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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Economics Ics Part 1 English Medium Chapter 10 Online Test

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Question # 1

WAPDA is a

Question # 2

A professor is promoted to be a principle . What type of mobility will it be.

Question # 3

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

Question # 4

Limited liability is one of the advantages of

Question # 5

Labour intensive technique of production means.

Question # 6

Social stagnation is a big obstacle to.

Question # 7

Land means nature resources which are available.

Question # 8

A public corporation comes into existence by means

Question # 9

Mobility of labour can be promoted by.

Question # 10

How many various form of partnership

Question # 11

It is an example of public limited company

Question # 12

It is most suitable for large scale business

Question # 13

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

Question # 14

Members of a public limited company are elected by.

Question # 15

Habib Bank limited means that.

Question # 16

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

Question # 17

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

Question # 18

The proportion of rural population in Pakistan is:

Question # 19

How many merits of organization in text book

Question # 20

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

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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 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
2 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
3 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
4 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders
5 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
6 Efficiency of land can be promoted by.
A. Means of communication
B. Fertility of land
C. Climate condition
D. Quality of other factors
7 He prepares the initial plan of the business
A. capitalist
B. manager
C. entrepreneur
D. officer
8 The submit the plan to the Registrar of Joint Stock Companies along with ______ documents
A. Two
B. Three
C. Four
D. Five
9 Production of wealth takes place by:
A. A combination of output
B. A combination of input
C. Labour only
D. Capital only
10 A public limited company is run by
A. board of governors
B. board of managers
C. board of advisor's
D. board of directors

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