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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ICS Part 2 Economics English Medium Chapter Wise MCQ's Test

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

It is direct tax

Question # 2

In Pakistan, taxes are leived by

Question # 3

Progressive taxes

Question # 4

The Government can colect funds from

Question # 5

Prograssive taxes

Question # 6

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

Question # 7

Taxes on commodities are

Question # 8

Govt. taxatio and spending policieis are called.

Question # 9

Governmet finance is called.

Question # 10

This is not a Principal of taxation

Question # 11

Govt. prepares its budget

Question # 12

Which one of the NOT a principle of taxation

Question # 13

Oneof he following is NOT a feature of private finance.

Question # 14

The most important source of income of a government is.

Question # 15

The most important source of income of a goernemnt is.

Question # 16

Whom of the followng propounded principles of taxation

Question # 17

Govt.taxing and spending policies are called.

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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 Govt.taxing and spending policies are called.
A. Fiscal policy
B. Public policy
C. Monetary Policy
D. Economic policy
2 In Pakistan Income tax is
A. Progressive tax
B. Regressive tax
C. Proportional tax
D. Fixed tax
3 It is direct tax
A. Excise tax
B. Sales tax
C. Income tax
D. Custom duty
4 InPakistan government budget is prepared by
A. National Assembly
B. Presidnet of Pakistan
C. Ministry of Finance
D. State Bank of Pakistan
5 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
6 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
7 The Government can colect funds from
A. Taxes
B. Fees
C. Prices of public goods
D. All the three
8 Whom of the followng propounded principles of taxation
A. Keynes
B. Adam Smith
C. Marshall
D. Ghazali
9 Govt. prepares its budget
A. Weekly
B. Montly
C. Quarterly
D. Annually
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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