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 Rice mill is a :
  • A. Fixed capital
  • B. Floating capital
  • C. Sunk capital
  • D. None of the three
2 Debenture holders recive.
  • A. Interest
  • B. Wages
  • C. Dividend
  • D. Profit
3 It is an example of public limited company
  • A. WAPDA
  • B. President House
  • C. SHELL petroleum
  • D. none of the above
4 It is most suitable for large scale business
  • A. proprietorship
  • B. partnership
  • C. corporation
  • D. cooperative society
5 Limited liability is one of the advantages of
  • A. partnership
  • B. sole proprietor
  • C. joint stock company
  • D. cooperative society
6 How many types of organization
  • A. 5
  • B. 6
  • C. 7
  • D. 8
7 One of the following is fixed capital.
  • A. Raw material
  • B. Defence saving certificate
  • C. Machinery
  • D. None f the three
8 One of the following will not be capital.
  • A. Mchinery
  • B. Means of communication
  • C. Water falls
  • D. Means of transportation
9 Land is mobile factor of production.
  • A. Not mobile
  • B. Mobile by the transfer ownership
  • C. Geographically mobile
  • D. Mobile vertically
10 Members of business partnership in Pakistan are:
  • A. 2 to 20
  • B. 5 to 20
  • C. 2 to 25
  • D. 2 to 3

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