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

Members of business partnership in Pakistan are:

Question # 2

A person who contributes funds in partnership but does not take active part in management of business is called

Question # 3

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

Question # 4

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

Question # 5

Members of a public limited company in Pakistan are.

Question # 6

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

Question # 7

Efficiency of land can be promoted by.

Question # 8

Pakistan population is growing a rate of .

Question # 9

One of the following is fixed capital.

Question # 10

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

Question # 11

He prepares the initial plan of the business

Question # 12

Labour intensive technique of production means.

Question # 13

One of the following is not land.

Question # 14

Mobility of labour can be promoted by.

Question # 15

Factors of production are recently termed as.

Question # 16

Rice mill is a :

Question # 17

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

Question # 18

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

Question # 19

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

Question # 20

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

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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 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
2 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
3 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
4 One of the following will not be capital.
A. Mchinery
B. Means of communication
C. Water falls
D. Means of transportation
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 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
7 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
8 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
9 Production of wealth means:
A. Driving a taxi
B. Teaching a daughter
C. A doctor serving his wife
D. All the three
10 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders

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