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

ICS Part 2 Economics English Medium Chapter 6 Online Test

Sr. #	Questions	Answers Choice
1	Govt.taxing and spending policies are called.	Fiscal policy Public policy Monetary Policy Economic policy
2	This is not a Principal of taxation	Principal of equality Pricipal of secracy Principal of adequacy Principal of convenience
3	Prograssive taxes	Are harmful for the economy Bring equality in distributio of income Compel rich people to be honest Decrease evasion of taxes
4	The most important source of income of a government is.	Foreign loans Printing of New money Sale of government property Taxes
5	Which source a private company cannot use?	A Bank loan Tax Selling new shares in stock exchange Detail finance
6	Which one of the NOT a principle of taxation	Principle of equality Pricniple of morality Principleof certainty Principle of diversity
7	In Pakistan Income tax is	Progressive tax Regressive tax Proportional tax Fixed tax
8	InPakistan government budget is prepared by	National Assembly Presidnet of Pakistan Ministry of Finance State Bank of Pakistan
9	The Government can colect funds from	Taxes Fees Prices of public goods All the three
10	Governmet finance is called.	National finance Public finance Private finance a and b above
11	Govt. taxatio and spending policieis are called.	Fiscal policy Monetary policy Commercial policy Finance policy
12	Which of the followign tax is best example of ability to pay principle of taxes	excise tax on cigratettes Highway tolltax Personal income tax Proportional sales tax
13	In Pakistan, taxes are leived by	Prime Minister of Pakistan President of Pakistan Federal cabinet of ministers National Assembly
14	Progressive taxes	Incereasegovernemnt revenue Bring equality in distributio nof incomes Act as panality for rich people a and b of above
15	The most important source of income of a goernemnt is.	Foreign loans Taxes Printing of new money Sale of governemnt property
16	It is direct tax	Excise tax Sales tax Income tax Custom duty
17	Oneof he following is NOT a feature of private finance.	Balancing of incoem and expenditure Secrecy Publicity Saving some part of income

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