| 1 |
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
|
| 2 |
The interaction of multiplier and accelerator is known as: |
- A. Innovation theory
- B. Modern theory
- C. Psychological theory
- D. Over investment theory
|
| 3 |
The tax which is levied on the sale of goods is called |
- A. Income tax
- B. Property tax
- C. Gift tax
- D. Sales tax
|
| 4 |
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
|
| 5 |
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
|
| 6 |
The percentage part of the agricultural produce is payable as Zakat which is irrigated by artificial sources |
- A. 5%
- B. 10%
- C. 15%
- D. 20%
|
| 7 |
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
|
| 8 |
If the rate of tax increase with the increase of level of income, is called |
- A. Progressive tax
- B. Proportional tax
- C. Regressive tax
- D. Value added tax
|
| 9 |
The tax whose burden can be shifted to the customers, is called |
- A. Proportional tax
- B. Progressive tax
- C. Direct tax
- D. Indirect tax
|
| 10 |
Which one of the following is indirect tax |
- A. Income tax
- B. Property tax
- C. Wealth tax
- D. Sales tax
|
