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

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Question # 1

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

Question # 2

How many merits of organization in text book

Question # 3

Limited liability is one of the advantages of

Question # 4

Rice mill is a :

Question # 5

A public limited company is run by

Question # 6

One of the following is not land.

Question # 7

Habib Bank limited means that.

Question # 8

How many various form of partnership

Question # 9

The capital which loses it from whenever it is used, is

Question # 10

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

Question # 11

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

Question # 12

He prepares the initial plan of the business

Question # 13

Mobility of labour can be promoted by.

Question # 14

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

Question # 15

Those who invest in joint stock companies are called

Question # 16

A public corporation comes into existence by means

Question # 17

Reward of which factor of production is not pre-determined?

Question # 18

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

Question # 19

WAPDA is a

Question # 20

Production of wealth takes place by:

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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 Debenture holders recive.
A. Interest
B. Wages
C. Dividend
D. Profit
2 Intensive cultivation means.
A. Extending land for cultivation
B. Use of more input at the same land
C. More input and more land to be used`
D. More land and less labour to be used
3 Habib Bank limited means that.
A. Its capital is limited
B. It shareholders are limited
C. The liability of each shareholders is limited
D. Non of the three
4 Joint stock company is manged and run by a
A. Board of Directors
B. Shareholders
C. Accountant
D. None of these
5 Those who invest in joint stock companies are called
A. partners
B. shareholders
C. members
D. associates
6 Rice mill is a :
A. Fixed capital
B. Floating capital
C. Sunk capital
D. None of the three
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 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3
9 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
10 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders

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