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

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

Sr. # Questions Answers Choice
1 It is most suitable for large scale business
  • A. proprietorship
  • B. partnership
  • C. corporation
  • D. cooperative society
2 Labour intensive technique of production means.
  • A. More labour and less capital
  • B. Less labour and more capital
  • C. More labour and no land
  • D. More land and no labour
3 The capital which loses it from whenever it is used, is
  • A. Circulating capital
  • B. Fixed capital
  • C. Money capital
  • D. Real capital
4 One of the following is not land.
  • A. Sui gas
  • B. Electric power
  • C. Atlantic Ocean`
  • D. A river
5 Members of business partnership in Pakistan are:
  • A. 2 to 20
  • B. 5 to 20
  • C. 2 to 25
  • D. 2 to 3
6 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
7 Efficiency of land can be promoted by.
  • A. Means of communication
  • B. Fertility of land
  • C. Climate condition
  • D. Quality of other factors
8 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
9 Joint stock company is manged and run by a
  • A. Board of Directors
  • B. Shareholders
  • C. Accountant
  • D. None of these
10 One of the following is fixed capital.
  • A. Raw material
  • B. Defence saving certificate
  • C. Machinery
  • D. None f the three

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