10th Chapter

ICS Part 1 Economics Chapter 10 MCQs Test

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

Start Chapter 10 Test

First Year Economics Chapter 10 Online MCQ Test for 1st Year Economics Chapter 10 (Organization)

Sr. # Questions Answers Choice
1 Limited liability is one of the advantages of
  • A. partnership
  • B. sole proprietor
  • C. joint stock company
  • D. cooperative society
2 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
3 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
4 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
5 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
6 It is an example of public limited company
  • A. WAPDA
  • B. President House
  • C. SHELL petroleum
  • D. none of the above
7 Debenture holders recive.
  • A. Interest
  • B. Wages
  • C. Dividend
  • D. Profit
8 How many types of organization
  • A. 5
  • B. 6
  • C. 7
  • D. 8
9 Members of a public limited company are elected by.
  • A. Directors
  • B. Government
  • C. Financial institutions
  • D. Share holders
10 A labourer resigns from service to start his own business. what type of mobility will it be.
  • A. Vertical mobilty
  • B. Occupational mobility
  • C. Horizontal mobility
  • D. Social mobility

Top Scorers of Economics Ics Part 1 English Medium Chapter 10 Online Test

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Xiao Jea

Lahore29 - Jun - 2025

10/20
07 Mins 05 Sec

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