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Online Tests
Icom Part 2 Principles of Economics Chapter 6 English Medium Online Test MCQs With Answers
Question # 1
Whom of the followng propounded principles of taxation
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Keynes
Adam Smith
Marshall
Ghazali
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Question # 2
Taxes on commodities are
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Direct taxes
Indirect Taxes
Progressive taxes
Propotional taxes
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Question # 3
The Government can colect funds from
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Taxes
Fees
Prices of public goods
All the three
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Question # 4
Oneof he following is NOT a feature of private finance.
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Balancing of incoem and expenditure
Secrecy
Publicity
Saving some part of income
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Question # 5
This is not a Principal of taxation
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Principal of equality
Pricipal of secracy
Principal of adequacy
Principal of convenience
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Question # 6
Govt.taxing and spending policies are called.
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Fiscal policy
Public policy
Monetary Policy
Economic policy
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Question # 7
InPakistan government budget is prepared by
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National Assembly
Presidnet of Pakistan
Ministry of Finance
State Bank of Pakistan
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Question # 8
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
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Question # 9
Governmet finance is called.
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National finance
Public finance
Private finance
a and b above
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Question # 10
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
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Question # 11
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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