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

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Economics Ics Part 1 English Medium Chapter 10 Online Test

00:00
Question # 1

How many merits of organization in text book

Question # 2

It is most suitable for large scale business

Question # 3

He prepares the initial plan of the business

Question # 4

How many various form of partnership

Question # 5

Members of a public limited company in Pakistan are.

Question # 6

Factors of production are recently termed as.

Question # 7

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

Question # 8

It is an example of public limited company

Question # 9

A public limited company is run by

Question # 10

Intensive cultivation means.

Question # 11

Efficiency of land can be promoted by.

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

Land is mobile factor of production.

Question # 16

A joint stock company has

Question # 17

Production of wealth takes place by:

Question # 18

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

Question # 19

Members of a public limited company are elected by.

Question # 20

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

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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 Social stagnation is a big obstacle to.
A. Mobility of labour
B. Division OF labour
C. Efficiency o labour
D. All the above
2 The supply price of land is considered to be zero because .`
A. Its supply is limited
B. Its supply is infinity
C. In aggregate sense its cost of production s zero
D. Its demand is limited
3 It is most suitable for large scale business
A. proprietorship
B. partnership
C. corporation
D. cooperative society
4 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
5 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
6 How many types of organization
A. 5
B. 6
C. 7
D. 8
7 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
8 Limited liability is one of the advantages of
A. partnership
B. sole proprietor
C. joint stock company
D. cooperative society
9 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
10 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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