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

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Question # 1

All factors of production are substitutable with each other. it is held by:

Question # 2

Land means nature resources which are available.

Question # 3

A public corporation comes into existence by means

Question # 4

Efficiency of land can be promoted by.

Question # 5

Factors of production are recently termed as.

Question # 6

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

Question # 7

Pakistan population is growing a rate of .

Question # 8

One of the following will not be capital.

Question # 9

The capital which loses it from whenever it is used, is

Question # 10

He prepares the initial plan of the business

Question # 11

How many merits of organization in text book

Question # 12

The proportion of rural population in Pakistan is:

Question # 13

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

Question # 14

One of the following is not land.

Question # 15

How many types of organization

Question # 16

The supply price of land is considered to be zero because .`

Question # 17

Members of a public limited company are elected by.

Question # 18

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

Question # 19

A joint stock company has

Question # 20

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

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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 One of the following will not be capital.
A. Mchinery
B. Means of communication
C. Water falls
D. Means of transportation
2 A public corporation comes into existence by means
A. registration under the Companies Act
B. Act of parliament
C. decision by the shareholders
D. registration with the Stock Exchange
3 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
4 How many various form of partnership
A. 3
B. 4
C. 5
D. 6
5 An entrepreneur is a person who performs the dual function of risk-taking and control. This is the definition of
A. Prof. Knight
B. Prof. Marshall
C. Prof. Robbins
D. Prof. Knees
6 How many types of organization
A. 5
B. 6
C. 7
D. 8
7 The submit the plan to the Registrar of Joint Stock Companies along with ______ documents
A. Two
B. Three
C. Four
D. Five
8 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
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 can be registered in a stock exchange.
A. Business under partnership
B. Cooperative society
C. Join stock company
D. Sole proprietorship

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