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

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Economics Ics Part 1 English Medium Chapter 10 Online Test

00:00
Question # 1

They can expand their business by selling shares in the stock market

Question # 2

Land is mobile factor of production.

Question # 3

Joint stock company is manged and run by a

Question # 4

The proportion of rural population in Pakistan is:

Question # 5

One of the following is gift of a nature .

Question # 6

Pakistan population is growing a rate of .

Question # 7

The submit the plan to the Registrar of Joint Stock Companies along with ______ documents

Question # 8

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

Question # 9

Production of wealth means:

Question # 10

The maximum number of parteners in a partnership is .

Question # 11

Intensive cultivation means.

Question # 12

A joint stock company has

Question # 13

Debenture holders recive.

Question # 14

It is most suitable for large scale business

Question # 15

Mobility of labour can be promoted by.

Question # 16

To promote capital investment in a country, what is essentially required is.

Question # 17

An entrepreneur is a person who performs the dual function of risk-taking and control. This is the definition of

Question # 18

A person who contributes funds in partnership but does not take active part in management of business is called

Question # 19

Efficiency of land can be promoted by.

Question # 20

Limited liability is one of the advantages of

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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 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
2 Joint stock company is manged and run by a
A. Board of Directors
B. Shareholders
C. Accountant
D. None of these
3 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
4 Rice mill is a :
A. Fixed capital
B. Floating capital
C. Sunk capital
D. None of the three
5 The supply price of land is considered to be zero because .`
A. Its supply is limited
B. Its supply is infinity
C. In aggregate sense its cost of production s zero
D. Its demand is limited
6 A public corporation comes into existence by means
A. registration under the Companies Act
B. Act of parliament
C. decision by the shareholders
D. registration with the Stock Exchange
7 If a public limited company issues bonds to increase resources, then it pays
A. fixed premium to bond holders
B. fixed interest to bond holders
C. fixed tax to bond holders
D. fixed profit to bond holders
8 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
9 A person who contributes funds in partnership but does not take active part in management of business is called
A. sleeping partner
B. helping partner
C. temporary partner
D. inactive partner
10 The submit the plan to the Registrar of Joint Stock Companies along with ______ documents
A. Two
B. Three
C. Four
D. Five

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