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

ICS Part 1 Economics Chapter 10 Test

Start Chapter 10 Test

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

Sr. # Questions Answers Choice
1 Production of wealth takes place by:
  • A. A combination of output
  • B. A combination of input
  • C. Labour only
  • D. Capital only
2 If a public limited company issues bonds to increase resources, then it pays
  • A. fixed premium to bond holders
  • B. fixed interest to bond holders
  • C. fixed tax to bond holders
  • D. fixed profit to bond holders
3 How many merits of organization in text book
  • A. 7
  • B. 8
  • C. 9
  • D. 10
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 Efficiency of land can be promoted by.
  • A. Means of communication
  • B. Fertility of land
  • C. Climate condition
  • D. Quality of other factors
6 The supply price of land is considered to be zero because .`
  • A. Its supply is limited
  • B. Its supply is infinity
  • C. In aggregate sense its cost of production s zero
  • D. Its demand is limited
7 Those who invest in joint stock companies are called
  • A. partners
  • B. shareholders
  • C. members
  • D. associates
8 Mobility of labour can be promoted by.
  • A. Health
  • B. Better rewards
  • C. Immigration
  • D. Information media
9 Reward of which factor of production is not pre-determined?
  • A. labour
  • B. land
  • C. capital
  • D. organisation
10 One of the following is gift of a nature .
  • A. Land
  • B. Labour
  • C. Capital
  • D. Organization

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