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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
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Question # 1
During depression, a government prepares budget which is
Question # 2
"Public finance deals with governments revenue and expenditure and it studies how government maintains balance between its revenue and expenditures"
"Public finance deals with governments revenue and expenditure and it studies how government maintains balance between its revenue and expenditures"
This definition is stead by
Question # 3
Which one of the following is direct tax
Question # 4
"Public finance is that branch of economics which studies the revenue and expenditures of governments institutions, their inter-relationship and financial administration"
"Public finance is that branch of economics which studies the revenue and expenditures of governments institutions, their inter-relationship and financial administration"
This definition is stated by
Question # 5
Usher is levied on
Question # 6
If the rate of tax does not change with decrease or increase in the level of income, is called
Question # 7
Over investment and over saving theory was given by:
Question # 8
Trade cycles can be controlled by:
Question # 9
In private finance the individuals estimate their income and expenditures
Question # 10
Income and employment are at peak level during:
Question # 11
During boom, a government prepares budget which is
Question # 12
Government needs public finance
Question # 13
The tax whose burden can be shifted to the customers, is called
Question # 14
To the name of which economist, canons of taxation are attributed
Question # 15
Indirect taxes become cause of
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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Z Zayn 25 - Jul - 2021 01 Min 34 Sec 14/15 -
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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S Subtain Ahmed Raza 22 - Jul - 2023 02 Min 22 Sec 12/15 -
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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 | Total number of canons of taxation stated by different economists is |
A. Seven
B. Nine
C. Eleven
D. Twelve
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| 2 | The expected rate of profit from a business is known as: |
A. Multiplier
B. Accelerator
C. Marginal efficiency of capital
D. Both a and b
|
| 3 | The ratio of change in income to change in investment is known as: |
A. Multiplier
B. Accelrator
C. MEC
D. Both a and b
|
| 4 | Zakat means |
A. Growth
B. Purification
C. Tax
D. Both 1st and 2nd
|
| 5 | The ratio of change in investment to change in income is known as: |
A. Multiplier
B. Accelerator
C. MEC
D. Both a and b
|
| 6 | During depression, a government prepares budget which is |
A. Balanced
B. Surplus
C. Deficit
D. Unbalanced
|
| 7 | Which one of the following public expenditures is related to transport |
A. Police
B. Defence
C. Railway
D. Public education
|
| 8 | Public finance and private finance are of each other |
A. Opposite
B. Synonymous
C. Similar & different
D. None of three
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| 9 | Adam Smith presented the basic canons of taxation |
A. Two
B. Three
C. Four
D. Five
|
| 10 | The percentage part of the agricultural produce is payable as Zakat which is irrigated by natural water |
A. 5%
B. 10%
C. 15%
D. 20%
|
Test Questions
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