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

ICS Part 1 Economics Chapter 10 Test

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MCQ's Test For Chapter 10 "Economics Ics Part 1 English Medium Chapter 10 Online Test"

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  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 10 Online Test

00:00
Question # 1

One of the following will not be capital.

Question # 2

Production of wealth takes place by:

Question # 3

Land is mobile factor of production.

Question # 4

It is most suitable for large scale business

Question # 5

A labourer resigns from service to start his own business. what type of mobility will it be.

Question # 6

A person who contributes funds in partnership but does not take active part in management of business is called

Question # 7

Labour intensive technique of production means.

Question # 8

Factors of production are recently termed as.

Question # 9

The proportion of rural population in Pakistan is:

Question # 10

The maximum number of parteners in a partnership is .

Question # 11

Rice mill is a :

Question # 12

A professor is promoted to be a principle . What type of mobility will it be.

Question # 13

To promote capital investment in a country, what is essentially required is.

Question # 14

An entrepreneur is a person who performs the dual function of risk-taking and control. This is the definition of

Question # 15

One of the following can be registered in a stock exchange.

Question # 16

WAPDA is a

Question # 17

How many merits of organization in text book

Question # 18

One of the following is gift of a nature .

Question # 19

One of the following is fixed capital.

Question # 20

The word "LIMITED" at the end of a firm's name means

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10th Chapter

ICS Part 1 Economics Chapter 10 MCQs Test

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ICS Part 1 Economics Chapter 10 Important MCQ's

Sr.# Question Answer
1 Land means nature resources which are available.
A. On the soil
B. Above the soil
C. Below the soil
D. All the above
2 The proportion of rural population in Pakistan is:
A. 68%
B. 70%
C. 72%
D. 74%
3 One of the following is not land.
A. Sui gas
B. Electric power
C. Atlantic Ocean`
D. A river
4 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
5 How many types of organization
A. 5
B. 6
C. 7
D. 8
6 An entrepreneur is a person who performs the dual function of risk-taking and control. This is the definition of
A. Prof. Knight
B. Prof. Marshall
C. Prof. Robbins
D. Prof. Knees
7 Factors of production are recently termed as.
A. Output
B. Outly
C. Input
D. None of them
8 Debenture holders recive.
A. Interest
B. Wages
C. Dividend
D. Profit
9 Rice mill is a :
A. Fixed capital
B. Floating capital
C. Sunk capital
D. None of the three
10 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders

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