Economics MCQS with Answers 1st Year
The word “LIMITED” at the end of a firm’s name means
shareholders liability to pay debt of firm cannot exceed value of their investment
has limited capital
it produces only commodity
cannot have more than 100 members
WAPDA is a
private company
public corporation
partnership
public company
Social stagnation is a big obstacle to.
Division OF labour
Efficiency o labour
All the above
Mobility of labour
If a public limited company issues bonds to increase resources, then it pays
fixed profit to bond holders
fixed premium to bond holders
fixed interest to bond holders
fixed tax to bond holders
The maximum number of parteners in a partnership is .
15
30
20
18
Labour intensive technique of production means.
More land and no labour
More labour and less capital
More labour and no land
Less labour and more capital
It is most suitable for large scale business
proprietorship
cooperative society
corporation
partnership
All factors of production are substitutable with each other. it is held by:
Hicks
Wicksteed
Pareto
A public corporation comes into existence by means
decision by the shareholders
registration with the Stock Exchange
registration under the Companies Act
Act of parliament
One of the following is gift of a nature .
Capital
Land
Labour
Organization
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