First Year Economics Chapter 10 Online MCQ Test for 1st Year Economics Chapter 10 (Organization)

This online test contains MCQs about following topics:

Role of entrepreneur . Types of organisation . Individual owner . Partneship . Joint stock companey . State enterprises . Pakistan industrial development corporaion . PIA

ICS Part 1 Economics Chapter 10 Test

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MCQ's Test For Chapter 10 "Economics Ics Part 1 English Medium Chapter 10 Online Test"

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  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 10 Online Test

00:00
Question # 1

Rice mill is a :

Question # 2

One of the following can be registered in a stock exchange.

Question # 3

Land is mobile factor of production.

Question # 4

A professor is promoted to be a principle . What type of mobility will it be.

Question # 5

Habib Bank limited means that.

Question # 6

The maximum number of parteners in a partnership is .

Question # 7

Production of wealth means:

Question # 8

A public limited company is run by

Question # 9

One of the following is fixed capital.

Question # 10

It is most suitable for large scale business

Question # 11

A labourer resigns from service to start his own business. what type of mobility will it be.

Question # 12

Limited liability is one of the advantages of

Question # 13

WAPDA is a

Question # 14

The supply price of land is considered to be zero because .`

Question # 15

Land means nature resources which are available.

Question # 16

A joint stock company has

Question # 17

Social stagnation is a big obstacle to.

Question # 18

One of the following is gift of a nature .

Question # 19

The capital which loses it from whenever it is used, is

Question # 20

The word "LIMITED" at the end of a firm's name means

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10th Chapter

ICS Part 1 Economics Chapter 10 MCQs Test

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ICS Part 1 Economics Chapter 10 Important MCQ's

Sr.# Question Answer
1 Efficiency of land can be promoted by.
A. Means of communication
B. Fertility of land
C. Climate condition
D. Quality of other factors
2 Production of wealth means:
A. Driving a taxi
B. Teaching a daughter
C. A doctor serving his wife
D. All the three
3 How many types of organization
A. 5
B. 6
C. 7
D. 8
4 Production of wealth takes place by:
A. A combination of output
B. A combination of input
C. Labour only
D. Capital only
5 Habib Bank limited means that.
A. Its capital is limited
B. It shareholders are limited
C. The liability of each shareholders is limited
D. Non of the three
6 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3
7 WAPDA is a
A. public corporation
B. public company
C. private company
D. partnership
8 Intensive cultivation means.
A. Extending land for cultivation
B. Use of more input at the same land
C. More input and more land to be used`
D. More land and less labour to be used
9 Those who invest in joint stock companies are called
A. partners
B. shareholders
C. members
D. associates
10 The proportion of rural population in Pakistan is:
A. 68%
B. 70%
C. 72%
D. 74%

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