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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test MCQs With Answers
Question # 1
Public finance and private finance are of each other
Choose an answer
Opposite
Synonymous
Similar & different
None of three
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Question # 2
Private individuals can get loan from
Choose an answer
Their relatives, friends and domestic financial institutions
Foreign financial agencies
Foreign government
International financial institutions
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Question # 3
If every person pays tax according to his capacity, it is called
Choose an answer
Canon of certainly
Canon of equality
Canon of productivity
Canon of convenience
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Question # 4
The interaction of multiplier and accelerator is known as:
Choose an answer
Innovation theory
Modern theory
Psychological theory
Over investment theory
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Question # 5
Which one of the following public expenditures is related to transport
Choose an answer
Police
Defence
Railway
Public education
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Question # 6
If the rate of tax does not change with decrease or increase in the level of income, is called
Choose an answer
Proportional tax
Progressive tax
Regressive tax
value added tax
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Question # 7
The ratio of change in investment to change in income is known as:
Choose an answer
Multiplier
Accelerator
MEC
Both a and b
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Question # 8
The average duration of trade cycle is:
Choose an answer
Five years
Fifty years
Twenty years
Ten years
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Question # 9
Number of beneficiaries of Zakat is stated in the holy Quran
Choose an answer
Five
Seven
Eight
Nine
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Question # 10
If income of the government is more than its expenditures, such budget is called
Choose an answer
Surplus budget
Deficit budget
Balanced budget
Capital budget
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Question # 11
The revenue collection of government and spending policy is called
Choose an answer
Monetary policy
Fiscal policy
commercial policy
Labour policy
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Question # 12
The rate of usher on product of canal land is
Choose an answer
5%
10%
20%
2.5%
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Question # 13
Annual rate of Zakat on cash and trading goods is
Choose an answer
2.0%
2,5%
3.0%
3.5%
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Question # 14
Monetary theory of trade cycle was given by:
Choose an answer
Joseph Schumpeter
Habson Foster
Jevons
Hawtray
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Question # 15
On which amount Zakat is payable
Choose an answer
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
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Question # 16
If the person has to pay the tax on whom it is levied, then it is called
Choose an answer
Direct tax
Indirect tax
Proportional tax
Progressive tax
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Question # 17
A good thing in private finance
Choose an answer
Expenditures are equal to income
Expenditure are more than income
Income is more than expenditures
a and b both
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