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Production Analysis Important Question Paper 2 In 11th Economics Jul-28 , 2018

In this question paper, some of the important one mark, two and five marks questions from the chapter Production Analysis are covered. The questions are prepared from the book back and previous year questions.
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Production Analysis Important Question Paper 2 In 11th Economics

Production Analysis - Important Question Paper

11th Standard

    Reg.No. :
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Economics

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

    Part A

    10 x 1 = 10

  1. In a firm 5 units of 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

  11. Classify the factors of production.

  12. Define Labour.

  13. State the production function.

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

  15. What is factors of production?

  16. What is production?

    17. Part C

    6 x 3 = 18

  17. What are the characteristics of capital?

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

  19. Explain the classification of factors of production.

  20. Explain the Various Forms of Capital?

  21. Explain the characteristics of Capital?

  22. Explain the Internal and External diseconomies of scale.

    23. Part D

    2 x 5 = 10

  23. What are the Characteristics of Labour?

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

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

05-Sep-2019

Etha matum paducha pothuma sir Exam la nalla mark score panalama sir

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