Production Analysis - Important Question Paper

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 01:00:00 Hrs
Total Marks : 50

    Part A

    10 x 1 = 10
  1. In a firm 5 units as factors produce 24 units of the product. When the number of factor increases by one, the production increases to 30 units. Calculate the Average Product

    (a)

    30

    (b)

    6

    (c)

    5

    (d)

    24

  2. The short-run production is studied through

    (a)

    The Law of Returns to scale

    (b)

    The Law of Variable Proportions

    (c)

    ISO - quants

    (d)

    Law of Demand

  3. The long-run production function is explained by

    (a)

    Law of Demand

    (b)

    Law of Supply

    (c)

    Returns to Scale

    (d)

    Law of Variable Proportions

  4. An ISO - quant curve is also known as

    (a)

    Inelastic Supply Curve

    (b)

    Inelastic Demand Curve

    (c)

    Equi Marginal Utility

    (d)

    Equal Product Curve

  5. Which of the following is not a characteristic of land?

    (a)

    Its limited supply

    (b)

    Its is mobile

    (c)

    Heterogeneous

    (d)

    Gift of Nature

  6. Product obtained from additional factors of production is termed as

    (a)

    Marginal product

    (b)

    Total product

    (c)

    Average product

    (d)

    Annual product

  7. Modern economists have propounded the law of

    (a)

    Increasing returns

    (b)

    Decreasing returns

    (c)

    Constant returns

    (d)

    Variable proportions

  8. _____________ faces both risks and uncertainties.

    (a)

    Entrepreneur

    (b)

    Labour

    (c)

    Land

    (d)

    None of these

  9. ________________ represent Human capital.

    (a)

    Money

    (b)

    Efficiency

    (c)

    Hard work

    (d)

    All the above

  10. Education and training given to labour is _________________

    (a)

    money capital

    (b)

    human capital

    (c)

    physical capital

    (d)

    none of the these

  11. Part B

    6 x 2 = 12
  12. Classify the factors of production.

  13. Define Labour.

  14. State the production function.

  15. What are the assumptions of Iso-quant curve?

  16. What is factors of production?

  17. What is production?

  18. Part C

    6 x 3 = 18
  19. What are the characteristics of capital?

  20. Distinguish between Total Product (TP) and Average Product (AP).

  21. Explain the classification of factors of production.

  22. Explain the Various Forms of Capital?

  23. Explain the characteristics of Capital?

  24. Explain the Internal and External diseconomies of scale?

  25. Part D

    2 x 5 = 10
  26. What are the Characteristics of Labour?

  27. Explain the types of elasticity supply with the help of diagram.

*****************************************

TN 11th Standard Economics free Online practice tests

Reviews & Comments about Production Analysis Important Question Paper 2 In 11th Economics

Write your Comment