| 1 |
Public finance and private finance are of each other |
- A. Opposite
- B. Synonymous
- C. Similar & different
- D. None of three
|
| 2 |
During depression, a government prepares budget which is |
- A. Balanced
- B. Surplus
- C. Deficit
- D. Unbalanced
|
| 3 |
Total number of canons of taxation stated by different economists is |
- A. Seven
- B. Nine
- C. Eleven
- D. Twelve
|
| 4 |
If everybody pays tax according to his financial position, it is said |
- A. canon of convenience
- B. canon of Equality
- C. canon of Economy
- D. canon of simplicity
|
| 5 |
Government estimates its income and expenditures |
- A. Monthly
- B. Three monthly
- C. Six monthly
- D. Annual
|
| 6 |
Private individuals are not allowed to fullfil their needs |
- A. To get loans from the friends
- B. To get financial help from the relatives
- C. To get loans from the domestic financial institutions
- D. To print notes
|
| 7 |
The main source of the public revenue is |
- A. Fee
- B. Tax
- C. Fines
- D. Gifts and aid
|
| 8 |
Which one of the following public expenditures is related to transport |
- A. Police
- B. Defence
- C. Railway
- D. Public education
|
| 9 |
Modern theory trade cycle was presented by: |
- A. Hawtrey
- B. Habson Foster
- C. Jevons
- D. J.R Hicks
|
| 10 |
Meteorological theory of trade cycle was presented by: |
- A. Joseph Schumpeter
- B. Habson Foster
- C. Jevons
- D. Hawtray
|
