11th Class ICom Part 1 Principles of Economics Chapter Wise Online MCQ Test With Answers PDF English Medium

Principles of Economics Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Wages of temporary labourers are	Fixed cost Marginal cost Total cost Variable cost
2	The demand curve for monopolist is also called	Total revenue Average revenue Marginal revenue Zero revenue
3	Which one of the following represents fixed cost	Price of raw material Wages Capital goods Wages of permanent labour
4	When total revenue is maximum, marginal revenue is	More Less Constant Zero
5	Which curve represents demand curve also	Marginal revenue Average revenue Total revenue Marginal cost
6	In perfect competition the average revenue curve is	Vertical Horizontal Rising Declining
7	Fixed costs are those costs of production which	Rise with quantity of output Do not change with any amount of production Decline with rising production None of these
8	Under monopoly average revenue curve remains the marginal revenue curve	Below Above Parallel None of these
9	To increase profit a firm minimises	revenues costs demand supply
10	Short run cost curves are generally	flatter u shaped saucer shaped oval
11	Which is not included in variable cost	price of raw material Advertisement expenditures rent of builiding wages of labour
12	When a firm's average total cost is equal to price, then it is called as	Normal profit Abnormal profit Normal loss Abnormal loss
13	Which is the Demand Curve of a frim	Average Revenue Curve Marginal Revenue Curve Total Revenue Curve Average cost curve
14	Average cost curve is in short run	Negative sloped U-shaped L-shaped Positive sloped
15	The slope of MR curve in monopoly is	Vertical Increasing Horizontal Negative

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