Question # 1

Factors of production are recently termed as.

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Output

Outly

Input

None of them

How many types of organization

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5

6

7

8

Labour intensive technique of production means.

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More labour and less capital

Less labour and more capital

More labour and no land

More land and no labour

A public limited company is run by

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board of governors

board of managers

board of advisor's

board of directors

Habib Bank limited means that.

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Its capital is limited

It shareholders are limited

The liability of each shareholders is limited

Non of the three

The maximum number of parteners in a partnership is .

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20

30

15

18

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

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Wicksteed

Hicks

Pareto

Members of a public limited company are elected by.

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Directors

Government

Financial institutions

Share holders

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

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Its supply is limited

Its supply is infinity

In aggregate sense its cost of production s zero

Its demand is limited

A joint stock company has

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limited liability

unlimited liability

limited capital

unlimited capital

Land is mobile factor of production.

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Not mobile

Mobile by the transfer ownership

Geographically mobile

Mobile vertically

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

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proprietor of a business

partners of the business

joint stock company

industrial cooperative societies

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

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Prof. Knight

Prof. Marshall

Prof. Robbins

Prof. Knees

One of the following will not be capital.

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Mchinery

Means of communication

Water falls

Means of transportation

Production of wealth takes place by:

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A combination of output

A combination of input

Labour only

Capital only

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

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sleeping partner

helping partner

temporary partner

inactive partner

Debenture holders recive.

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Interest

Wages

Dividend

Profit

Pakistan population is growing a rate of .

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2 % per annum

1. 8 % per annum

2.9 % per annum

2.2 % per annum

It is an example of public limited company

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WAPDA

President House

SHELL petroleum

none of the above

Members of a public limited company in Pakistan are.

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5 to 50

10 to 100

7 to any number

only 5

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