Question # 1

Which one of the following public expenditures is related to transport

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Police

Defence

Railway

Public education

Kinds of public expenditures are

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Two

Three

Four

Five

In which year international monetary fund was established:

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1941

1944

1945

1947

The percentage part of the agricultural produce is payable as Zakat which is irrigated by natural water

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5%

10%

15%

20%

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

Adam Smith presented the basic canons of taxation

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Two

Three

Four

Five

In private finance the individuals estimate their income and expenditures

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Daily

Weekly

Monthly

Yearly

The rate of usher on product of canal land is

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5%

10%

20%

2.5%

The interaction of multiplier and accelerator is known as:

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Innovation theory

Modern theory

Psychological theory

Over investment theory

The budget period in public finance is

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six months

one year

two years

five years

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

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Depression

Recovery

Recession

Boom

The salient features of trade cycle are:

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National in nature

International in nature

Domestic in nature

All of these

Government needs public finance

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For the defence of frontiers

To maintain law and order in the country

For the payment of salaries of government employees

For the welfare of the people

The tax which is levied on the sale of goods is called

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Income tax

Property tax

Gift tax

Sales tax

Because of indirect taxes, prices

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Decrease

Remain constant

Increase

Do not change

Number of beneficiaries of Zakat is stated in the holy Quran

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Five

Seven

Eight

Nine

Meteorological theory of trade cycle was presented by:

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Joseph Schumpeter

Habson Foster

Jevons

Hawtray

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

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