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

Production of wealth takes place by:

Question # 2

How many types of organization

Question # 3

Labour intensive technique of production means.

Question # 4

Factors of production are recently termed as.

Question # 5

The maximum number of parteners in a partnership is .

Question # 6

WAPDA is a

Question # 7

He prepares the initial plan of the business

Question # 8

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

Question # 9

One of the following is fixed capital.

Question # 10

One of the following is not land.

Question # 11

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

Question # 12

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

Question # 13

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

Question # 14

One of the following will not be capital.

Question # 15

Those who invest in joint stock companies are called

Question # 16

Land is mobile factor of production.

Question # 17

Habib Bank limited means that.

Question # 18

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

Question # 19

Intensive cultivation means.

Question # 20

It is an example of public limited company

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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 A joint stock company has
A. limited liability
B. unlimited liability
C. limited capital
D. unlimited capital
2 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3
3 How many various form of partnership
A. 3
B. 4
C. 5
D. 6
4 Limited liability is one of the advantages of
A. partnership
B. sole proprietor
C. joint stock company
D. cooperative society
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 Land means nature resources which are available.
A. On the soil
B. Above the soil
C. Below the soil
D. All the above
7 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization
8 Rice mill is a :
A. Fixed capital
B. Floating capital
C. Sunk capital
D. None of the three
9 The supply price of land is considered to be zero because .`
A. Its supply is limited
B. Its supply is infinity
C. In aggregate sense its cost of production s zero
D. Its demand is limited
10 The proportion of rural population in Pakistan is:
A. 68%
B. 70%
C. 72%
D. 74%

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