Question # 1

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

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Wicksteed

Hicks

Pareto

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

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

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Prof. Knight

Prof. Marshall

Prof. Robbins

Prof. Knees

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

Efficiency of land can be promoted by.

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Means of communication

Fertility of land

Climate condition

Quality of other factors

WAPDA is a

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public corporation

public company

private company

partnership

Production of wealth means:

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Driving a taxi

Teaching a daughter

A doctor serving his wife

All the three

The maximum number of parteners in a partnership is .

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20

30

15

18

How many various form of partnership

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3

4

5

6

Social stagnation is a big obstacle to.

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Mobility of labour

Division OF labour

Efficiency o labour

All the above

Land is mobile factor of production.

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Not mobile

Mobile by the transfer ownership

Geographically mobile

Mobile vertically

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

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Two

Three

Four

Five

Members of a public limited company are elected by.

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Directors

Government

Financial institutions

Share holders

It is an example of public limited company

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WAPDA

President House

SHELL petroleum

none of the above

Members of business partnership in Pakistan are:

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2 to 20

5 to 20

2 to 25

2 to 3

A public limited company is run by

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board of governors

board of managers

board of advisor's

board of directors

One of the following is not land.

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Sui gas

Electric power

Atlantic Ocean`

A river

Production of wealth takes place by:

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A combination of output

A combination of input

Labour only

Capital only

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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