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

One of the following will not be capital.

Question # 2

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

Question # 3

The proportion of rural population in Pakistan is:

Question # 4

Production of wealth takes place by:

Question # 5

Factors of production are recently termed as.

Question # 6

One of the following is not land.

Question # 7

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

Question # 8

Pakistan population is growing a rate of .

Question # 9

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

Question # 10

Production of wealth means:

Question # 11

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

Question # 12

The maximum number of parteners in a partnership is .

Question # 13

Those who invest in joint stock companies are called

Question # 14

Members of business partnership in Pakistan are:

Question # 15

He prepares the initial plan of the business

Question # 16

WAPDA is a

Question # 17

Intensive cultivation means.

Question # 18

One of the following is gift of a nature .

Question # 19

Rice mill is a :

Question # 20

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

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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 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
2 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
3 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
4 Production of wealth takes place by:
A. A combination of output
B. A combination of input
C. Labour only
D. Capital only
5 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
6 One of the following is not land.
A. Sui gas
B. Electric power
C. Atlantic Ocean`
D. A river
7 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
8 WAPDA is a
A. public corporation
B. public company
C. private company
D. partnership
9 Joint stock company is manged and run by a
A. Board of Directors
B. Shareholders
C. Accountant
D. None of these
10 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

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