10th Chapter

ICS Part 1 Economics Chapter 10 MCQs Test

First Year Economics Chapter 10 Online MCQ Test for 1st Year Economics Chapter 10 (Organization)

This online test contains MCQs about following topics:

Role of entrepreneur . Types of organisation . Individual owner . Partneship . Joint stock companey . State enterprises . Pakistan industrial development corporaion . PIA

First Year Economics Chapter 10 Online MCQ Test for 1st Year Economics Chapter 10 (Organization)

Sr. # Questions Answers Choice
1 Rice mill is a :
  • A. Fixed capital
  • B. Floating capital
  • C. Sunk capital
  • D. None of the three
2 To promote capital investment in a country, what is essentially required is.
  • A. Basic infrastructure
  • B. Bank credit
  • C. Law and ordered
  • D. Stock broker
3 He prepares the initial plan of the business
  • A. capitalist
  • B. manager
  • C. entrepreneur
  • D. officer
4 A public corporation comes into existence by means
  • A. registration under the Companies Act
  • B. Act of parliament
  • C. decision by the shareholders
  • D. registration with the Stock Exchange
5 They can expand their business by selling shares in the stock market
  • A. proprietor of a business
  • B. partners of the business
  • C. joint stock company
  • D. industrial cooperative societies
6 Land means nature resources which are available.
  • A. On the soil
  • B. Above the soil
  • C. Below the soil
  • D. All the above
7 A labourer resigns from service to start his own business. what type of mobility will it be.
  • A. Vertical mobilty
  • B. Occupational mobility
  • C. Horizontal mobility
  • D. Social mobility
8 How many various form of partnership
  • A. 3
  • B. 4
  • C. 5
  • D. 6
9 Labour intensive technique of production means.
  • A. More labour and less capital
  • B. Less labour and more capital
  • C. More labour and no land
  • D. More land and no labour
10 Production of wealth takes place by:
  • A. A combination of output
  • B. A combination of input
  • C. Labour only
  • D. Capital only

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