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Online Tests
Economics Ics Part 1 English Medium Chapter 10 Online Test MCQs With Answers
Question # 1
Limited liability is one of the advantages of
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partnership
sole proprietor
joint stock company
cooperative society
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Question # 2
A public limited company is run by
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board of governors
board of managers
board of advisor's
board of directors
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Question # 3
Reward of which factor of production is not pre-determined?
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labour
land
capital
organisation
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Question # 4
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 # 5
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 # 6
The proportion of rural population in Pakistan is:
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68%
70%
72%
74%
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Question # 7
How many types of organization
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5
6
7
8
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Question # 8
Land is mobile factor of production.
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Not mobile
Mobile by the transfer ownership
Geographically mobile
Mobile vertically
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Question # 9
It is most suitable for large scale business
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proprietorship
partnership
corporation
cooperative society
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Question # 10
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 # 11
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 # 12
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 # 13
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
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Question # 14
Efficiency of land can be promoted by.
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Means of communication
Fertility of land
Climate condition
Quality of other factors
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Question # 15
Land means nature resources which are available.
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On the soil
Above the soil
Below the soil
All the above
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Question # 16
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 # 17
How many various form of partnership
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3
4
5
6
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Question # 18
Mobility of labour can be promoted by.
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Health
Better rewards
Immigration
Information media
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Question # 19
One of the following will not be capital.
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Mchinery
Means of communication
Water falls
Means of transportation
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Question # 20
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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