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

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 10 Online Test

00:00
Question # 1

A public corporation comes into existence by means

Question # 2

Mobility of labour can be promoted by.

Question # 3

One of the following is not land.

Question # 4

He prepares the initial plan of the business

Question # 5

A public limited company is run by

Question # 6

Intensive cultivation means.

Question # 7

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

Question # 8

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

Question # 9

Members of business partnership in Pakistan are:

Question # 10

Joint stock company is manged and run by a

Question # 11

The maximum number of parteners in a partnership is .

Question # 12

Limited liability is one of the advantages of

Question # 13

Production of wealth means:

Question # 14

Land means nature resources which are available.

Question # 15

Rice mill is a :

Question # 16

How many merits of organization in text book

Question # 17

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

Question # 18

Members of a public limited company are elected by.

Question # 19

Members of a public limited company in Pakistan are.

Question # 20

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

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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 An entrepreneur is a person who performs the dual function of risk-taking and control. This is the definition of
A. Prof. Knight
B. Prof. Marshall
C. Prof. Robbins
D. Prof. Knees
2 How many various form of partnership
A. 3
B. 4
C. 5
D. 6
3 A joint stock company has
A. limited liability
B. unlimited liability
C. limited capital
D. unlimited capital
4 Rice mill is a :
A. Fixed capital
B. Floating capital
C. Sunk capital
D. None of the three
5 Social stagnation is a big obstacle to.
A. Mobility of labour
B. Division OF labour
C. Efficiency o labour
D. All the above
6 One of the following is not land.
A. Sui gas
B. Electric power
C. Atlantic Ocean`
D. A river
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 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
9 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
10 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

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