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

Land is mobile factor of production.

Question # 2

One of the following is fixed capital.

Question # 3

How many merits of organization in text book

Question # 4

One of the following will not be capital.

Question # 5

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

Question # 6

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

Question # 7

Land means nature resources which are available.

Question # 8

Pakistan population is growing a rate of .

Question # 9

Social stagnation is a big obstacle to.

Question # 10

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

Question # 11

It is most suitable for large scale business

Question # 12

Members of a public limited company are elected by.

Question # 13

Debenture holders recive.

Question # 14

Members of business partnership in Pakistan are:

Question # 15

The proportion of rural population in Pakistan is:

Question # 16

It is an example of public limited company

Question # 17

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

Question # 18

Limited liability is one of the advantages of

Question # 19

Those who invest in joint stock companies are called

Question # 20

Labour intensive technique of production means.

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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 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
2 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
3 Limited liability is one of the advantages of
A. partnership
B. sole proprietor
C. joint stock company
D. cooperative society
4 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
5 A public corporation comes into existence by means
A. registration under the Companies Act
B. Act of parliament
C. decision by the shareholders
D. registration with the Stock Exchange
6 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3
7 Labour intensive technique of production means.
A. More labour and less capital
B. Less labour and more capital
C. More labour and no land
D. More land and no labour
8 How many merits of organization in text book
A. 7
B. 8
C. 9
D. 10
9 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders
10 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three

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