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

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Economics Ics Part 1 English Medium Chapter 11 Online Test

Sr. # Questions Answers Choice
1 When total product rises marginal product. Remains the same Falls Also rises None of the three
2 When average product falls marginal product Rises Also falls Remain equal to average product Does not change
3 Which one is the third stage of production under law of variable proportions Decreasing average returns Increasing average return Negative marginal return Increasing marginal return
4 The law of variable proportions was presented by. Jevens Rayon Hicks Valentine
5 The concept of internal and external economics was given by. Adam Smith Robbins J.M.Keynes Alfred Marshall
6 When business expands beyond its optimum level what type of economics will it be getting. Diseconomies Internal economies External economies Maanagerial economics
7 The law of increasing returns is also known as: Law of increasing cost Law of diminishing cost Law of constant cost None of the three
8 When MP curve cuts AP curve, the AP is at its. Lowest point Highest point Neither of the two Eighter of the two
9 An important factor which promotes large scale production is: Extant of market Revolutionary changes in social life Culture and civilization All the three
10 Law of diminishing returns is a universal law as: It does apply in all aspects of an economy. Basically it applies in agriculture. It is hard to check it. It applies in industry as well
11 The law of variable proportions was presented by. David Ricords Alfred Marshall W.J.L. Ryan Pareto
12 When total product falls, marginal product is. Zero Positive Negative Falling
13 When total product (TP) reaches its maximum, Marginal product (MP) is_ Zero Positive Negative Rising
14 When average product (AP) and marginal product (MP) are rising. AP > MP AP = MP AP < MP AP = MP = 0
15 In the second stage of the law of variable of proportions the average product: Rises Remains constant Falls None of the three
16 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
17 Law of diminishing returns applies more in: Industry Agriculture Mining Construction
18 Which one is the small scale production. Bata shoe factory A barber shop kohinoor Textile Industries Sufi soap
19 Commercial economics are a pat of: Internal economics External economics Economies of scale None of the three
20 Which one will determine scale of production . Financial resources Production techniques Extant of the market All the above
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