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

How many merits of organization in text book

Question # 2

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

Question # 3

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

Question # 4

The proportion of rural population in Pakistan is:

Question # 5

He prepares the initial plan of the business

Question # 6

One of the following is fixed capital.

Question # 7

Land is mobile factor of production.

Question # 8

It is an example of public limited company

Question # 9

It is most suitable for large scale business

Question # 10

Labour intensive technique of production means.

Question # 11

Social stagnation is a big obstacle to.

Question # 12

Debenture holders recive.

Question # 13

Members of a public limited company are elected by.

Question # 14

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

Question # 15

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

Question # 16

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

Question # 17

Limited liability is one of the advantages of

Question # 18

Reward of which factor of production is not pre-determined?

Question # 19

Land means nature resources which are available.

Question # 20

A joint stock company has

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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 It is an example of public limited company
A. WAPDA
B. President House
C. SHELL petroleum
D. none of the above
2 One of the following will not be capital.
A. Mchinery
B. Means of communication
C. Water falls
D. Means of transportation
3 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
4 Production of wealth takes place by:
A. A combination of output
B. A combination of input
C. Labour only
D. Capital only
5 An entrepreneur is a person who performs the dual function of risk-taking and control. This is the definition of
A. Prof. Knight
B. Prof. Marshall
C. Prof. Robbins
D. Prof. Knees
6 Those who invest in joint stock companies are called
A. partners
B. shareholders
C. members
D. associates
7 Joint stock company is manged and run by a
A. Board of Directors
B. Shareholders
C. Accountant
D. None of these
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 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
10 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

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