6th Chapter

12th Economics Chapter 6 Test

Here you can prepare 12th Economics English Medium Chapter 6 Central Bank Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. Function of central bank
. Credit control and monetary policy

ICS Part 2 Economics Ch. 6 Test
ic

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

Sr. # Questions Answers Choice
1 Govt. taxatio and spending policieis are called.
  • A. Fiscal policy
  • B. Monetary policy
  • C. Commercial policy
  • D. Finance policy
2 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
3 It is direct tax
  • A. Excise tax
  • B. Sales tax
  • C. Income tax
  • D. Custom duty
4 Govt.taxing and spending policies are called.
  • A. Fiscal policy
  • B. Public policy
  • C. Monetary Policy
  • D. Economic policy
5 Oneof he following is NOT a feature of private finance.
  • A. Balancing of incoem and expenditure
  • B. Secrecy
  • C. Publicity
  • D. Saving some part of income
6 Whom of the followng propounded principles of taxation
  • A. Keynes
  • B. Adam Smith
  • C. Marshall
  • D. Ghazali
7 Taxes on commodities are
  • A. Direct taxes
  • B. Indirect Taxes
  • C. Progressive taxes
  • D. Propotional taxes
8 InPakistan government budget is prepared by
  • A. National Assembly
  • B. Presidnet of Pakistan
  • C. Ministry of Finance
  • D. State Bank of Pakistan
9 The most important source of income of a goernemnt is.
  • A. Foreign loans
  • B. Taxes
  • C. Printing of new money
  • D. Sale of governemnt property
10 Which source a private company cannot use?
  • A. A Bank loan
  • B. Tax
  • C. Selling new shares in stock exchange
  • D. Detail finance

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