| 1 |
If income of government is more than its expenditures, then it is a |
- A. Surplus budget
- B. Deficit budget
- C. Development budget
- D. Balanced budget
|
| 2 |
Surplus budget for the government is considered |
- A. Useful
- B. Harmful
- C. Useful & harmful
- D. None of three
|
| 3 |
Modern theory trade cycle was presented by: |
- A. Hawtrey
- B. Habson Foster
- C. Jevons
- D. J.R Hicks
|
| 4 |
The tax whose burden can be shifted to the customers, is called |
- A. Proportional tax
- B. Progressive tax
- C. Direct tax
- D. Indirect tax
|
| 5 |
Annual rate of Zakat on cash and trading goods is |
- A. 2.0%
- B. 2,5%
- C. 3.0%
- D. 3.5%
|
| 6 |
What type of nature of Zakat is |
- A. Fixed
- B. Non fixed
- C. Elastic
- D. Changes along with the change in income
|
| 7 |
On which amount Zakat is payable |
- A. Twenty thousand rupees
- B. On the amount equal to the value of 7.5 tola gold or 52.5 tola silver
- C. On fifty thousand rupees
- D. On one lac rupees
|
| 8 |
The average duration of trade cycle is: |
- A. Five years
- B. Fifty years
- C. Twenty years
- D. Ten years
|
| 9 |
During depression, a government prepares budget which is |
- A. Balanced
- B. Surplus
- C. Deficit
- D. Unbalanced
|
| 10 |
A good thing in public finance |
- A. Expenditures are more than income
- B. Income is more than expenditure
- C. Income is equal to expenditure
- D. b and c both
|
