Question # 1

Taxes on commodities are

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Direct taxes

Indirect Taxes

Progressive taxes

Propotional taxes

Govt. taxatio and spending policieis are called.

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Fiscal policy

Monetary policy

Commercial policy

Finance policy

Governmet finance is called.

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National finance

Public finance

Private finance

a and b above

Which source a private company cannot use?

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A Bank loan

Tax

Selling new shares in stock exchange

Detail finance

The most important source of income of a goernemnt is.

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Foreign loans

Taxes

Printing of new money

Sale of governemnt property

It is direct tax

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Excise tax

Sales tax

Income tax

Custom duty

Prograssive taxes

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Are harmful for the economy

Bring equality in distributio of income

Compel rich people to be honest

Decrease evasion of taxes

In Pakistan Income tax is

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Progressive tax

Regressive tax

Proportional tax

Fixed tax

The Government can colect funds from

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Taxes

Fees

Prices of public goods

All the three

The most important source of income of a government is.

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Foreign loans

Printing of New money

Sale of government property

Taxes

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Icom Part 2 Principles of Economics Chapter 6 English Medium Online Test MCQs With Answers

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