Question # 1

Which of the followign tax is best example of ability to pay principle of taxes

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excise tax on cigratettes

Highway tolltax

Personal income tax

Proportional sales tax

Govt. taxatio and spending policieis are called.

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Fiscal policy

Monetary policy

Commercial policy

Finance policy

Taxes on commodities are

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Direct taxes

Indirect Taxes

Progressive taxes

Propotional taxes

Govt. prepares its budget

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Weekly

Montly

Quarterly

Annually

InPakistan government budget is prepared by

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National Assembly

Presidnet of Pakistan

Ministry of Finance

State Bank of Pakistan

This is not a Principal of taxation

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Principal of equality

Pricipal of secracy

Principal of adequacy

Principal of convenience

Govt.taxing and spending policies are called.

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Fiscal policy

Public policy

Monetary Policy

Economic policy

Governmet finance is called.

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National finance

Public finance

Private finance

a and b above

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

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

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

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