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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ICS Part 1 Economics Chapter Wise Test

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

Habib Bank limited means that.

Question # 2

He prepares the initial plan of the business

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 business partnership in Pakistan are:

Question # 6

Labour intensive technique of production means.

Question # 7

Efficiency of land can be promoted by.

Question # 8

One of the following is not land.

Question # 9

A joint stock company has

Question # 10

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

Question # 11

Production of wealth means:

Question # 12

Mobility of labour can be promoted by.

Question # 13

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

Question # 14

It is most suitable for large scale business

Question # 15

Those who invest in joint stock companies are called

Question # 16

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

Question # 17

One of the following is gift of a nature .

Question # 18

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

Question # 19

Limited liability is one of the advantages of

Question # 20

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

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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 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
2 WAPDA is a
A. public corporation
B. public company
C. private company
D. partnership
3 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
4 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
5 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3
6 Production of wealth takes place by:
A. A combination of output
B. A combination of input
C. Labour only
D. Capital only
7 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
8 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
9 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization
10 Limited liability is one of the advantages of
A. partnership
B. sole proprietor
C. joint stock company
D. cooperative society

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