First Year Principles of Economics Chapter 13 Online MCQ Test for 1st Year Principles of Economics Chapter 13 (Public Finance and Zakat)

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11th Principle of Economics Chapter 13 Test

This online test contains MCQs about following topics:

Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test

Try the Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test.

  • Total Questions15

  • Time Allowed20

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Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test

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Question # 1

Government needs public finance

Question # 2

Total number of canons of taxation stated by different economists is

Question # 3

If the rate of tax increase with the increase of level of income, is called

Question # 4

In which year international monetary fund was established:

Question # 5

Modern theory trade cycle was presented by:

Question # 6

If everybody pays tax according to his financial position, it is said

Question # 7

The budget period in public finance is

Question # 8

One of the following is not included in the branches of public finance

Question # 9

Private owners of minerals are bound to pay --------- Zakat of their production

Question # 10

If the income of the government is less than its expenditures, such budget is called

Question # 11

Private individuals can get loan from

Question # 12

If income of government is more than its expenditures, then it is a

Question # 13

Zakat is part of the present income

Question # 14

Wealth tax, income tax, property tax etc are

Question # 15

Trade cycles can be controlled by:

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Prepare All Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test MCQs With Answers


. 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

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