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

Rice mill is a :

Question # 2

One of the following is fixed capital.

Question # 3

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

Question # 4

Factors of production are recently termed as.

Question # 5

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

Question # 6

A public corporation comes into existence by means

Question # 7

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

Question # 8

Members of a public limited company are elected by.

Question # 9

Efficiency of land can be promoted by.

Question # 10

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

Question # 11

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

Question # 12

Production of wealth takes place by:

Question # 13

It is most suitable for large scale business

Question # 14

Joint stock company is manged and run by a

Question # 15

How many types of organization

Question # 16

Production of wealth means:

Question # 17

It is an example of public limited company

Question # 18

Intensive cultivation means.

Question # 19

Debenture holders recive.

Question # 20

A joint stock company has

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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 Factors of production are recently termed as.
A. Output
B. Outly
C. Input
D. None of them
2 Production of wealth takes place by:
A. A combination of output
B. A combination of input
C. Labour only
D. Capital only
3 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
4 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
5 Social stagnation is a big obstacle to.
A. Mobility of labour
B. Division OF labour
C. Efficiency o labour
D. All the above
6 The proportion of rural population in Pakistan is:
A. 68%
B. 70%
C. 72%
D. 74%
7 Efficiency of land can be promoted by.
A. Means of communication
B. Fertility of land
C. Climate condition
D. Quality of other factors
8 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
9 He prepares the initial plan of the business
A. capitalist
B. manager
C. entrepreneur
D. officer
10 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization

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