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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Economics Ics Part 1 English Medium Chapter 10 Online Test

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Question # 1

A public limited company is run by

Question # 2

Joint stock company is manged and run by a

Question # 3

How many merits of organization in text book

Question # 4

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

Question # 5

The proportion of rural population in Pakistan is:

Question # 6

The word "LIMITED" at the end of a firm's name means

Question # 7

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

Question # 8

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

Question # 9

A joint stock company has

Question # 10

Limited liability is one of the advantages of

Question # 11

The maximum number of parteners in a partnership is .

Question # 12

One of the following will not be capital.

Question # 13

Labour intensive technique of production means.

Question # 14

Rice mill is a :

Question # 15

WAPDA is a

Question # 16

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

Question # 17

Those who invest in joint stock companies are called

Question # 18

Land is mobile factor of production.

Question # 19

Mobility of labour can be promoted by.

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 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
2 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
3 The capital laying in the deposits of commercial bank is called.
A. Domestic capital
B. Real capital
C. Foreign capital
D. Money capital
4 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
5 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
6 Habib Bank limited means that.
A. Its capital is limited
B. It shareholders are limited
C. The liability of each shareholders is limited
D. Non of the three
7 Land is mobile factor of production.
A. Not mobile
B. Mobile by the transfer ownership
C. Geographically mobile
D. Mobile vertically
8 Intensive cultivation means.
A. Extending land for cultivation
B. Use of more input at the same land
C. More input and more land to be used`
D. More land and less labour to be used
9 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
10 A joint stock company has
A. limited liability
B. unlimited liability
C. limited capital
D. unlimited capital

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