Question # 1

Limited liability is one of the advantages of

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partnership

sole proprietor

joint stock company

cooperative society

A public limited company is run by

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board of governors

board of managers

board of advisor's

board of directors

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

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labour

land

capital

organisation

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

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

The proportion of rural population in Pakistan is:

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68%

70%

72%

74%

How many types of organization

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5

6

7

8

Land is mobile factor of production.

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Not mobile

Mobile by the transfer ownership

Geographically mobile

Mobile vertically

It is most suitable for large scale business

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proprietorship

partnership

corporation

cooperative society

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

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

Members of business partnership in Pakistan are:

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2 to 20

5 to 20

2 to 25

2 to 3

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

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Business under partnership

Cooperative society

Join stock company

Sole proprietorship

Efficiency of land can be promoted by.

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Means of communication

Fertility of land

Climate condition

Quality of other factors

Land means nature resources which are available.

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On the soil

Above the soil

Below the soil

All the above

Joint stock company is manged and run by a

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Board of Directors

Shareholders

Accountant

None of these

How many various form of partnership

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3

4

5

6

Mobility of labour can be promoted by.

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Health

Better rewards

Immigration

Information media

One of the following will not be capital.

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Mchinery

Means of communication

Water falls

Means of transportation

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

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Circulating capital

Fixed capital

Money capital

Real capital

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