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

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Question # 1

WAPDA is a

Question # 2

Land means nature resources which are available.

Question # 3

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

Question # 4

How many various form of partnership

Question # 5

It is most suitable for large scale business

Question # 6

A public corporation comes into existence by means

Question # 7

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

Question # 8

Production of wealth takes place by:

Question # 9

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

Question # 10

The maximum number of parteners in a partnership is .

Question # 11

Joint stock company is manged and run by a

Question # 12

Labour intensive technique of production means.

Question # 13

A public limited company is run by

Question # 14

Members of a public limited company in Pakistan are.

Question # 15

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

Question # 16

Intensive cultivation means.

Question # 17

One of the following is not land.

Question # 18

One of the following will not be capital.

Question # 19

Efficiency of land can be promoted by.

Question # 20

Those who invest in joint stock companies are called

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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 It is most suitable for large scale business
A. proprietorship
B. partnership
C. corporation
D. cooperative society
2 If a public limited company issues bonds to increase resources, then it pays
A. fixed premium to bond holders
B. fixed interest to bond holders
C. fixed tax to bond holders
D. fixed profit to bond holders
3 How many merits of organization in text book
A. 7
B. 8
C. 9
D. 10
4 How many types of organization
A. 5
B. 6
C. 7
D. 8
5 Production of wealth takes place by:
A. A combination of output
B. A combination of input
C. Labour only
D. Capital only
6 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization
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 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
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 Factors of production are recently termed as.
A. Output
B. Outly
C. Input
D. None of them

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