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

Question # 1

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 # 2

The Government can colect funds from

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

Question # 3

Which source a private company cannot use?

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

Question # 4

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 # 5

Governmet finance is called.

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

Question # 6

In Pakistan Income tax is

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

Question # 7

Taxes on commodities are

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

Question # 8

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 # 9

Govt. taxatio and spending policieis are called.

Fiscal policy A
Monetary policy B
Commercial policy C
Finance policy 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

In Pakistan, taxes are leived by

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

Question # 13

Govt. prepares its budget

Weekly A
Montly B
Quarterly C
Annually 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

Govt.taxing and spending policies are called.

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

Question # 16

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 # 17

This is not a Principal of taxation

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

Sr.#	Question	Answer
1	In Pakistan, taxes are leived by	A. Prime Minister of Pakistan B. President of Pakistan C. Federal cabinet of ministers D. National Assembly
2	Governmet finance is called.	A. National finance B. Public finance C. Private finance D. a and b above
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	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
5	Taxes on commodities are	A. Direct taxes B. Indirect Taxes C. Progressive taxes D. Propotional taxes
6	In Pakistan Income tax is	A. Progressive tax B. Regressive tax C. Proportional tax D. Fixed tax
7	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
8	Which one of the NOT a principle of taxation	A. Principle of equality B. Pricniple of morality C. Principleof certainty D. Principle of diversity
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	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

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Oneof he following is NOT a feature of private finance.

The Government can colect funds from

Which source a private company cannot use?

Prograssive taxes

Governmet finance is called.

In Pakistan Income tax is

Taxes on commodities are

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

Govt. taxatio and spending policieis are called.

The most important source of income of a goernemnt is.

Which one of the NOT a principle of taxation

In Pakistan, taxes are leived by

Govt. prepares its budget

The most important source of income of a government is.

Govt.taxing and spending policies are called.

Progressive taxes

This is not a Principal of taxation

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