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Class 11 Economics: Production and Costs — Chapter Test 1

Class 11 • Economics • Production and Costs • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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This test is completely free.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
A production function shows the relationship between:
A
price and demand
B
inputs and output
C
cost and revenue
D
income and savings
View Correct Answer & Step-by-Step Solution
Correct Option:(B)inputs and output

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
In the short run:
A
all factors are variable
B
at least one factor is fixed
C
no factors are used
D
all factors are fixed
View Correct Answer & Step-by-Step Solution
Correct Option:(B)at least one factor is fixed

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
Marginal product (MP) is the:
A
total output
B
change in total product from one more unit of a variable input
C
average output
D
cost
View Correct Answer & Step-by-Step Solution
Correct Option:(B)change in total product from one more unit of a variable input

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
The law of variable proportions describes:
A
returns to scale
B
how output changes when one input varies and others are fixed
C
demand
D
prices
View Correct Answer & Step-by-Step Solution
Correct Option:(B)how output changes when one input varies and others are fixed

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
When MP is zero, TP is:
A
zero
B
maximum
C
minimum
D
negative
View Correct Answer & Step-by-Step Solution
Correct Option:(B)maximum

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 11 Economics: Production and Costs — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Production and Costs" of Class 11 Economics. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.