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

It is an example of public limited company

Question # 2

A public corporation comes into existence by means

Question # 3

Members of a public limited company in Pakistan are.

Question # 4

He prepares the initial plan of the business

Question # 5

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

Question # 6

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

Question # 7

Pakistan population is growing a rate of .

Question # 8

Land is mobile factor of production.

Question # 9

It is most suitable for large scale business

Question # 10

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

Question # 11

Labour intensive technique of production means.

Question # 12

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

Question # 13

How many merits of organization in text book

Question # 14

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

Question # 15

Social stagnation is a big obstacle to.

Question # 16

Efficiency of land can be promoted by.

Question # 17

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

Question # 18

A joint stock company has

Question # 19

Factors of production are recently termed as.

Question # 20

Rice mill is a :

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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 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
2 Land is mobile factor of production.
A. Not mobile
B. Mobile by the transfer ownership
C. Geographically mobile
D. Mobile vertically
3 How many types of organization
A. 5
B. 6
C. 7
D. 8
4 Land means nature resources which are available.
A. On the soil
B. Above the soil
C. Below the soil
D. All the above
5 It is most suitable for large scale business
A. proprietorship
B. partnership
C. corporation
D. cooperative society
6 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
7 One of the following will not be capital.
A. Mchinery
B. Means of communication
C. Water falls
D. Means of transportation
8 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization
9 The submit the plan to the Registrar of Joint Stock Companies along with ______ documents
A. Two
B. Three
C. Four
D. Five
10 Joint stock company is manged and run by a
A. Board of Directors
B. Shareholders
C. Accountant
D. None of these

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