Question # 1

Usher is levied on

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Cash amount

Goats and sheep

Trading goods

Agricultural production

Private individuals are not allowed to fullfil their needs

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To get loans from the friends

To get financial help from the relatives

To get loans from the domestic financial institutions

To print notes

Public finance and private finance are of each other

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Opposite

Synonymous

Similar & different

None of three

At last, indirect tax is paid by

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Shopkeeper

Entrepreneur

Customer

Whole-seller

To the name of which economist, canons of taxation are attributed

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Adam smith

Robbins

Pigou

Keynes

Kinds of public expenditures are

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Two

Three

Four

Five

The average duration of trade cycle is:

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Five years

Fifty years

Twenty years

Ten years

Adam Smith presented the basic canons of taxation

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Two

Three

Four

Five

Theory of innovations was presented by:

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Joseph Schumpeter

Habson Foster

Jevons

J.R Hicks

The ratio of change in investment to change in income is known as:

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Multiplier

Accelerator

MEC

Both a and b

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

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Depression

Recovery

Recession

Boom

Zakat means

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Growth

Purification

Tax

Both 1st and 2nd

If a person does not pay the amount of the tax from his own pocked on whom it is levied rather shifts its barden on some other person, then it is called

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Direct tax

Indirect tax

Proportional tax

Progressive tax

Which one of the following is indirect tax

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Income tax

Property tax

Wealth tax

Sales tax

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%

If the income of the government is less than its expenditures, such budget is called

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Surplus budget

Deficit budget

Balanced budget

Capital budget

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

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