Q. Which is the stages of law of variable proportions?
✅ Correct Answer: (D)
All of the above
Principles of Economics and Management MCQs | Page - 4
Dear candidates you will find MCQ questions of Principles of Economics and Management here. Learn these questions and prepare yourself for coming examinations and interviews. You can check the right answer of any question by clicking on any option or by clicking view answer button.
Q. Which is the stages of law of returns to scale?
✅ Correct Answer: (D)
All of the above
Q. Which is not a part of cost?
✅ Correct Answer: (C)
Changeable Cost
Q. To find out cut-off production volume means no profit no loss which concept is used?
✅ Correct Answer: (B)
Break-Even Analysis
Q. Total Cost equals to ______.
✅ Correct Answer: (A)
Total cost = total fixed cost + total variable cost
Q. Where is exchange of goods and services take place?
✅ Correct Answer: (C)
Market
Q. Which is the type of market?
✅ Correct Answer: (D)
All of the above
Q. _______ refers to a market with a single seller.
✅ Correct Answer: (A)
Monopoly
Q. Full form of GNP.
✅ Correct Answer: (D)
Gross National Product
Q. Full form of GDP.
✅ Correct Answer: (A)
Gross Domestic Products
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