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

How many various form of partnership

Question # 2

Labour intensive technique of production means.

Question # 3

If a public limited company issues bonds to increase resources, then it pays

Question # 4

One of the following will not be capital.

Question # 5

Those who invest in joint stock companies are called

Question # 6

One of the following is gift of a nature .

Question # 7

Joint stock company is manged and run by a

Question # 8

It is most suitable for large scale business

Question # 9

One of the following is not land.

Question # 10

A public limited company is run by

Question # 11

Production of wealth takes place by:

Question # 12

Efficiency of land can be promoted by.

Question # 13

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

Question # 14

Habib Bank limited means that.

Question # 15

One of the following is fixed capital.

Question # 16

Rice mill is a :

Question # 17

Production of wealth means:

Question # 18

Intensive cultivation means.

Question # 19

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

Question # 20

Limited liability is one of the advantages of

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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 Joint stock company is manged and run by a
A. Board of Directors
B. Shareholders
C. Accountant
D. None of these
2 He prepares the initial plan of the business
A. capitalist
B. manager
C. entrepreneur
D. officer
3 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
4 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
5 The word "LIMITED" at the end of a firm's name means
A. it produces only commodity
B. has limited capital
C. cannot have more than 100 members
D. shareholders liability to pay debt of firm cannot exceed value of their investment
6 The capital laying in the deposits of commercial bank is called.
A. Domestic capital
B. Real capital
C. Foreign capital
D. Money capital
7 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
8 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
9 Intensive cultivation means.
A. Extending land for cultivation
B. Use of more input at the same land
C. More input and more land to be used`
D. More land and less labour to be used
10 It is most suitable for large scale business
A. proprietorship
B. partnership
C. corporation
D. cooperative society

Test Questions

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