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

All factors of production are substitutable with each other. it is held by:

Question # 2

How many merits of organization in text book

Question # 3

A joint stock company has

Question # 4

Those who invest in joint stock companies are called

Question # 5

Rice mill is a :

Question # 6

The capital laying in the deposits of commercial bank is called.

Question # 7

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

Question # 8

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

Question # 9

Intensive cultivation means.

Question # 10

Labour intensive technique of production means.

Question # 11

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

Question # 12

They can expand their business by selling shares in the stock market

Question # 13

Production of wealth takes place by:

Question # 14

Land means nature resources which are available.

Question # 15

Social stagnation is a big obstacle to.

Question # 16

Habib Bank limited means that.

Question # 17

The submit the plan to the Registrar of Joint Stock Companies along with ______ documents

Question # 18

A person who contributes funds in partnership but does not take active part in management of business is called

Question # 19

Factors of production are recently termed as.

Question # 20

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

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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 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
2 Land means nature resources which are available.
A. On the soil
B. Above the soil
C. Below the soil
D. All the above
3 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3
4 How many types of organization
A. 5
B. 6
C. 7
D. 8
5 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
6 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
7 Land is mobile factor of production.
A. Not mobile
B. Mobile by the transfer ownership
C. Geographically mobile
D. Mobile vertically
8 He prepares the initial plan of the business
A. capitalist
B. manager
C. entrepreneur
D. officer
9 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
10 Labour intensive technique of production means.
A. More labour and less capital
B. Less labour and more capital
C. More labour and no land
D. More land and no labour

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