11th class Principles of Economics chapter 13 online mcq test with answers for I.Com part 1 Principles of Economics chapter 13(Public Finance and Zakat)

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

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ICOM Part 1 English Medium Subjects

Principles of Accounting

Principles of Economics

Principles of Commerce

ICOM Part 1 Urdu Medium Subjects

Principles of Commerce

Principles of Economics

Principles of Accounting

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Sr.#	Question	Answer
1	The ratio of change in investment to change in income is known as:	A. Multiplier B. Accelerator C. MEC D. Both a and b
2	The budget period in public finance is	A. six months B. one year C. two years D. five years
3	Adam Smith presented the basic canons of taxation	A. Two B. Three C. Four D. Five
4	Wealth tax, income tax, property tax etc are	A. Direct taxes B. Indirect taxes C. Proportional taxes D. Progressive taxes
5	In private finance the individuals estimate their income and expenditures	A. Daily B. Weekly C. Monthly D. Yearly
6	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
7	Number of beneficiaries of Zakat is stated in the holy Quran	A. Five B. Seven C. Eight D. Nine
8	Income and employment are at peak level during:	A. Recovery B. Boom C. Depression D. Recession
9	Monetary theory of trade cycle was given by:	A. Joseph Schumpeter B. Habson Foster C. Jevons D. Hawtray
10	Modern theory trade cycle was presented by:	A. Hawtrey B. Habson Foster C. Jevons D. J.R Hicks
11	One of the following is not included in the sources of public revenue	A. Tax B. Fee C. Defence D. Fines
12	Government estimates its income and expenditures	A. Monthly B. Three monthly C. Six monthly D. Annual
13	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
14	Which one of the following stated the canons of taxation first	A. Adam Smith B. Marshall C. Robbins D. Keynes
15	Private individuals can get loan from	A. Their relatives, friends and domestic financial institutions B. Foreign financial agencies C. Foreign government D. International financial institutions

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First Year Principles of Economics Chapter 13 Online MCQ Test for 1st Year Principles of Economics Chapter 13 (Public Finance and Zakat)

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"

Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test

If income of government is more than its expenditures, then it is a

If income of government is less than its expenditures, then it is a

The main source of the public revenue is

If the rate of tax does not change with decrease or increase in the level of income, is called

The salient features of trade cycle are:

The expected rate of profit from a business is known as:

If everybody pays tax according to his financial position, it is said

If the income and expenditures of the government are equal, such budget is called

The percentage part of the agricultural produce is payable as Zakat which is irrigated by natural water

Private individuals are not allowed to fullfil their needs

"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

Payment of zakat is compulsory for ----------- living in Islamic Country

Which one of the following stated the canons of taxation first

The percentage part of the agricultural produce is payable as Zakat which is irrigated by artificial sources

Wealth tax, income tax, property tax etc are

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11th Principle of Economics Chapter 13 Test

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"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