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

One of the following is not land.

Question # 2

The proportion of rural population in Pakistan is:

Question # 3

It is most suitable for large scale business

Question # 4

It is an example of public limited company

Question # 5

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

Question # 6

Members of a public limited company in Pakistan are.

Question # 7

To promote capital investment in a country, what is essentially required is.

Question # 8

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

Question # 9

The maximum number of parteners in a partnership is .

Question # 10

Production of wealth means:

Question # 11

A public limited company is run by

Question # 12

Rice mill is a :

Question # 13

WAPDA is a

Question # 14

How many various form of partnership

Question # 15

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

Question # 16

Joint stock company is manged and run by a

Question # 17

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

Question # 18

Intensive cultivation means.

Question # 19

He prepares the initial plan of the business

Question # 20

Labour intensive technique of production means.

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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 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
2 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
3 Habib Bank limited means that.
A. Its capital is limited
B. It shareholders are limited
C. The liability of each shareholders is limited
D. Non of the three
4 The proportion of rural population in Pakistan is:
A. 68%
B. 70%
C. 72%
D. 74%
5 Social stagnation is a big obstacle to.
A. Mobility of labour
B. Division OF labour
C. Efficiency o labour
D. All the above
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 A joint stock company has
A. limited liability
B. unlimited liability
C. limited capital
D. unlimited capital
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 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
10 The submit the plan to the Registrar of Joint Stock Companies along with ______ documents
A. Two
B. Three
C. Four
D. Five

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