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This online test contains MCQs about following topics:
. Definition and meaning of public finance . Canons of taxation . Sources of public revenue . Heads of public expenditure . Kinds of taxes . Zakat and usher . Important opints of definition of zakat
ICOM Part 1 Economics Ch 13 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 13 "Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test"
Try The MCQ's Test For Chapter 13 "Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test
00:00
Question # 1
One of the following is not included in the public expenditures
Question # 2
Adam Smith presented the basic canons of taxation
Question # 3
In private finance the individuals estimate their income and expenditures
Question # 4
A good thing in public finance
Question # 5
If a person does not pay the amount of the tax from his own pocked on whom it is levied rather shifts its barden on some other person, then it is called
Question # 6
If the income of the government is less than its expenditures, such budget is called
Question # 7
In which year international monetary fund was established:
Question # 8
The percentage part of the agricultural produce is payable as Zakat which is irrigated by natural water
Question # 9
"Public finance is that branch of economics which studies the revenue and expenditures of governments institutions, their inter-relationship and financial administration"
"Public finance is that branch of economics which studies the revenue and expenditures of governments institutions, their inter-relationship and financial administration"
This definition is stated by
Question # 10
To the name of which economist, canons of taxation are attributed
Question # 11
On which amount Zakat is payable
Question # 12
If income of the government is more than its expenditures, such budget is called
Question # 13
The tax which is levied on the sale of goods is called
Question # 14
Private individuals are not allowed to fullfil their needs
Question # 15
In which phase of Frade cycle level of employment and income becomes very low.
11th Principle of Economics Chapter 13 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 13 Public Finance and Zakat Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 13 "Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test" MCQ`s Test
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M Minahil Asif 03 - Jun - 2024 01 Min 45 Sec 14/15 -
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ICom Part 1 Principles of Economics ( English Medium) Chapter 13 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The budget period in public finance is |
A. six months
B. one year
C. two years
D. five years
|
| 2 | If a person does not pay the amount of the tax from his own pocked on whom it is levied rather shifts its barden on some other person, then it is called |
A. Direct tax
B. Indirect tax
C. Proportional tax
D. Progressive tax
|
| 3 | Modern theory trade cycle was presented by: |
A. Hawtrey
B. Habson Foster
C. Jevons
D. J.R Hicks
|
| 4 | The revenue collection of government and spending policy is called |
A. Monetary policy
B. Fiscal policy
C. commercial policy
D. Labour policy
|
| 5 | The main source of the public revenue is |
A. Fee
B. Tax
C. Fines
D. Gifts and aid
|
| 6 | The expected rate of profit from a business is known as: |
A. Multiplier
B. Accelerator
C. Marginal efficiency of capital
D. Both a and b
|
| 7 | The average duration of trade cycle is: |
A. Five years
B. Fifty years
C. Twenty years
D. Ten years
|
| 8 | The tax which is levied on the sale of goods is called |
A. Income tax
B. Property tax
C. Gift tax
D. Sales tax
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| 9 | The ratio of change in investment to change in income is known as: |
A. Multiplier
B. Accelerator
C. MEC
D. Both a and b
|
| 10 | If income of government is less than its expenditures, then it is a |
A. Surplus budget
B. Deficit budget
C. Development budget
D. Balanced budget
|
Test Questions