UGC NET Production function Previous Year Questions
JRFSmart holds 18 previous-year questions on Production function from UGC NET Commerce (Paper 2), filed under Unit 3: Business Economics, drawn from 15 of the 22 exam papers in the bank (2018–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Production function
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Cobb-Douglas returns to scale | 4 |
| CES production function | 2 |
| Isoquants and MRTS | 1 |
| Characteristics of inputs | 1 |
| Properties of isoquants | 1 |
| Long-run production function | 1 |
| Increasing returns to scale | 1 |
| Marginal rate of technical substitution | 1 |
| Law of diminishing returns to a variable input | 1 |
| Total, average and marginal product | 1 |
| Returns to scale | 1 |
| Production, average and marginal product | 1 |
NTA repeat analysis
Production function appears in 15 of 22 papers (68%), which JRFSmart rates as high frequency.
Sample previous-year questions
Total production is maximum when
When all the factors of production are changed in same proportion, it is called as; A. Long run production function B. Law of equal proportion C. Law of return to scale D. Law of return to a factor E. Law of Variable proportion Choose the correct answer from…
Match the LIST-I with LIST-II LIST I | LIST II A. Production Function | I. K (K, L) B. Average Product | II. TPn - TPn - 1 C. Marginal Product | III. Total Product/No. of units of variable factor D. Constant Return to scale | IV. Q = f (a, b, c, .......n)…
Identify the correct equation of Cobb-Douglas production function :
Suppose a production function is given as Q = -L^3 + 5L^2 + 10L. Which law of production is revealed by this production function :
Which one of the following is a correct assumption of Law of Diminishing Returns to a variable Input ?
In the Cobb-Douglas production function, Q = AKaLb, where 'a' and 'b' are output elasticities of capital and labour, respectively. If a + b > 1, the underlying return to scale will be:
Increasing returns to scale arise because as the scale of operation increases it causes: A. more division of labour and specialisation. B. productive utilisation of machinery C. lower procurement and logistic costs. D. more difficulties in managing firm…
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