2nd Year Economics Chapter 6 Online MCQ Test for 12th Class Economics Chapter 6 (Central Bank)

ICS Part 2 Economics English Medium Chapter 6 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 6 Online Test"

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ICS Part 2 Economics English Medium Chapter 6 Online Test

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Question # 1

This is not a Principal of taxation

Question # 2

Oneof he following is NOT a feature of private finance.

Question # 3

Which source a private company cannot use?

Question # 4

Govt. taxatio and spending policieis are called.

Question # 5

Taxes on commodities are

Question # 6

In Pakistan Income tax is

Question # 7

Whom of the followng propounded principles of taxation

Question # 8

Governmet finance is called.

Question # 9

Govt. prepares its budget

Question # 10

Govt.taxing and spending policies are called.

Question # 11

Progressive taxes

Question # 12

Prograssive taxes

Question # 13

The Government can colect funds from

Question # 14

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

Question # 15

The most important source of income of a government is.

Question # 16

It is direct tax

Question # 17

The most important source of income of a goernemnt is.

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ICS Part 2 Economics English Medium Chapter 6 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 Progressive taxes
A. Incereasegovernemnt revenue
B. Bring equality in distributio nof incomes
C. Act as panality for rich people
D. a and b of above
2 The most important source of income of a government is.
A. Foreign loans
B. Printing of New money
C. Sale of government property
D. Taxes
3 Govt. taxatio and spending policieis are called.
A. Fiscal policy
B. Monetary policy
C. Commercial policy
D. Finance policy
4 Prograssive taxes
A. Are harmful for the economy
B. Bring equality in distributio of income
C. Compel rich people to be honest
D. Decrease evasion of taxes
5 Which of the followign tax is best example of ability to pay principle of taxes
A. excise tax on cigratettes
B. Highway tolltax
C. Personal income tax
D. Proportional sales tax
6 Govt.taxing and spending policies are called.
A. Fiscal policy
B. Public policy
C. Monetary Policy
D. Economic policy
7 Governmet finance is called.
A. National finance
B. Public finance
C. Private finance
D. a and b above
8 Which source a private company cannot use?
A. A Bank loan
B. Tax
C. Selling new shares in stock exchange
D. Detail finance
9 Taxes on commodities are
A. Direct taxes
B. Indirect Taxes
C. Progressive taxes
D. Propotional taxes
10 Which one of the NOT a principle of taxation
A. Principle of equality
B. Pricniple of morality
C. Principleof certainty
D. Principle of diversity

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