Economics Ics Part 1 English Medium Online Test With Answers

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Economics Ics Part 1 English Medium Online Test

Sr. # Questions Answers Choice
1 One of the following is gift of a nature . Land Labour Capital Organization
2 Debenture holders recive. Interest Wages Dividend Profit
3 Habib Bank limited means that. Its capital is limited It shareholders are limited The liability of each shareholders is limited Non of the three
4 One of the following can be registered in a stock exchange. Business under partnership Cooperative society Join stock company Sole proprietorship
5 Members of a public limited company are elected by. Directors Government Financial institutions Share holders
6 Members of a public limited company in Pakistan are. 5 to 50 10 to 100 7 to any number only 5
7 Members of business partnership in Pakistan are: 2 to 20 5 to 20 2 to 25 2 to 3
8 To promote capital investment in a country, what is essentially required is. Basic infrastructure Bank credit Law and ordered Stock broker
9 One of the following is fixed capital. Raw material Defence saving certificate Machinery None f the three
10 Rice mill is a : Fixed capital Floating capital Sunk capital None of the three
11 The proportion of rural population in Pakistan is: 68% 70% 72% 74%
12 Social stagnation is a big obstacle to. Mobility of labour Division OF labour Efficiency o labour All the above
13 One of the following is not land. Sui gas Electric power Atlantic Ocean` A river
14 Intensive cultivation means. 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
15 The supply price of land is considered to be zero because .` Its supply is limited Its supply is infinity In aggregate sense its cost of production s zero Its demand is limited
16 All factors of production are substitutable with each other. it is held by: Wicksteed Hicks Pareto
17 Land means nature resources which are available. On the soil Above the soil Below the soil All the above
18 Labour intensive technique of production means. More labour and less capital Less labour and more capital More labour and no land More land and no labour
19 Production of wealth takes place by: A combination of output A combination of input Labour only Capital only
20 Production of wealth means: Driving a taxi Teaching a daughter A doctor serving his wife All the three
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