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Online Tests
Economics Ics Part 1 English Medium Chapter 10 Online Test MCQs With Answers
Question # 1
The capital laying in the deposits of commercial bank is called.
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Domestic capital
Real capital
Foreign capital
Money capital
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Question # 2
The maximum number of parteners in a partnership is .
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20
30
15
18
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Question # 3
It is most suitable for large scale business
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proprietorship
partnership
corporation
cooperative society
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Question # 4
Members of business partnership in Pakistan are:
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2 to 20
5 to 20
2 to 25
2 to 3
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Question # 5
WAPDA is a
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public corporation
public company
private company
partnership
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Question # 6
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
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Question # 7
Production of wealth means:
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Driving a taxi
Teaching a daughter
A doctor serving his wife
All the three
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Question # 8
He prepares the initial plan of the business
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capitalist
manager
entrepreneur
officer
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Question # 9
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
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Question # 10
Joint stock company is manged and run by a
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Board of Directors
Shareholders
Accountant
None of these
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Question # 11
A professor is promoted to be a principle . What type of mobility will it be.
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Vertical mobility
Horizontal mobility
Geographical mobility
None of the three
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Question # 12
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
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Question # 13
Labour intensive technique of production means.
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More labour and less capital
Less labour and more capital
More labour and no land
More land and no labour
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Question # 14
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
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Question # 15
One of the following is not land.
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Sui gas
Electric power
Atlantic Ocean`
A river
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Question # 16
If a public limited company issues bonds to increase resources, then it pays
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fixed premium to bond holders
fixed interest to bond holders
fixed tax to bond holders
fixed profit to bond holders
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Question # 17
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
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Question # 18
Rice mill is a :
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Fixed capital
Floating capital
Sunk capital
None of the three
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Question # 19
A person who contributes funds in partnership but does not take active part in management of business is called
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sleeping partner
helping partner
temporary partner
inactive partner
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Question # 20
All factors of production are substitutable with each other. it is held by:
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Wicksteed
Hicks
Pareto
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