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

Production of wealth means:

Question # 2

One of the following is fixed capital.

Question # 3

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

Question # 4

Members of a public limited company in Pakistan are.

Question # 5

A joint stock company has

Question # 6

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

Question # 7

If a public limited company issues bonds to increase resources, then it pays

Question # 8

Pakistan population is growing a rate of .

Question # 9

A public corporation comes into existence by means

Question # 10

Those who invest in joint stock companies are called

Question # 11

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

Question # 12

One of the following is not land.

Question # 13

One of the following can be registered in a stock exchange.

Question # 14

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

Question # 15

Limited liability is one of the advantages of

Question # 16

Land is mobile factor of production.

Question # 17

Joint stock company is manged and run by a

Question # 18

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

Question # 19

It is an example of public limited company

Question # 20

How many merits of organization in text book

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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 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
2 WAPDA is a
A. public corporation
B. public company
C. private company
D. partnership
3 It is most suitable for large scale business
A. proprietorship
B. partnership
C. corporation
D. cooperative society
4 Reward of which factor of production is not pre-determined?
A. labour
B. land
C. capital
D. organisation
5 One of the following is fixed capital.
A. Raw material
B. Defence saving certificate
C. Machinery
D. None f the three
6 One of the following is not land.
A. Sui gas
B. Electric power
C. Atlantic Ocean`
D. A river
7 He prepares the initial plan of the business
A. capitalist
B. manager
C. entrepreneur
D. officer
8 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
9 Those who invest in joint stock companies are called
A. partners
B. shareholders
C. members
D. associates
10 Members of business partnership in Pakistan are:
A. 2 to 20
B. 5 to 20
C. 2 to 25
D. 2 to 3

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