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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ICS Part 1 Economics Chapter Wise Test

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

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

Question # 2

Land is mobile factor of production.

Question # 3

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

Question # 4

The maximum number of parteners in a partnership is .

Question # 5

Those who invest in joint stock companies are called

Question # 6

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

Question # 7

They can expand their business by selling shares in the stock market

Question # 8

One of the following is fixed capital.

Question # 9

Production of wealth takes place by:

Question # 10

Habib Bank limited means that.

Question # 11

Members of a public limited company in Pakistan are.

Question # 12

A public limited company is run by

Question # 13

Pakistan population is growing a rate of .

Question # 14

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

Question # 15

The proportion of rural population in Pakistan is:

Question # 16

Members of a public limited company are elected by.

Question # 17

Debenture holders recive.

Question # 18

Mobility of labour can be promoted by.

Question # 19

Efficiency of land can be promoted by.

Question # 20

How many various form of partnership

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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 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
2 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
3 One of the following can be registered in a stock exchange.
A. Business under partnership
B. Cooperative society
C. Join stock company
D. Sole proprietorship
4 One of the following will not be capital.
A. Mchinery
B. Means of communication
C. Water falls
D. Means of transportation
5 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
6 Production of wealth means:
A. Driving a taxi
B. Teaching a daughter
C. A doctor serving his wife
D. All the three
7 It is an example of public limited company
A. WAPDA
B. President House
C. SHELL petroleum
D. none of the above
8 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders
9 Pakistan population is growing a rate of .
A. 2 % per annum
B. 1. 8 % per annum
C. 2.9 % per annum
D. 2.2 % per annum
10 A joint stock company has
A. limited liability
B. unlimited liability
C. limited capital
D. unlimited capital

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