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

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Question # 1

Land means nature resources which are available.

Question # 2

One of the following is gift of a nature .

Question # 3

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

Question # 4

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

Question # 5

How many merits of organization in text book

Question # 6

Mobility of labour can be promoted by.

Question # 7

It is an example of public limited company

Question # 8

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

Question # 9

He prepares the initial plan of the business

Question # 10

Limited liability is one of the advantages of

Question # 11

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

Question # 12

How many various form of partnership

Question # 13

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

Question # 14

Efficiency of land can be promoted by.

Question # 15

Rice mill is a :

Question # 16

One of the following is fixed capital.

Question # 17

Members of a public limited company in Pakistan are.

Question # 18

It is most suitable for large scale business

Question # 19

Habib Bank limited means that.

Question # 20

Members of business partnership in Pakistan are:

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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 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
2 The capital laying in the deposits of commercial bank is called.
A. Domestic capital
B. Real capital
C. Foreign capital
D. Money capital
3 Social stagnation is a big obstacle to.
A. Mobility of labour
B. Division OF labour
C. Efficiency o labour
D. All the above
4 Those who invest in joint stock companies are called
A. partners
B. shareholders
C. members
D. associates
5 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
6 It is an example of public limited company
A. WAPDA
B. President House
C. SHELL petroleum
D. none of the above
7 How many merits of organization in text book
A. 7
B. 8
C. 9
D. 10
8 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
9 An entrepreneur is a person who performs the dual function of risk-taking and control. This is the definition of
A. Prof. Knight
B. Prof. Marshall
C. Prof. Robbins
D. Prof. Knees
10 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

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