11th Class ICom Part 1 Principles of Economics Chapter Wise Online MCQ Test With Answers PDF English Medium

Principles of Economics Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	At last, indirect tax is paid by	Shopkeeper Entrepreneur Customer Whole-seller
2	Surplus budget for the government is considered	Useful Harmful Useful & harmful None of three
3	Public finance and private finance are of each other	Opposite Synonymous Similar & different None of three
4	Private owners of minerals are bound to pay --------- Zakat of their production	10% 15% 20% 25%
5	Annual rate of Zakat on cash and trading goods is	2.0% 2,5% 3.0% 3.5%
6	Number of beneficiaries of Zakat is stated in the holy Quran	Five Seven Eight Nine
7	Payment of zakat is compulsory for ----------- living in Islamic Country	Every person Every Muslim Only Poor Muslim Only Sahib-e-Nisab Muslim
8	What type of nature of Zakat is	Fixed Non fixed Elastic Changes along with the change in income
9	Usher is levied on	Cash amount Goats and sheep Trading goods Agricultural production
10	On which amount Zakat is payable	Twenty thousand rupees On the amount equal to the value of 7.5 tola gold or 52.5 tola silver On fifty thousand rupees On one lac rupees
11	Zakat can not be given	to get slaves free To the collection of zakat For the construction of Mosque The converts
12	Zakat is part of the present income	20th 30th 40th 50th
13	Which one of the following is direct tax	Sales tax Import duty Export duty Income tax
14	Which one of the following is indirect tax	Income tax Property tax Wealth tax Sales tax
15	If the rate of tax increase with the increase of level of income, is called	Progressive tax Proportional tax Regressive tax Value added tax

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