12th class Economics chapter 6 online mcq test with answers for ICS part 2 Economics chapter 6 (Central Bank)

Question # 1

This is not a Principal of taxation

Principal of equality A
Pricipal of secracy B
Principal of adequacy C
Principal of convenience D

Question # 2

Prograssive taxes

Are harmful for the economy A
Bring equality in distributio of income B
Compel rich people to be honest C
Decrease evasion of taxes D

Question # 3

InPakistan government budget is prepared by

National Assembly A
Presidnet of Pakistan B
Ministry of Finance C
State Bank of Pakistan D

Question # 4

Whom of the followng propounded principles of taxation

Keynes A
Adam Smith B
Marshall C
Ghazali D

Question # 5

Progressive taxes

Incereasegovernemnt revenue A
Bring equality in distributio nof incomes B
Act as panality for rich people C
a and b of above D

Question # 6

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

excise tax on cigratettes A
Highway tolltax B
Personal income tax C
Proportional sales tax D

Question # 7

Govt. prepares its budget

Weekly A
Montly B
Quarterly C
Annually D

Question # 8

The most important source of income of a government is.

Foreign loans A
Printing of New money B
Sale of government property C
Taxes D

Question # 9

Taxes on commodities are

Direct taxes A
Indirect Taxes B
Progressive taxes C
Propotional taxes D

Question # 10

The most important source of income of a goernemnt is.

Foreign loans A
Taxes B
Printing of new money C
Sale of governemnt property D

Question # 11

Which one of the NOT a principle of taxation

Principle of equality A
Pricniple of morality B
Principleof certainty C
Principle of diversity D

Question # 12

It is direct tax

Excise tax A
Sales tax B
Income tax C
Custom duty D

Question # 13

In Pakistan, taxes are leived by

Prime Minister of Pakistan A
President of Pakistan B
Federal cabinet of ministers C
National Assembly D

Question # 14

Oneof he following is NOT a feature of private finance.

Balancing of incoem and expenditure A
Secrecy B
Publicity C
Saving some part of income D

Question # 15

Govt.taxing and spending policies are called.

Fiscal policy A
Public policy B
Monetary Policy C
Economic policy D

Question # 16

Governmet finance is called.

National finance A
Public finance B
Private finance C
a and b above D

Question # 17

In Pakistan Income tax is

Progressive tax A
Regressive tax B
Proportional tax C
Fixed tax D

Sr.#	Question	Answer
1	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
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	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
4	This is not a Principal of taxation	A. Principal of equality B. Pricipal of secracy C. Principal of adequacy D. Principal of convenience
5	Governmet finance is called.	A. National finance B. Public finance C. Private finance D. a and b above
6	In Pakistan Income tax is	A. Progressive tax B. Regressive tax C. Proportional tax D. Fixed tax
7	InPakistan government budget is prepared by	A. National Assembly B. Presidnet of Pakistan C. Ministry of Finance D. State Bank of Pakistan
8	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
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	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

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This is not a Principal of taxation

Prograssive taxes

InPakistan government budget is prepared by

Whom of the followng propounded principles of taxation

Progressive taxes

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

Govt. prepares its budget

The most important source of income of a government is.

Taxes on commodities are

The most important source of income of a goernemnt is.

Which one of the NOT a principle of taxation

It is direct tax

In Pakistan, taxes are leived by

Oneof he following is NOT a feature of private finance.

Govt.taxing and spending policies are called.

Governmet finance is called.

In Pakistan Income tax is

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