Question # 1

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

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Multiplier

Accelrator

MEC

Both a and b

"Public finance deals with governments revenue and expenditure and it studies how government maintains balance between its revenue and expenditures"
This definition is stead by

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Dalton

Armitage Smith

Bastable

pigou

A good thing in private finance

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Expenditures are equal to income

Expenditure are more than income

Income is more than expenditures

a and b both

The rate of usher on product of canal land is

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5%

10%

20%

2.5%

Annual rate of Zakat on cash and trading goods is

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2.0%

2,5%

3.0%

3.5%

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

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

Over investment and over saving theory was given by:

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Joseph Schumpeter

Habson Foster

Jevons

Hawtray

Theory of innovations was presented by:

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Joseph Schumpeter

Habson Foster

Jevons

J.R Hicks

What type of nature of Zakat is

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Fixed

Non fixed

Elastic

Changes along with the change in income

Zakat can not be given

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to get slaves free

To the collection of zakat

For the construction of Mosque

The converts

One of the following is not included in the branches of public finance

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Public revenue

Welfare of the people

Public expenditure

Public debt

The salient features of trade cycle are:

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National in nature

International in nature

Domestic in nature

All of these

One of the following is not included in the public expenditures

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Courts

Fee

Public administration

Defence

If income of government is less than its expenditures, then it is a

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Surplus budget

Deficit budget

Development budget

Balanced budget

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

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

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