10th Chapter

ICS Part 1 Economics Chapter 10 MCQs Test

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

Start Chapter 10 Test

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

Sr. # Questions Answers Choice
1 Production of wealth takes place by:
  • A. A combination of output
  • B. A combination of input
  • C. Labour only
  • D. Capital only
2 A professor is promoted to be a principle . What type of mobility will it be.
  • A. Vertical mobility
  • B. Horizontal mobility
  • C. Geographical mobility
  • D. None of the three
3 A labourer resigns from service to start his own business. what type of mobility will it be.
  • A. Vertical mobilty
  • B. Occupational mobility
  • C. Horizontal mobility
  • D. Social mobility
4 How many various form of partnership
  • A. 3
  • B. 4
  • C. 5
  • D. 6
5 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
6 Production of wealth means:
  • A. Driving a taxi
  • B. Teaching a daughter
  • C. A doctor serving his wife
  • D. All the three
7 Mobility of labour can be promoted by.
  • A. Health
  • B. Better rewards
  • C. Immigration
  • D. Information media
8 It is an example of public limited company
  • A. WAPDA
  • B. President House
  • C. SHELL petroleum
  • D. none of the above
9 How many types of organization
  • A. 5
  • B. 6
  • C. 7
  • D. 8
10 Reward of which factor of production is not pre-determined?
  • A. labour
  • B. land
  • C. capital
  • D. organisation

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