| 1 |
State laws are of |
- A. Regional nature
- B. Country nature
- C. International nature
- D. Non of three
|
| 2 |
Usher is levied on |
- A. Cash amount
- B. Goats and sheep
- C. Trading goods
- D. Agricultural production
|
| 3 |
Supply of perishable goods e.g. groceries, fruit, meat etc is |
- A. Less elastic
- B. More elastic
- C. Perfectly inelastic
- D. Perfectly elastic
|
| 4 |
Public finance and private finance are of each other |
- A. Opposite
- B. Synonymous
- C. Similar & different
- D. None of three
|
| 5 |
Income received without any economic services: |
- A. National Income
- B. Transfer payments
- C. Interest
- D. Profit
|
| 6 |
During recession demand for factors of production is |
- A. More
- B. Limited
- C. Very low
- D. Too much
|
| 7 |
Total utility always: |
- A. Decreases
- B. 1st increases then decreases
- C. Maximum
- D. Negative
|
| 8 |
The investigation of government income and expenditure is known as: |
- A. Government finance
- B. Private finance
- C. Public finance
- D. Both a and c
|
| 9 |
If the person has to pay the tax on whom it is levied, then it is called |
- A. Direct tax
- B. Indirect tax
- C. Proportional tax
- D. Progressive tax
|
| 10 |
The paper notes which can not be converted in gold, silver, or foreign exchange, are called |
- A. Standard money
- B. Convertible paper money
- C. Inconvertible paper money
- D. Legal tender money
|