| 1 |
If the rate of tax increase with the increase of level of income, is called |
- A. Progressive tax
- B. Proportional tax
- C. Regressive tax
- D. Value added tax
|
| 2 |
During boom, a government prepares budget which is |
- A. Balanced
- B. Surplus
- C. Deficit
- D. Unbalanced
|
| 3 |
One of the following is not included in the branches of public finance |
- A. Public revenue
- B. Welfare of the people
- C. Public expenditure
- D. Public debt
|
| 4 |
The budget period in public finance is |
- A. six months
- B. one year
- C. two years
- D. five years
|
| 5 |
Meteorological theory of trade cycle was presented by: |
- A. Joseph Schumpeter
- B. Habson Foster
- C. Jevons
- D. Hawtray
|
| 6 |
Payment of zakat is compulsory for ----------- living in Islamic Country |
- A. Every person
- B. Every Muslim
- C. Only Poor Muslim
- D. Only Sahib-e-Nisab Muslim
|
| 7 |
"Public finance deals with governments revenue and expenditure and it studies how government maintains balance between its revenue and expenditures"<br>This definition is stead by |
- A. Dalton
- B. Armitage Smith
- C. Bastable
- D. pigou
|
| 8 |
One of the following is not included in the sources of public revenue |
- A. Tax
- B. Fee
- C. Defence
- D. Fines
|
| 9 |
The interaction of multiplier and accelerator is known as: |
- A. Innovation theory
- B. Modern theory
- C. Psychological theory
- D. Over investment theory
|
| 10 |
If income of the government is more than its expenditures, such budget is called |
- A. Surplus budget
- B. Deficit budget
- C. Balanced budget
- D. Capital budget
|
