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

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

Question # 2

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

Question # 3

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

Question # 4

Members of a public limited company are elected by.

Question # 5

Members of a public limited company in Pakistan are.

Question # 6

Reward of which factor of production is not pre-determined?

Question # 7

It is an example of public limited company

Question # 8

Those who invest in joint stock companies are called

Question # 9

All factors of production are substitutable with each other. it is held by:

Question # 10

Labour intensive technique of production means.

Question # 11

Pakistan population is growing a rate of .

Question # 12

Factors of production are recently termed as.

Question # 13

WAPDA is a

Question # 14

One of the following is fixed capital.

Question # 15

He prepares the initial plan of the business

Question # 16

How many types of organization

Question # 17

Production of wealth means:

Question # 18

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

Question # 19

Land is mobile factor of production.

Question # 20

It is most suitable for large scale business

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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 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders
2 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
3 Members of a public limited company in Pakistan are.
A. 5 to 50
B. 10 to 100
C. 7 to any number
D. only 5
4 They can expand their business by selling shares in the stock market
A. proprietor of a business
B. partners of the business
C. joint stock company
D. industrial cooperative societies
5 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
6 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
7 How many types of organization
A. 5
B. 6
C. 7
D. 8
8 How many merits of organization in text book
A. 7
B. 8
C. 9
D. 10
9 One of the following can be registered in a stock exchange.
A. Business under partnership
B. Cooperative society
C. Join stock company
D. Sole proprietorship
10 Pakistan population is growing a rate of .
A. 2 % per annum
B. 1. 8 % per annum
C. 2.9 % per annum
D. 2.2 % per annum

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