| 1 |
"Public finance is that branch of economics which studies the revenue and expenditures of governments institutions, their inter-relationship and financial administration"<br>This definition is stated by |
- A. Bastable
- B. Armitage Smith
- C. Marshall
- D. Pigou
|
| 2 |
One of the following is not included in the public expenditures |
- A. Courts
- B. Fee
- C. Public administration
- D. Defence
|
| 3 |
Government estimates its income and expenditures |
- A. Monthly
- B. Three monthly
- C. Six monthly
- D. Annual
|
| 4 |
The ratio of change in investment to change in income is known as: |
- A. Multiplier
- B. Accelerator
- C. MEC
- D. Both a and b
|
| 5 |
The revenue collection of government and spending policy is called |
- A. Monetary policy
- B. Fiscal policy
- C. commercial policy
- D. Labour policy
|
| 6 |
Public finance and private finance are of each other |
- A. Opposite
- B. Synonymous
- C. Similar & different
- D. None of three
|
| 7 |
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
|
| 8 |
During boom, a government prepares budget which is |
- A. Balanced
- B. Surplus
- C. Deficit
- D. Unbalanced
|
| 9 |
What type of nature of Zakat is |
- A. Fixed
- B. Non fixed
- C. Elastic
- D. Changes along with the change in income
|
| 10 |
In which phase of Frade cycle level of employment and income becomes very low. |
- A. Depression
- B. Recovery
- C. Recession
- D. Boom
|
