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

How many types of organization

Question # 2

Members of a public limited company in Pakistan are.

Question # 3

The maximum number of parteners in a partnership is .

Question # 4

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

Question # 5

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

Question # 6

Social stagnation is a big obstacle to.

Question # 7

Production of wealth means:

Question # 8

One of the following will not be capital.

Question # 9

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

Question # 10

Members of business partnership in Pakistan are:

Question # 11

Members of a public limited company are elected by.

Question # 12

A professor is promoted to be a principle . What type of mobility will it be.

Question # 13

Land means nature resources which are available.

Question # 14

One of the following is not land.

Question # 15

How many various form of partnership

Question # 16

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

Question # 17

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

Question # 18

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

Question # 19

Mobility of labour can be promoted by.

Question # 20

WAPDA is a

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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 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
2 It is an example of public limited company
A. WAPDA
B. President House
C. SHELL petroleum
D. none of the above
3 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders
4 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
5 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
6 Production of wealth means:
A. Driving a taxi
B. Teaching a daughter
C. A doctor serving his wife
D. All the three
7 Land is mobile factor of production.
A. Not mobile
B. Mobile by the transfer ownership
C. Geographically mobile
D. Mobile vertically
8 The capital laying in the deposits of commercial bank is called.
A. Domestic capital
B. Real capital
C. Foreign capital
D. Money capital
9 Social stagnation is a big obstacle to.
A. Mobility of labour
B. Division OF labour
C. Efficiency o labour
D. All the above
10 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

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