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

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Question # 1

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

Question # 2

How many various form of partnership

Question # 3

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

Question # 4

Social stagnation is a big obstacle to.

Question # 5

He prepares the initial plan of the business

Question # 6

A joint stock company has

Question # 7

Intensive cultivation means.

Question # 8

Labour intensive technique of production means.

Question # 9

Limited liability is one of the advantages of

Question # 10

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

Question # 11

The proportion of rural population in Pakistan is:

Question # 12

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

Question # 13

It is an example of public limited company

Question # 14

One of the following is not land.

Question # 15

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

Question # 16

The maximum number of parteners in a partnership is .

Question # 17

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

Question # 18

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

Question # 19

Mobility of labour can be promoted by.

Question # 20

The capital laying in the deposits of commercial bank is 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 A public limited company is run by
A. board of governors
B. board of managers
C. board of advisor's
D. board of directors
2 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
3 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
4 The submit the plan to the Registrar of Joint Stock Companies along with ______ documents
A. Two
B. Three
C. Four
D. Five
5 The capital laying in the deposits of commercial bank is called.
A. Domestic capital
B. Real capital
C. Foreign capital
D. Money capital
6 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
7 How many merits of organization in text book
A. 7
B. 8
C. 9
D. 10
8 Land is mobile factor of production.
A. Not mobile
B. Mobile by the transfer ownership
C. Geographically mobile
D. Mobile vertically
9 A joint stock company has
A. limited liability
B. unlimited liability
C. limited capital
D. unlimited capital
10 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization

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