Question # 1

Mobility of labour can be promoted by.

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Health

Better rewards

Immigration

Information media

Social stagnation is a big obstacle to.

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Mobility of labour

Division OF labour

Efficiency o labour

All the above

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

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labour

land

capital

organisation

A public corporation comes into existence by means

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registration under the Companies Act

Act of parliament

decision by the shareholders

registration with the Stock Exchange

He prepares the initial plan of the business

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capitalist

manager

entrepreneur

officer

Efficiency of land can be promoted by.

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Means of communication

Fertility of land

Climate condition

Quality of other factors

One of the following is not land.

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Sui gas

Electric power

Atlantic Ocean`

A river

It is most suitable for large scale business

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proprietorship

partnership

corporation

cooperative society

Limited liability is one of the advantages of

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partnership

sole proprietor

joint stock company

cooperative society

Production of wealth takes place by:

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A combination of output

A combination of input

Labour only

Capital only

Intensive cultivation means.

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Extending land for cultivation

Use of more input at the same land

More input and more land to be used`

More land and less labour to be used

How many types of organization

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5

6

7

8

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

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Circulating capital

Fixed capital

Money capital

Real capital

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

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Domestic capital

Real capital

Foreign capital

Money capital

Joint stock company is manged and run by a

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Board of Directors

Shareholders

Accountant

None of these

WAPDA is a

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public corporation

public company

private company

partnership

Habib Bank limited means that.

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Its capital is limited

It shareholders are limited

The liability of each shareholders is limited

Non of the three

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

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Wicksteed

Hicks

Pareto

The maximum number of parteners in a partnership is .

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20

30

15

18

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

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proprietor of a business

partners of the business

joint stock company

industrial cooperative societies

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Economics Ics Part 1 English Medium Chapter 10 Online Test MCQs With Answers

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