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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  • Total Questions20

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Economics Ics Part 1 English Medium Chapter 10 Online Test

00:00
Question # 1

One of the following is fixed capital.

Question # 2

The supply price of land is considered to be zero because .`

Question # 3

The word "LIMITED" at the end of a firm's name means

Question # 4

Land is mobile factor of production.

Question # 5

Limited liability is one of the advantages of

Question # 6

How many types of organization

Question # 7

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

Question # 8

Intensive cultivation means.

Question # 9

Members of business partnership in Pakistan are:

Question # 10

WAPDA is a

Question # 11

How many merits of organization in text book

Question # 12

The proportion of rural population in Pakistan is:

Question # 13

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

Question # 14

It is an example of public limited company

Question # 15

Production of wealth means:

Question # 16

Pakistan population is growing a rate of .

Question # 17

Factors of production are recently termed as.

Question # 18

He prepares the initial plan of the business

Question # 19

Land means nature resources which are available.

Question # 20

Production of wealth takes place by:

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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 WAPDA is a
A. public corporation
B. public company
C. private company
D. partnership
2 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
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 He prepares the initial plan of the business
A. capitalist
B. manager
C. entrepreneur
D. officer
5 Those who invest in joint stock companies are called
A. partners
B. shareholders
C. members
D. associates
6 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
7 A public limited company is run by
A. board of governors
B. board of managers
C. board of advisor's
D. board of directors
8 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
9 The maximum number of parteners in a partnership is .
A. 20
B. 30
C. 15
D. 18
10 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

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