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

00:00
Question # 1

Intensive cultivation means.

Question # 2

Land means nature resources which are available.

Question # 3

It is an example of public limited company

Question # 4

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

Question # 5

Land is mobile factor of production.

Question # 6

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

Question # 7

Production of wealth takes place by:

Question # 8

Members of business partnership in Pakistan are:

Question # 9

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

Question # 10

Members of a public limited company are elected by.

Question # 11

It is most suitable for large scale business

Question # 12

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

Question # 13

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

Question # 14

How many merits of organization in text book

Question # 15

The maximum number of parteners in a partnership is .

Question # 16

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

Question # 17

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

Question # 18

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

Question # 19

A public limited company is run by

Question # 20

Limited liability is one of the advantages of

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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 The word "LIMITED" at the end of a firm's name means
A. it produces only commodity
B. has limited capital
C. cannot have more than 100 members
D. shareholders liability to pay debt of firm cannot exceed value of their investment
2 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
3 The capital laying in the deposits of commercial bank is called.
A. Domestic capital
B. Real capital
C. Foreign capital
D. Money capital
4 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3
5 It is an example of public limited company
A. WAPDA
B. President House
C. SHELL petroleum
D. none of the above
6 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
7 They can expand their business by selling shares in the stock market
A. proprietor of a business
B. partners of the business
C. joint stock company
D. industrial cooperative societies
8 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
9 Debenture holders recive.
A. Interest
B. Wages
C. Dividend
D. Profit
10 Pakistan population is growing a rate of .
A. 2 % per annum
B. 1. 8 % per annum
C. 2.9 % per annum
D. 2.2 % per annum

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