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.

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

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

Sr. # Questions Answers Choice
1 If every person pays tax according to his capacity, it is called
  • A. Canon of certainly
  • B. Canon of equality
  • C. Canon of productivity
  • D. Canon of convenience
2 Public finance and private finance are of each other
  • A. Opposite
  • B. Synonymous
  • C. Similar & different
  • D. None of three
3 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
4 The percentage part of the agricultural produce is payable as Zakat which is irrigated by natural water
  • A. 5%
  • B. 10%
  • C. 15%
  • D. 20%
5 Meteorological theory of trade cycle was presented by:
  • A. Joseph Schumpeter
  • B. Habson Foster
  • C. Jevons
  • D. Hawtray
6 Zakat means
  • A. Growth
  • B. Purification
  • C. Tax
  • D. Both 1st and 2nd
7 Monetary theory of trade cycle was given by:
  • A. Joseph Schumpeter
  • B. Habson Foster
  • C. Jevons
  • D. Hawtray
8 The salient features of trade cycle are:
  • A. National in nature
  • B. International in nature
  • C. Domestic in nature
  • D. All of these
9 The revenue collection of government and spending policy is called
  • A. Monetary policy
  • B. Fiscal policy
  • C. commercial policy
  • D. Labour policy
10 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

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