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

Members of business partnership in Pakistan are:

Question # 2

Labour intensive technique of production means.

Question # 3

It is most suitable for large scale business

Question # 4

Efficiency of land can be promoted by.

Question # 5

One of the following is fixed capital.

Question # 6

Production of wealth means:

Question # 7

They can expand their business by selling shares in the stock market

Question # 8

Production of wealth takes place by:

Question # 9

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

Question # 10

The proportion of rural population in Pakistan is:

Question # 11

The maximum number of parteners in a partnership is .

Question # 12

Rice mill is a :

Question # 13

Those who invest in joint stock companies are called

Question # 14

He prepares the initial plan of the business

Question # 15

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

Question # 16

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

Question # 17

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

Question # 18

A public corporation comes into existence by means

Question # 19

One of the following is not land.

Question # 20

One of the following will not be capital.

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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 maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
2 It is most suitable for large scale business
A. proprietorship
B. partnership
C. corporation
D. cooperative society
3 Social stagnation is a big obstacle to.
A. Mobility of labour
B. Division OF labour
C. Efficiency o labour
D. All the above
4 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders
5 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
6 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
7 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
8 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3
9 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
10 One of the following is gift of a nature .
A. Land
B. Labour
C. Capital
D. Organization

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