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

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

Question # 2

If a public limited company issues bonds to increase resources, then it pays

Question # 3

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

Question # 4

Members of a public limited company in Pakistan are.

Question # 5

Social stagnation is a big obstacle to.

Question # 6

Mobility of labour can be promoted by.

Question # 7

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

Question # 8

Rice mill is a :

Question # 9

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

Question # 10

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

Question # 11

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

Question # 12

Members of business partnership in Pakistan are:

Question # 13

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

Question # 14

He prepares the initial plan of the business

Question # 15

How many types of organization

Question # 16

It is most suitable for large scale business

Question # 17

One of the following is gift of a nature .

Question # 18

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

Question # 19

Labour intensive technique of production means.

Question # 20

The proportion of rural population in Pakistan is:

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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 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
3 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
4 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
5 Labour intensive technique of production means.
A. More labour and less capital
B. Less labour and more capital
C. More labour and no land
D. More land and no labour
6 WAPDA is a
A. public corporation
B. public company
C. private company
D. partnership
7 Production of wealth means:
A. Driving a taxi
B. Teaching a daughter
C. A doctor serving his wife
D. All the three
8 Factors of production are recently termed as.
A. Output
B. Outly
C. Input
D. None of them
9 Limited liability is one of the advantages of
A. partnership
B. sole proprietor
C. joint stock company
D. cooperative society
10 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

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