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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
MCQ's Test For Chapter 10 "Economics Ics Part 1 English Medium Chapter 10 Online Test"
Try The MCQ's Test For Chapter 10 "Economics Ics Part 1 English Medium Chapter 10 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 10 Online Test
00:00
Question # 1
An entrepreneur is a person who performs the dual function of risk-taking and control. This is the definition of
Question # 2
Limited liability is one of the advantages of
Question # 3
All factors of production are substitutable with each other. it is held by:
Question # 4
How many types of organization
Question # 5
The capital laying in the deposits of commercial bank is called.
Question # 6
Rice mill is a :
Question # 7
Labour intensive technique of production means.
Question # 8
A person who contributes funds in partnership but does not take active part in management of business is called
Question # 9
Reward of which factor of production is not pre-determined?
Question # 10
They can expand their business by selling shares in the stock market
Question # 11
Mobility of labour can be promoted by.
Question # 12
The word "LIMITED" at the end of a firm's name means
Question # 13
To promote capital investment in a country, what is essentially required is.
Question # 14
How many merits of organization in text book
Question # 15
Debenture holders recive.
Question # 16
A public limited company is run by
Question # 17
Land is mobile factor of production.
Question # 18
One of the following is not land.
Question # 19
He prepares the initial plan of the business
Question # 20
Production of wealth takes place by:
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 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
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| 2 | Efficiency of land can be promoted by. |
A. Means of communication
B. Fertility of land
C. Climate condition
D. Quality of other factors
|
| 3 | He prepares the initial plan of the business |
A. capitalist
B. manager
C. entrepreneur
D. officer
|
| 4 | Production of wealth means: |
A. Driving a taxi
B. Teaching a daughter
C. A doctor serving his wife
D. All the three
|
| 5 | 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
|
| 6 | 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
|
| 7 | Members of a public limited company in Pakistan are. |
A. 5 to 50
B. 10 to 100
C. 7 to any number
D. only 5
|
| 8 | Mobility of labour can be promoted by. |
A. Health
B. Better rewards
C. Immigration
D. Information media
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| 9 | 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
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| 10 | Reward of which factor of production is not pre-determined? |
A. labour
B. land
C. capital
D. organisation
|
Test Questions