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

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

Question # 2

Land is mobile factor of production.

Question # 3

A public limited company is run by

Question # 4

Debenture holders recive.

Question # 5

It is most suitable for large scale business

Question # 6

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

Question # 7

Members of a public limited company in Pakistan are.

Question # 8

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

Question # 9

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

Question # 10

Those who invest in joint stock companies are called

Question # 11

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

Question # 12

A joint stock company has

Question # 13

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

Question # 14

One of the following is fixed capital.

Question # 15

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

Question # 16

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

Question # 17

It is an example of public limited company

Question # 18

Production of wealth means:

Question # 19

WAPDA is a

Question # 20

Efficiency of land can be promoted by.

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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 Land means nature resources which are available.
A. On the soil
B. Above the soil
C. Below the soil
D. All the above
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 WAPDA is a
A. public corporation
B. public company
C. private company
D. partnership
5 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization
6 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
7 The capital which loses it from whenever it is used, is
A. Circulating capital
B. Fixed capital
C. Money capital
D. Real capital
8 To promote capital investment in a country, what is essentially required is.
A. Basic infrastructure
B. Bank credit
C. Law and ordered
D. Stock broker
9 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
10 Rice mill is a :
A. Fixed capital
B. Floating capital
C. Sunk capital
D. None of the three

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