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Online Tests
Economics Ics Part 1 English Medium Chapter 10 Online Test MCQs With Answers
Question # 1
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 # 2
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 # 3
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 # 4
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
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Question # 5
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 # 6
A joint stock company has
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limited liability
unlimited liability
limited capital
unlimited capital
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Question # 7
Production of wealth takes place by:
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A combination of output
A combination of input
Labour only
Capital only
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Question # 8
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 # 9
The word "LIMITED" at the end of a firm's name means
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it produces only commodity
has limited capital
cannot have more than 100 members
shareholders liability to pay debt of firm cannot exceed value of their investment
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Question # 10
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 # 11
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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Question # 12
It is most suitable for large scale business
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proprietorship
partnership
corporation
cooperative society
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