Question # 1

If every person pays tax according to his capacity, it is called

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Canon of certainly

Canon of equality

Canon of productivity

Canon of convenience

The main source of the public revenue is

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Fee

Tax

Fines

Gifts and aid

The percentage part of the agricultural produce is payable as Zakat which is irrigated by artificial sources

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5%

10%

15%

20%

On which amount Zakat is payable

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Twenty thousand rupees

On the amount equal to the value of 7.5 tola gold or 52.5 tola silver

On fifty thousand rupees

On one lac rupees

Surplus budget for the government is considered

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Useful

Harmful

Useful & harmful

None of three

The interaction of multiplier and accelerator is known as:

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Innovation theory

Modern theory

Psychological theory

Over investment theory

The percentage part of the agricultural produce is payable as Zakat which is irrigated by natural water

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5%

10%

15%

20%

If the income and expenditures of the government are equal, such budget is called

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Surplus budget

Deficit budget

Balanced budget

Capital budget

Income and employment are at peak level during:

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Recovery

Boom

Depression

Recession

In which phase of Frade cycle level of employment and income becomes very low.

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Depression

Recovery

Recession

Boom

"The study of nature and principles of government expenditures and revenue is called public finance"
This definition is stated by

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Bastable

Armitage Smith

Ricardo

Robbins

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

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canon of convenience

canon of Equality

canon of Economy

canon of simplicity

Monetary theory of trade cycle was given by:

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Joseph Schumpeter

Habson Foster

Jevons

Hawtray

One of the following is not included in the sources of public revenue

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Tax

Fee

Defence

Fines

Branches of public finance are

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Two

Three

Four

Five

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

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