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

How many merits of organization in text book

Question # 2

Production of wealth means:

Question # 3

Land means nature resources which are available.

Question # 4

Rice mill is a :

Question # 5

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

Question # 6

WAPDA is a

Question # 7

How many types of organization

Question # 8

It is most suitable for large scale business

Question # 9

Labour intensive technique of production means.

Question # 10

A joint stock company has

Question # 11

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

Question # 12

Production of wealth takes place by:

Question # 13

Habib Bank limited means that.

Question # 14

Factors of production are recently termed as.

Question # 15

The proportion of rural population in Pakistan is:

Question # 16

A public corporation comes into existence by means

Question # 17

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

Question # 18

One of the following will not be capital.

Question # 19

Members of a public limited company in Pakistan are.

Question # 20

One of the following is gift of a nature .

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10th Chapter

ICS Part 1 Economics Chapter 10 MCQs Test

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Sr.# Question Answer
1 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
2 Debenture holders recive.
A. Interest
B. Wages
C. Dividend
D. Profit
3 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization
4 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
5 How many merits of organization in text book
A. 7
B. 8
C. 9
D. 10
6 Efficiency of land can be promoted by.
A. Means of communication
B. Fertility of land
C. Climate condition
D. Quality of other factors
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 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
9 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
10 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

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