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

ICS Part 1 Economics Chapter 10 Test

Start Chapter 10 Test

First Year Economics Chapter 10 Online MCQ Test for 1st Year Economics Chapter 10 (Organization)

Sr. # Questions Answers Choice
1 One of the following is not land.
  • A. Sui gas
  • B. Electric power
  • C. Atlantic Ocean`
  • D. A river
2 A public corporation comes into existence by means
  • A. registration under the Companies Act
  • B. Act of parliament
  • C. decision by the shareholders
  • D. registration with the Stock Exchange
3 Members of a public limited company are elected by.
  • A. Directors
  • B. Government
  • C. Financial institutions
  • D. Share holders
4 How many merits of organization in text book
  • A. 7
  • B. 8
  • C. 9
  • D. 10
5 Limited liability is one of the advantages of
  • A. partnership
  • B. sole proprietor
  • C. joint stock company
  • D. cooperative society
6 The maximum number of parteners in a partnership is .
  • A. 20
  • B. 30
  • C. 15
  • D. 18
7 A professor is promoted to be a principle . What type of mobility will it be.
  • A. Vertical mobility
  • B. Horizontal mobility
  • C. Geographical mobility
  • D. None of the three
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 The proportion of rural population in Pakistan is:
  • A. 68%
  • B. 70%
  • C. 72%
  • D. 74%
10 If a public limited company issues bonds to increase resources, then it pays
  • A. fixed premium to bond holders
  • B. fixed interest to bond holders
  • C. fixed tax to bond holders
  • D. fixed profit to bond holders

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