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This online test contains MCQs about following topics:
. Definition and meaning of public finance . Canons of taxation . Sources of public revenue . Heads of public expenditure . Kinds of taxes . Zakat and usher . Important opints of definition of zakat
ICOM Part 1 Economics Ch 13 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 13 "Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test"
Try The MCQ's Test For Chapter 13 "Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test
00:00
Question # 1
In private finance the individuals estimate their income and expenditures
Question # 2
Payment of zakat is compulsory for ----------- living in Islamic Country
Question # 3
The percentage part of the agricultural produce is payable as Zakat which is irrigated by artificial sources
Question # 4
One of the following is not included in the public expenditures
Question # 5
If every person pays tax according to his capacity, it is called
Question # 6
The expected rate of profit from a business is known as:
Question # 7
In which phase of Frade cycle level of employment and income becomes very low.
Question # 8
Government needs public finance
Question # 9
Branches of public finance are
Question # 10
Usher is levied on
Question # 11
Meteorological theory of trade cycle was presented by:
Question # 12
The interaction of multiplier and accelerator is known as:
Question # 13
If the rate of tax does not change with decrease or increase in the level of income, is called
Question # 14
Over investment and over saving theory was given by:
Question # 15
Phases of trade cycle are:
11th Principle of Economics Chapter 13 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 13 Public Finance and Zakat Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 13 "Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test" MCQ`s Test
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M Minahil Asif 03 - Jun - 2024 01 Min 45 Sec 14/15 -
A Aliya hassan 06 - Dec - 2020 01 Min 55 Sec 14/15 -
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A Arzoo Qaiser 30 - Jan - 2026 01 Min 42 Sec 13/15 -
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N Naveera 03 - Jun - 2021 02 Min 07 Sec 11/15 -
T Tanzila Tahir 01 - Nov - 2023 02 Min 17 Sec 11/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 13 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | In which phase of Frade cycle level of employment and income becomes very low. |
A. Depression
B. Recovery
C. Recession
D. Boom
|
| 2 | Adam Smith presented the basic canons of taxation |
A. Two
B. Three
C. Four
D. Five
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| 3 | If the income of the government is less than its expenditures, such budget is called |
A. Surplus budget
B. Deficit budget
C. Balanced budget
D. Capital budget
|
| 4 | One of the following is not included in the branches of public finance |
A. Public revenue
B. Welfare of the people
C. Public expenditure
D. Public debt
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| 5 | The budget period in public finance is |
A. six months
B. one year
C. two years
D. five years
|
| 6 | A good thing in public finance |
A. Expenditures are more than income
B. Income is more than expenditure
C. Income is equal to expenditure
D. b and c both
|
| 7 | Wealth tax, income tax, property tax etc are |
A. Direct taxes
B. Indirect taxes
C. Proportional taxes
D. Progressive taxes
|
| 8 | If income of the government is more than its expenditures, such budget is called |
A. Surplus budget
B. Deficit budget
C. Balanced budget
D. Capital budget
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| 9 | If every person pays tax according to his capacity, it is called |
A. Canon of certainly
B. Canon of equality
C. Canon of productivity
D. Canon of convenience
|
| 10 | Zakat can not be given |
A. to get slaves free
B. To the collection of zakat
C. For the construction of Mosque
D. The converts
|
Test Questions