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

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

Question # 2

Reward of which factor of production is not pre-determined?

Question # 3

Production of wealth takes place by:

Question # 4

Members of a public limited company are elected by.

Question # 5

The proportion of rural population in Pakistan is:

Question # 6

Debenture holders recive.

Question # 7

It is most suitable for large scale business

Question # 8

Efficiency of land can be promoted by.

Question # 9

Limited liability is one of the advantages of

Question # 10

Land means nature resources which are available.

Question # 11

Mobility of labour can be promoted by.

Question # 12

He prepares the initial plan of the business

Question # 13

How many types of organization

Question # 14

Rice mill is a :

Question # 15

If a public limited company issues bonds to increase resources, then it pays

Question # 16

One of the following is not land.

Question # 17

Joint stock company is manged and run by a

Question # 18

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

Question # 19

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

Question # 20

Members of business partnership in Pakistan are:

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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 A person who contributes funds in partnership but does not take active part in management of business is called
A. sleeping partner
B. helping partner
C. temporary partner
D. inactive partner
2 How many types of organization
A. 5
B. 6
C. 7
D. 8
3 How many various form of partnership
A. 3
B. 4
C. 5
D. 6
4 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
5 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
6 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
7 Mobility of labour can be promoted by.
A. Health
B. Better rewards
C. Immigration
D. Information media
8 Efficiency of land can be promoted by.
A. Means of communication
B. Fertility of land
C. Climate condition
D. Quality of other factors
9 It is an example of public limited company
A. WAPDA
B. President House
C. SHELL petroleum
D. none of the above
10 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

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