Question # 1

Which source a private company cannot use?

Choose an answer

A Bank loan

Tax

Selling new shares in stock exchange

Detail finance

In Pakistan, taxes are leived by

Choose an answer

Prime Minister of Pakistan

President of Pakistan

Federal cabinet of ministers

National Assembly

Prograssive taxes

Choose an answer

Are harmful for the economy

Bring equality in distributio of income

Compel rich people to be honest

Decrease evasion of taxes

Govt.taxing and spending policies are called.

Choose an answer

Fiscal policy

Public policy

Monetary Policy

Economic policy

This is not a Principal of taxation

Choose an answer

Principal of equality

Pricipal of secracy

Principal of adequacy

Principal of convenience

It is direct tax

Choose an answer

Excise tax

Sales tax

Income tax

Custom duty

Oneof he following is NOT a feature of private finance.

Choose an answer

Balancing of incoem and expenditure

Secrecy

Publicity

Saving some part of income

Taxes on commodities are

Choose an answer

Direct taxes

Indirect Taxes

Progressive taxes

Propotional taxes

The Government can colect funds from

Choose an answer

Taxes

Fees

Prices of public goods

All the three

Which one of the NOT a principle of taxation

Choose an answer

Principle of equality

Pricniple of morality

Principleof certainty

Principle of diversity

Govt. taxatio and spending policieis are called.

Choose an answer

Fiscal policy

Monetary policy

Commercial policy

Finance policy

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

Choose an answer

excise tax on cigratettes

Highway tolltax

Personal income tax

Proportional sales tax

In Pakistan Income tax is

Choose an answer

Progressive tax

Regressive tax

Proportional tax

Fixed tax

The most important source of income of a government is.

Choose an answer

Foreign loans

Printing of New money

Sale of government property

Taxes

Progressive taxes

Choose an answer

Incereasegovernemnt revenue

Bring equality in distributio nof incomes

Act as panality for rich people

a and b of above

The most important source of income of a goernemnt is.

Choose an answer

Foreign loans

Taxes

Printing of new money

Sale of governemnt property

InPakistan government budget is prepared by

Choose an answer

National Assembly

Presidnet of Pakistan

Ministry of Finance

State Bank of Pakistan

Whom of the followng propounded principles of taxation

Choose an answer

Keynes

Adam Smith

Marshall

Ghazali

Governmet finance is called.

Choose an answer

National finance

Public finance

Private finance

a and b above

Govt. prepares its budget

Choose an answer

Weekly

Montly

Quarterly

Annually

More Classes

Other Links

ICS Part 2 Economics English Medium Chapter 6 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer