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	Kinds of public expenditures are	Two Three Four Five
2	Wealth tax, income tax, property tax etc are	Direct taxes Indirect taxes Proportional taxes Progressive taxes
3	Indirect taxes become cause of	Increase in prices Decrease in prices Stability of prices Change in prices
4	The main source of the public revenue is	Fee Tax Fines Gifts and aid
5	If the income of the government is less than its expenditures, such budget is called	Surplus budget Deficit budget Balanced budget Capital budget
6	If the income and expenditures of the government are equal, such budget is called	Surplus budget Deficit budget Balanced budget Capital budget
7	If income of the government is more than its expenditures, such budget is called	Surplus budget Deficit budget Balanced budget Capital budget
8	If every person pays tax according to his capacity, it is called	Canon of certainly Canon of equality Canon of productivity Canon of convenience
9	The tax which is levied on the sale of goods is called	Income tax Property tax Gift tax Sales tax
10	At last, indirect tax is paid by	Shopkeeper Entrepreneur Customer Whole-seller
11	Surplus budget for the government is considered	Useful Harmful Useful & harmful None of three
12	Public finance and private finance are of each other	Opposite Synonymous Similar & different None of three
13	Private owners of minerals are bound to pay --------- Zakat of their production	10% 15% 20% 25%
14	Annual rate of Zakat on cash and trading goods is	2.0% 2,5% 3.0% 3.5%
15	Number of beneficiaries of Zakat is stated in the holy Quran	Five Seven Eight Nine

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