NCERT Class 11 Economics MCQ : Production and Costs
Dive into the intricacies of economic landscapes with our specialized Multiple Choice Questions (MCQs) page focusing on “Production and Costs.” This resource is crafted to provide a comprehensive understanding of economic principles, featuring carefully curated questions sourced from the previous year papers of diverse exams, including the esteemed UPSC IAS exams.
Explore the dynamics of production processes, cost structures, and economic efficiency through a wide array of MCQs. From basic concepts to advanced theories, our collection ensures a thorough examination of the nuances surrounding production and costs in various sectors.
Prepare strategically for exams with questions that mirror the diverse formats encountered in different sectors. Whether you’re gearing up for UPSC IAS or other competitive exams, this resource offers a holistic approach to mastering the principles that govern production and costs.
Enhance your economic acumen with insights derived from real-world applications and historical perspectives embedded in our MCQs. Access a wealth of knowledge distilled from previous year papers, providing a valuable edge in tackling questions related to production and costs
NCERT Class 11 Economics : Production and Costs MCQ – NCERT Class 11 MCQ
Question:
In production function, production is a function of:
A
B
C
D
Question:
The basic reason of operating the Law of Diminishing Returns is:
A
B
C
D
Question:
Which of the following explains the short-run production function ?
A
B
C
D
Question:
Long-run production function is related to:
A
B
C
D
Question:
In which stage of production a rational producer likes to operate in shot-run production ?
A
B
C
D
Question:
Law of variable proportion explains three stages of production. In the first stage of production:
A
B
C
D
Question:
At which time all the factors of production may be changed ?
A
B
C
D
Question:
Production function is expressed as:
A
B
C
D
Question:
Which factors among following we find in short-run production process ?
A
B
C
D
Question:
The cycle which increases first and after being constant starts to reduce is called :
A
B
C
D
Question:
Which of the following is a saurce of production ?
A
B
C
D
Question:
Law of variable proportion is related to :
A
B
C
D
Question:
An active factor of production is:
A
B
C
D
Question:
If all the factors of production are increased by same proportion and as a result output increases by a greater proportion than it is called :
A
B
C
D
Question:
Which of the following is included in money cost ?
A
B
C
D
Question:
Which of the following is not fixed cost ?
A
B
C
D
Question:
With the increase in production the difference between total cost and total fixed cost:
