is at quantity of labour where Average physical product of labour is equal to 1 MPP of labour is at its maximum curves of APP and MPP of labour intersect MPP of labour is zero
10 Economies of scale occur when increase in input less than proportionate increase in output suggest that firm's marginal cost curve lies above its average cost curve suggest that the firm's marginal cost curve is declining occur when average cost is falling
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