| 1 |
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
|
| 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 tax whose burden can be shifted to the customers, is called |
- A. Proportional tax
- B. Progressive tax
- C. Direct tax
- D. Indirect tax
|
| 4 |
Which one of the following public expenditures is related to transport |
- A. Police
- B. Defence
- C. Railway
- D. Public education
|
| 5 |
Surplus budget for the government is considered |
- A. Useful
- B. Harmful
- C. Useful & harmful
- D. None of three
|
| 6 |
Number of beneficiaries of Zakat is stated in the holy Quran |
- A. Five
- B. Seven
- C. Eight
- D. Nine
|
| 7 |
Income and employment are at peak level during: |
- A. Recovery
- B. Boom
- C. Depression
- D. Recession
|
| 8 |
Public finance and private finance are of each other |
- A. Opposite
- B. Synonymous
- C. Similar & different
- D. None of three
|
| 9 |
Indirect taxes become cause of |
- A. Increase in prices
- B. Decrease in prices
- C. Stability of prices
- D. Change in prices
|
| 10 |
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%
|
