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

Rice mill is a :

Question # 2

One of the following can be registered in a stock exchange.

Question # 3

Those who invest in joint stock companies are called

Question # 4

Intensive cultivation means.

Question # 5

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

Question # 6

Members of a public limited company are elected by.

Question # 7

One of the following is gift of a nature .

Question # 8

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

Question # 9

One of the following is not land.

Question # 10

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

Question # 11

The proportion of rural population in Pakistan is:

Question # 12

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

Question # 13

A public limited company is run by

Question # 14

He prepares the initial plan of the business

Question # 15

The submit the plan to the Registrar of Joint Stock Companies along with ______ documents

Question # 16

Production of wealth takes place by:

Question # 17

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

Question # 18

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

Question # 19

Joint stock company is manged and run by a

Question # 20

A joint stock company has

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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 The capital laying in the deposits of commercial bank is called.
A. Domestic capital
B. Real capital
C. Foreign capital
D. Money capital
2 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
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 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3
5 It is most suitable for large scale business
A. proprietorship
B. partnership
C. corporation
D. cooperative society
6 One of the following will not be capital.
A. Mchinery
B. Means of communication
C. Water falls
D. Means of transportation
7 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
8 Those who invest in joint stock companies are called
A. partners
B. shareholders
C. members
D. associates
9 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
10 To promote capital investment in a country, what is essentially required is.
A. Basic infrastructure
B. Bank credit
C. Law and ordered
D. Stock broker

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