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

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 10 Online Test

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Question # 1

One of the following is gift of a nature .

Question # 2

Land means nature resources which are available.

Question # 3

Factors of production are recently termed as.

Question # 4

How many types of organization

Question # 5

It is most suitable for large scale business

Question # 6

Production of wealth takes place by:

Question # 7

Those who invest in joint stock companies are called

Question # 8

Intensive cultivation means.

Question # 9

The capital laying in the deposits of commercial bank is called.

Question # 10

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

Question # 11

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

Question # 12

One of the following will not be capital.

Question # 13

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

Question # 14

Reward of which factor of production is not pre-determined?

Question # 15

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

Question # 16

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

Question # 17

Labour intensive technique of production means.

Question # 18

Members of business partnership in Pakistan are:

Question # 19

Joint stock company is manged and run by a

Question # 20

A public corporation comes into existence by means

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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 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
2 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
3 A joint stock company has
A. limited liability
B. unlimited liability
C. limited capital
D. unlimited capital
4 Land is mobile factor of production.
A. Not mobile
B. Mobile by the transfer ownership
C. Geographically mobile
D. Mobile vertically
5 One of the following is not land.
A. Sui gas
B. Electric power
C. Atlantic Ocean`
D. A river
6 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
7 Social stagnation is a big obstacle to.
A. Mobility of labour
B. Division OF labour
C. Efficiency o labour
D. All the above
8 How many merits of organization in text book
A. 7
B. 8
C. 9
D. 10
9 Rice mill is a :
A. Fixed capital
B. Floating capital
C. Sunk capital
D. None of the three
10 It is most suitable for large scale business
A. proprietorship
B. partnership
C. corporation
D. cooperative society

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