PMS Commerce MCQs

PPSC FPSC KPPSC BPSC SPSC Commerce Online Test No. 69

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Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
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Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 69
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 69

1 / 25

The following is NOT a factor of production:

Labour

Land

Entrepreneurship

Money

2 / 25

For production of goods we need factors.

Few

Unlimited

3 / 25

Land, labour and capital are needed to produce goods. They are collectively called:

Elements of production.

Factors of production

Tools of production

Cost of production

4 / 25

Unemployment due to mechanization of agriculture is.

Seasonal

Industrial

Structural

Personal

5 / 25

Natural environment that supports production of goods and services is included in.

Labour

Capital

Money

Land

6 / 25

Labour input includes:

Inventor

Innovator

Unskilled work

All of the above

7 / 25

Standard of living of a country can be raised if it increases.

Labour force

Production

Money supply

Exports

8 / 25

According to Mathus, population increases by progression of kind.

Systematic

Arithmetic

Geometric

Automatic

9 / 25

Productivity of labour can be increased by.

Raising minimum wages

Raising average wages

Increasing skills of workers

Punishing absentee workers

10 / 25

If a firm increases the ratio of capital to labour, it becomes ore.

Labour intensive

Capital intensive

Output intensive

Input intensive

11 / 25

The transformation of resources into economic goods and services is.

Input

Production

Increasing returns

Output

12 / 25

All labour is:

Homogeneous

Heterogeneous

Lazy

Intelligent

13 / 25

Which of the following factors takes risk, innovates and coordinates.

Capital

Bank

Labour

Entrepreneur

14 / 25

Geographical mobility is not possible for.

Land

Wealth

Capital

Labour

15 / 25

Economic goods produced by firms are called.

Productivity

Innovation

Technological progress

Out put

16 / 25

Land is:

Hirable

Not hirable

Homogeneous

A for of capital

17 / 25

Which of the following input factor takes risk, innovates and coordinates.

Capital

Labour

Productivity

Entrepreneur

18 / 25

Production in economics means.

Factors of production

Doing some job

Output of goods

Profit

19 / 25

Which of the following is correct with respect to resources.

Money is a capital good.

Human skills are a labour input

Entrepreneur is part of the labour input

Natural resources include human input

20 / 25

Which of the following is NOT and input.

Labour

Entrepreneurship

Natural resources

Production

21 / 25

Mobility of labour:

Increases efficiency of labour

Spoils labour

Increases division of labour

A & C of above

22 / 25

The transformation of resources into economic goods and services is called.

Technical efficiency

Input

Production

Increasing returns

23 / 25

Which is true.

Labour produces land

Land produces labour

Labour produces capital

Capital produces labour.

24 / 25

An example of natural resource is.

Factory

Skilled doctor

Oil reserves in the ground

Oil reserves in storage tank.

25 / 25

Productivity of land can be raised by.

Extensive cultivation

Intensive cultivation

Better marketing

Increasing money supply

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