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

How many merits of organization in text book

Question # 2

Social stagnation is a big obstacle to.

Question # 3

Mobility of labour can be promoted by.

Question # 4

One of the following is fixed capital.

Question # 5

Labour intensive technique of production means.

Question # 6

Land is mobile factor of production.

Question # 7

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

Question # 8

It is an example of public limited company

Question # 9

Factors of production are recently termed as.

Question # 10

Members of a public limited company in Pakistan are.

Question # 11

Intensive cultivation means.

Question # 12

How many types of organization

Question # 13

Efficiency of land can be promoted by.

Question # 14

Habib Bank limited means that.

Question # 15

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

Question # 16

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

Question # 17

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

Question # 18

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

Question # 19

It is most suitable for large scale business

Question # 20

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

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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 Rice mill is a :
A. Fixed capital
B. Floating capital
C. Sunk capital
D. None of the three
2 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
3 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
4 A public limited company is run by
A. board of governors
B. board of managers
C. board of advisor's
D. board of directors
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 Members of a public limited company in Pakistan are.
A. 5 to 50
B. 10 to 100
C. 7 to any number
D. only 5
7 How many various form of partnership
A. 3
B. 4
C. 5
D. 6
8 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
9 How many types of organization
A. 5
B. 6
C. 7
D. 8
10 It is most suitable for large scale business
A. proprietorship
B. partnership
C. corporation
D. cooperative society

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