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

Question # 1

InPakistan government budget is prepared by

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

Question # 2

Which source a private company cannot use?

A Bank loan A
Tax B
Selling new shares in stock exchange C
Detail finance D

Question # 3

Govt.taxing and spending policies are called.

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

Question # 4

This is not a Principal of taxation

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

Question # 5

Govt. taxatio and spending policieis are called.

Fiscal policy A
Monetary policy B
Commercial policy C
Finance policy D

Question # 6

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 # 7

In Pakistan, taxes are leived by

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

Question # 8

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 # 9

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 # 10

Govt. prepares its budget

Weekly A
Montly B
Quarterly C
Annually D

Question # 11

It is direct tax

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

Question # 12

Whom of the followng propounded principles of taxation

Keynes A
Adam Smith B
Marshall C
Ghazali D

Question # 13

The Government can colect funds from

Taxes A
Fees B
Prices of public goods C
All the three D

Question # 14

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 # 15

In Pakistan Income tax is

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

Question # 16

Governmet finance is called.

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

Question # 17

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

Sr.#	Question	Answer
1	Govt.taxing and spending policies are called.	A. Fiscal policy B. Public policy C. Monetary Policy D. Economic policy
2	Govt. taxatio and spending policieis are called.	A. Fiscal policy B. Monetary policy C. Commercial policy D. Finance policy
3	The Government can colect funds from	A. Taxes B. Fees C. Prices of public goods D. All the three
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	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	InPakistan government budget is prepared by	A. National Assembly B. Presidnet of Pakistan C. Ministry of Finance D. State Bank of Pakistan
7	Governmet finance is called.	A. National finance B. Public finance C. Private finance D. a and b above
8	It is direct tax	A. Excise tax B. Sales tax C. Income tax D. Custom duty
9	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
10	In Pakistan, taxes are leived by	A. Prime Minister of Pakistan B. President of Pakistan C. Federal cabinet of ministers D. National Assembly

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InPakistan government budget is prepared by

Which source a private company cannot use?

Govt.taxing and spending policies are called.

This is not a Principal of taxation

Govt. taxatio and spending policieis are called.

Progressive taxes

In Pakistan, taxes are leived by

Which one of the NOT a principle of taxation

Oneof he following is NOT a feature of private finance.

Govt. prepares its budget

It is direct tax

Whom of the followng propounded principles of taxation

The Government can colect funds from

The most important source of income of a government is.

In Pakistan Income tax is

Governmet finance is called.

Prograssive taxes

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