Question # 1

Land means nature resources which are available.

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On the soil

Above the soil

Below the soil

All the above

WAPDA is a

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public corporation

public company

private company

partnership

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

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Its supply is limited

Its supply is infinity

In aggregate sense its cost of production s zero

Its demand is limited

How many merits of organization in text book

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7

8

9

10

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

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Vertical mobilty

Occupational mobility

Horizontal mobility

Social mobility

One of the following is fixed capital.

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Raw material

Defence saving certificate

Machinery

None f the three

The maximum number of parteners in a partnership is .

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20

30

15

18

Rice mill is a :

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Fixed capital

Floating capital

Sunk capital

None of the three

Joint stock company is manged and run by a

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Board of Directors

Shareholders

Accountant

None of these

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

Production of wealth takes place by:

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A combination of output

A combination of input

Labour only

Capital only

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

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Basic infrastructure

Bank credit

Law and ordered

Stock broker

Limited liability is one of the advantages of

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partnership

sole proprietor

joint stock company

cooperative society

Members of a public limited company in Pakistan are.

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5 to 50

10 to 100

7 to any number

only 5

Members of business partnership in Pakistan are:

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2 to 20

5 to 20

2 to 25

2 to 3

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

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labour

land

capital

organisation

Mobility of labour can be promoted by.

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Health

Better rewards

Immigration

Information media

Factors of production are recently termed as.

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Output

Outly

Input

None of them

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

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Wicksteed

Hicks

Pareto

Pakistan population is growing a rate of .

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2 % per annum

1. 8 % per annum

2.9 % per annum

2.2 % per annum

One of the following is not land.

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Sui gas

Electric power

Atlantic Ocean`

A river

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