NCERT Class 12 Economics Chapter 3 Production and Costs Test Mock Test
This free online test covers Chapter 3, Production and Costs, from the NCERT Class 12 Introductory Microeconomics textbook. The 30 questions are written directly from the chapter — definitions, processes, worked examples and the points the book italicises — so a score here tells you how much of the chapter actually stuck, not how well you guess. Each answer carries an explanation that says why the right option is right and why the other three fail, which is where most of the learning happens. Attempt it after your first read of the chapter, then again before the exam. There is no negative marking, and you can review the full solution the moment you submit.
Duration
30 mins
Questions
30 MCQs
Total Marks
30 pts
Negative
0 per wrong
Topics Covered in This Paper
Sample Questions
Q1.Production is defined at the opening of the chapter as:
- AThe difference between the revenue a firm earns and the cost it incurs
- BThe sale of output in the market in order to earn revenue
- CThe process by which inputs are transformed into output, carried out by producers or firms
- DThe payment a firm makes to acquire the inputs it uses
Q2.The production function of a firm is:
- AA relationship between the cost of inputs and the revenue earned from output
- BA relationship between inputs used and output produced, giving for various quantities of inputs the maximum quantity of output that can be produced
- CA relationship between the quantity of output and the price at which it is sold
- DA list of all the input combinations a firm might conceivably use
Q3.A production function is defined for a given technology, which means that:
- ATechnology has no bearing on the quantity of output produced
- BTechnological knowledge determines the maximum output obtainable from different input combinations, so an improvement in technology gives a new production function
- CThe production function cannot be written down until the technology is patented
- DThe same production function applies to every firm in the economy
Before you begin
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Each correct answer carries +1 marks.
Each wrong answer carries -0 marks.
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Disclaimer: The questions provided here are extracted and digitized from previous year papers using automated processes. They may contain typographical errors, formatting issues, or minor variations from the actual examination paper. While we have done our best to verify the accuracy of the official answer keys, discrepancies may occasionally exist. Please refer to the official commission website for the most authentic paper.
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FAQ
Frequently asked questions
Frequently Asked Questions
- How many questions are in the NCERT Class 12 Economics Chapter 3 Production and Costs Test mock test?
- This paper has 30 multiple-choice questions carrying 30 marks in total, to be attempted in 30 minutes.
- Is the NCERT Class 12 Economics Chapter 3 Production and Costs Test mock test free to attempt?
- Yes. You can attempt the full paper online for free on AI Test Planet, and see your score and correct answers immediately after submitting.
- Does this paper have negative marking?
- No, there is no negative marking on this paper, so an attempted guess costs you nothing.
- Are solutions and explanations available?
- Yes. After you submit, every question shows the correct answer with a step-by-step explanation, along with a topic-wise breakdown of your performance.