Question # 1

Public finance and private finance are of each other

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Opposite

Synonymous

Similar & different

None of three

Private individuals can get loan from

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Their relatives, friends and domestic financial institutions

Foreign financial agencies

Foreign government

International financial institutions

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 interaction of multiplier and accelerator is known as:

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Innovation theory

Modern theory

Psychological theory

Over investment theory

Which one of the following public expenditures is related to transport

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Police

Defence

Railway

Public education

If the rate of tax does not change with decrease or increase in the level of income, is called

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Proportional tax

Progressive tax

Regressive tax

value added tax

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

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Multiplier

Accelerator

MEC

Both a and b

The average duration of trade cycle is:

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Five years

Fifty years

Twenty years

Ten years

Number of beneficiaries of Zakat is stated in the holy Quran

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Five

Seven

Eight

Nine

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

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Surplus budget

Deficit budget

Balanced budget

Capital budget

The revenue collection of government and spending policy is called

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Monetary policy

Fiscal policy

commercial policy

Labour policy

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%

Monetary theory of trade cycle was given by:

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Joseph Schumpeter

Habson Foster

Jevons

Hawtray

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

If the person has to pay the tax on whom it is levied, then it is called

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Direct tax

Indirect tax

Proportional tax

Progressive tax

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

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

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