Question # 1

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

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Wicksteed

Hicks

Pareto

One of the following will not be capital.

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Mchinery

Means of communication

Water falls

Means of transportation

Rice mill is a :

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Fixed capital

Floating capital

Sunk capital

None of the three

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

The maximum number of parteners in a partnership is .

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20

30

15

18

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

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it produces only commodity

has limited capital

cannot have more than 100 members

shareholders liability to pay debt of firm cannot exceed value of their investment

Members of a public limited company are elected by.

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Directors

Government

Financial institutions

Share holders

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

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

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Domestic capital

Real capital

Foreign capital

Money capital

Limited liability is one of the advantages of

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partnership

sole proprietor

joint stock company

cooperative society

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 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

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

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Two

Three

Four

Five

Production of wealth takes place by:

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A combination of output

A combination of input

Labour only

Capital only

How many types of organization

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5

6

7

8

One of the following is gift of a nature .

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Land

Labour

Capital

Organization

To promote capital investment in a country, what is essentially required is.

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Basic infrastructure

Bank credit

Law and ordered

Stock broker

It is an example of public limited company

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WAPDA

President House

SHELL petroleum

none of the above

Production of wealth means:

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Driving a taxi

Teaching a daughter

A doctor serving his wife

All the three

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

Land is mobile factor of production.

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Not mobile

Mobile by the transfer ownership

Geographically mobile

Mobile vertically

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