Bihar Board Class 12 Commerce Economics · Ch 3: Production and Costs
Bihar Board Class 12 Commerce Economics · Ch 3: Production and Costs is an online chapter test in the Bihar Board Class 12 Commerce pattern, covering Production and Costs. Attempt it on SeatBeat with a timer like the real exam, then see a detailed solution for every question and your score and weak-topic analysis.
Topics in this test
| Topic | Questions |
|---|---|
| Production and Costs | 30 |
Difficulty: 6 medium · 24 hard
Production and Costs MCQ questions with answers
The first 3 of 30 questions. Unlock the series for the rest, each with a solution.
Q1. Assertion (A): In the short run, the total fixed cost of a firm remains the same at every level of output, even when output is zero. Reason (R): Fixed factors of production cannot be changed in the short run. Choose the correct option.
अभिकथन (A): अल्पकाल में, किसी फर्म की कुल स्थिर लागत उत्पादन के प्रत्येक स्तर पर समान रहती है, भले ही उत्पादन शून्य हो। कारण (R): उत्पादन के स्थिर साधनों को अल्पकाल में बदला नहीं जा सकता। सही विकल्प चुनिए।
- A. A is true but R is false / A सत्य है परंतु R असत्य है
- B. A is false but R is true / A असत्य है परंतु R सत्य है
- C. Both A and R are true and R is the correct explanation of A / A और R दोनों सत्य हैं तथा R, A की सही व्याख्या है
- D. Both A and R are true but R is not the correct explanation of A / A और R दोनों सत्य हैं परंतु R, A की सही व्याख्या नहीं है
Solution
Fixed costs are paid on fixed factors which cannot be altered in the short run, so they stay constant at all output levels; thus the reason correctly explains the assertion.
स्थिर लागतें उन स्थिर साधनों पर चुकाई जाती हैं जिन्हें अल्पकाल में बदला नहीं जा सकता, इसलिए वे उत्पादन के सभी स्तरों पर स्थिर रहती हैं; अतः कारण अभिकथन की सही व्याख्या करता है।
Q2. Identify the 'odd one out' in the following group of cost concepts with respect to the short run.
अल्पकाल के संदर्भ में निम्नलिखित लागत संकल्पनाओं के समूह में से 'असंगत' (odd one out) को पहचानिए।
- A. Marginal cost / सीमांत लागत
- B. Total variable cost / कुल परिवर्ती लागत
- C. Average variable cost / औसत परिवर्ती लागत
- D. Total fixed cost / कुल स्थिर लागत
Solution
Total fixed cost does not change with output, while total variable cost, average variable cost and marginal cost all change as output changes.
कुल स्थिर लागत उत्पादन के साथ नहीं बदलती, जबकि कुल परिवर्ती लागत, औसत परिवर्ती लागत और सीमांत लागत सभी उत्पादन बदलने के साथ बदलती हैं।
Q3. A student notes that as output increases, the average cost (AC) is still falling. What does this tell us about the marginal cost (MC) at that output?
एक विद्यार्थी यह नोट करता है कि जैसे-जैसे उत्पादन बढ़ता है, औसत लागत (AC) अभी भी घट रही है। यह हमें उस उत्पादन स्तर पर सीमांत लागत (MC) के बारे में क्या बताता है?
- A. MC is greater than AC / MC, AC से अधिक होती है
- B. MC is equal to AC / MC, AC के बराबर होती है
- C. MC is less than AC / MC, AC से कम होती है
- D. MC is at its minimum point / MC अपने न्यूनतम बिंदु पर होती है
Solution
As long as AC is falling, MC lies below AC; MC cuts AC only at the minimum point of AC.
जब तक AC घट रही होती है, MC, AC से नीचे रहती है; MC, AC को केवल AC के न्यूनतम बिंदु पर काटती है।
Frequently asked questions
How many questions are in the Bihar Board Class 12 Commerce Economics · Ch 3: Production and Costs?
30 questions for 30 marks, to be answered in 20 minutes.
Is there negative marking in the Bihar Board Class 12 Commerce Economics · Ch 3: Production and Costs?
No — wrong answers are not penalised in this test.
Which topics does the Bihar Board Class 12 Commerce Economics · Ch 3: Production and Costs cover?
Production and Costs (30 questions).
Is the Bihar Board Class 12 Commerce Economics · Ch 3: Production and Costs free?
It is part of the BSEB Class 12 Commerce Test Series 2027 — Chapter-wise + Full Tests (26 tests, ₹149). You can first try Accountancy · Ch 1: Accounting for Partnership: Basic Concepts for free.
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