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"

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

  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 10 Online Test

00:00
Question # 1

Production of wealth takes place by:

Question # 2

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

Question # 3

Members of business partnership in Pakistan are:

Question # 4

A public limited company is run by

Question # 5

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

Question # 6

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

Question # 7

It is most suitable for large scale business

Question # 8

The submit the plan to the Registrar of Joint Stock Companies along with ______ documents

Question # 9

How many merits of organization in text book

Question # 10

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

Question # 11

One of the following will not be capital.

Question # 12

The supply price of land is considered to be zero because .`

Question # 13

Pakistan population is growing a rate of .

Question # 14

How many various form of partnership

Question # 15

Mobility of labour can be promoted by.

Question # 16

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

Question # 17

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

Question # 18

Joint stock company is manged and run by a

Question # 19

One of the following is not land.

Question # 20

He prepares the initial plan of the business

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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 public limited company is run by
A. board of governors
B. board of managers
C. board of advisor's
D. board of directors
2 Production of wealth means:
A. Driving a taxi
B. Teaching a daughter
C. A doctor serving his wife
D. All the three
3 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
4 Pakistan population is growing a rate of .
A. 2 % per annum
B. 1. 8 % per annum
C. 2.9 % per annum
D. 2.2 % per annum
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 WAPDA is a
A. public corporation
B. public company
C. private company
D. partnership
7 One of the following is not land.
A. Sui gas
B. Electric power
C. Atlantic Ocean`
D. A river
8 A professor is promoted to be a principle . What type of mobility will it be.
A. Vertical mobility
B. Horizontal mobility
C. Geographical mobility
D. None of the three
9 Factors of production are recently termed as.
A. Output
B. Outly
C. Input
D. None of them
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

Test Questions

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