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

Members of a public limited company in Pakistan are.

Question # 2

The maximum number of parteners in a partnership is .

Question # 3

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

Question # 4

Efficiency of land can be promoted by.

Question # 5

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

Question # 6

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

Question # 7

A public limited company is run by

Question # 8

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

Question # 9

Labour intensive technique of production means.

Question # 10

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

Question # 11

Mobility of labour can be promoted by.

Question # 12

One of the following will not be capital.

Question # 13

Land is mobile factor of production.

Question # 14

One of the following is fixed capital.

Question # 15

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

Question # 16

Land means nature resources which are available.

Question # 17

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

Question # 18

How many merits of organization in text book

Question # 19

The proportion of rural population in Pakistan is:

Question # 20

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

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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 Rice mill is a :
A. Fixed capital
B. Floating capital
C. Sunk capital
D. None of the three
2 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
3 All factors of production are substitutable with each other. it is held by:
A. Wicksteed
B. Hicks
C. Pareto
4 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
5 A public limited company is run by
A. board of governors
B. board of managers
C. board of advisor's
D. board of directors
6 Limited liability is one of the advantages of
A. partnership
B. sole proprietor
C. joint stock company
D. cooperative society
7 Habib Bank limited means that.
A. Its capital is limited
B. It shareholders are limited
C. The liability of each shareholders is limited
D. Non of the three
8 Members of a public limited company are elected by.
A. Directors
B. Government
C. Financial institutions
D. Share holders
9 WAPDA is a
A. public corporation
B. public company
C. private company
D. partnership
10 It is an example of public limited company
A. WAPDA
B. President House
C. SHELL petroleum
D. none of the above

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