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

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Economics Ics Part 1 English Medium Chapter 10 Online Test

00:00
Question # 1

Production of wealth takes place by:

Question # 2

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

Question # 3

Labour intensive technique of production means.

Question # 4

Pakistan population is growing a rate of .

Question # 5

Factors of production are recently termed as.

Question # 6

One of the following is fixed capital.

Question # 7

How many various form of partnership

Question # 8

Social stagnation is a big obstacle to.

Question # 9

Intensive cultivation means.

Question # 10

The capital laying in the deposits of commercial bank is called.

Question # 11

The proportion of rural population in Pakistan is:

Question # 12

Joint stock company is manged and run by a

Question # 13

It is most suitable for large scale business

Question # 14

A joint stock company has

Question # 15

Production of wealth means:

Question # 16

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

Question # 17

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

Question # 18

The maximum number of parteners in a partnership is .

Question # 19

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

Question # 20

They can expand their business by selling shares in the stock market

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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 is mobile factor of production.
A. Not mobile
B. Mobile by the transfer ownership
C. Geographically mobile
D. Mobile vertically
2 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
3 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
4 The capital laying in the deposits of commercial bank is called.
A. Domestic capital
B. Real capital
C. Foreign capital
D. Money capital
5 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
6 One of the following can be registered in a stock exchange.
A. Business under partnership
B. Cooperative society
C. Join stock company
D. Sole proprietorship
7 Joint stock company is manged and run by a
A. Board of Directors
B. Shareholders
C. Accountant
D. None of these
8 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
9 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
10 The word "LIMITED" at the end of a firm's name means
A. it produces only commodity
B. has limited capital
C. cannot have more than 100 members
D. shareholders liability to pay debt of firm cannot exceed value of their investment

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