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10th Chapter

ICS Part 1 Economics Chapter 10 MCQs Test

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

First Year Economics Chapter 10 Online MCQ Test for 1st Year Economics Chapter 10 (Organization)

Sr. # Questions Answers Choice
1 It is most suitable for large scale business
  • A. proprietorship
  • B. partnership
  • C. corporation
  • D. cooperative society
2 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
3 A public limited company is run by
  • A. board of governors
  • B. board of managers
  • C. board of advisor's
  • D. board of directors
4 One of the following will not be capital.
  • A. Mchinery
  • B. Means of communication
  • C. Water falls
  • D. Means of transportation
5 Rice mill is a :
  • A. Fixed capital
  • B. Floating capital
  • C. Sunk capital
  • D. None of the three
6 One of the following is gift of a nature .
  • A. Land
  • B. Labour
  • C. Capital
  • D. Organization
7 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
8 The maximum number of parteners in a partnership is .
  • A. 20
  • B. 30
  • C. 15
  • D. 18
9 WAPDA is a
  • A. public corporation
  • B. public company
  • C. private company
  • D. partnership
10 Factors of production are recently termed as.
  • A. Output
  • B. Outly
  • C. Input
  • D. None of them

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