Production, Goods, and Inputs CDS Questions

CDS Economy

Production, Goods, and Inputs MCQ Questions


13.
Which organization provides Agmark certification?
A.
Bureau of Indian Standards
B.
Ministry of Commerce
C.
Ministry of Agriculture
D.
Food Corporation of India
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ANSWER :
C. Ministry of Agriculture
14.
What is the main aim of the Consumer Protection Act 1986?
A.
To promote consumer awareness
B.
To reduce market taxes
C.
To control pricing
D.
To help companies grow
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ANSWER :
A. To promote consumer awareness
15.
What is the role of consumer forums?
A.
Protect consumer rights
B.
Increase product sales
C.
Reduce import taxes
D.
Sell products to consumers
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ANSWER :
A. Protect consumer rights
16.
What does the term 'factor of production' include?
A.
Land and Labour
B.
Capital and Entrepreneur
C.
All of the above
D.
None of the above
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ANSWER :
C. All of the above
17.
Which curve represents the law of diminishing returns?
A.
Production curve
B.
Marginal product curve
C.
Average product curve
D.
Cost curve
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ANSWER :
B. Marginal product curve
18.
When does marginal product become negative?
A.
At the start of production
B.
When inputs are over-utilized
C.
During fixed costs
D.
In the long run
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ANSWER :
B. When inputs are over-utilized