Question # 1

Factors of production are recently termed as.

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Output

Outly

Input

None of them

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

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Circulating capital

Fixed capital

Money capital

Real capital

Joint stock company is manged and run by a

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Board of Directors

Shareholders

Accountant

None of these

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

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

Limited liability is one of the advantages of

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partnership

sole proprietor

joint stock company

cooperative society

The proportion of rural population in Pakistan is:

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68%

70%

72%

74%

How many various form of partnership

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3

4

5

6

Land means nature resources which are available.

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On the soil

Above the soil

Below the soil

All the above

The maximum number of parteners in a partnership is .

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20

30

15

18

He prepares the initial plan of the business

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capitalist

manager

entrepreneur

officer

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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Economics Ics Part 1 English Medium Chapter 10 Online Test MCQs With Answers

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