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 Debenture holders recive.
  • A. Interest
  • B. Wages
  • C. Dividend
  • D. Profit
2 The supply price of land is considered to be zero because .`
  • A. Its supply is limited
  • B. Its supply is infinity
  • C. In aggregate sense its cost of production s zero
  • D. Its demand is limited
3 All factors of production are substitutable with each other. it is held by:
  • A. Wicksteed
  • B. Hicks
  • C. Pareto
4 Efficiency of land can be promoted by.
  • A. Means of communication
  • B. Fertility of land
  • C. Climate condition
  • D. Quality of other factors
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 How many types of organization
  • A. 5
  • B. 6
  • C. 7
  • D. 8
7 It is most suitable for large scale business
  • A. proprietorship
  • B. partnership
  • C. corporation
  • D. cooperative society
8 Land means nature resources which are available.
  • A. On the soil
  • B. Above the soil
  • C. Below the soil
  • D. All the above
9 How many various form of partnership
  • A. 3
  • B. 4
  • C. 5
  • D. 6
10 Production of wealth takes place by:
  • A. A combination of output
  • B. A combination of input
  • C. Labour only
  • D. Capital only

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