Economics MCQS with Answers 1st Year
Limited liability is one of the advantages of
partnership
cooperative society
sole proprietor
joint stock company
Production of wealth means:
Teaching a daughter
All the three
Driving a taxi
A doctor serving his wife
The supply price of land is considered to be zero because .`
Its demand is limited
In aggregate sense its cost of production s zero
Its supply is limited
Its supply is infinity
A public limited company is run by
board of managers
board of advisor’s
board of directors
board of governors
Joint stock company is manged and run by a
Accountant
Board of Directors
None of these
Shareholders
Pakistan population is growing a rate of .
2.2 % per annum
1. 8 % per annum
2 % per annum
2.9 % per annum
He prepares the initial plan of the business
entrepreneur
officer
manager
capitalist
A labourer resigns from service to start his own business. what type of mobility will it be.
Social mobility
Vertical mobilty
Occupational mobility
Horizontal mobility
Reward of which factor of production is not pre-determined?
organisation
land
labour
capital
Debenture holders recive.
Dividend
Profit
Wages
Interest
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