11th class Principles of Economics chapter 13 online mcq test with answers for I.Com part 1 Principles of Economics chapter 13(Public Finance and Zakat)

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

Sr. #	Questions	Answers Choice
1	Phases of trade cycle are:	Three Four Five Six
2	During boom, a government prepares budget which is	Balanced Surplus Deficit Unbalanced
3	During depression, a government prepares budget which is	Balanced Surplus Deficit Unbalanced
4	If income of government is less than its expenditures, then it is a	Surplus budget Deficit budget Development budget Balanced budget
5	If income of government is more than its expenditures, then it is a	Surplus budget Deficit budget Development budget Balanced budget
6	The revenue collection of government and spending policy is called	Monetary policy Fiscal policy commercial policy Labour policy
7	The budget period in public finance is	six months one year two years five years
8	The rate of usher on product of canal land is	5% 10% 20% 2.5%
9	If everybody pays tax according to his financial position, it is said	canon of convenience canon of Equality canon of Economy canon of simplicity
10	Zakat means	Growth Purification Tax Both 1st and 2nd
11	The percentage part of the mineral production is payable as Zakat on private owners of minerals	5% 10% 15% 20%
12	The percentage part of the agricultural produce is payable as Zakat which is irrigated by artificial sources	5% 10% 15% 20%
13	The percentage part of the agricultural produce is payable as Zakat which is irrigated by natural water	5% 10% 15% 20%
14	The tax whose burden can be shifted to the customers, is called	Proportional tax Progressive tax Direct tax Indirect tax
15	Because of indirect taxes, prices	Decrease Remain constant Increase Do not change

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