Question # 1

It is most suitable for large scale business

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proprietorship

partnership

corporation

cooperative society

WAPDA is a

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public corporation

public company

private company

partnership

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

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Vertical mobilty

Occupational mobility

Horizontal mobility

Social mobility

It is an example of public limited company

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WAPDA

President House

SHELL petroleum

none of the above

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

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Vertical mobility

Horizontal mobility

Geographical mobility

None of the three

Members of business partnership in Pakistan are:

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2 to 20

5 to 20

2 to 25

2 to 3

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

Land is mobile factor of production.

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Not mobile

Mobile by the transfer ownership

Geographically mobile

Mobile vertically

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

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Circulating capital

Fixed capital

Money capital

Real capital

Limited liability is one of the advantages of

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partnership

sole proprietor

joint stock company

cooperative society

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 is gift of a nature .

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Land

Labour

Capital

Organization

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Economics Ics Part 1 English Medium Chapter 10 Online Test MCQs With Answers

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