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	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	A good thing in private finance	A. Expenditures are equal to income B. Expenditure are more than income C. Income is more than expenditures D. a and b both
3	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
4	Income and employment are at peak level during:	A. Recovery B. Boom C. Depression D. Recession
5	Meteorological theory of trade cycle was presented by:	A. Joseph Schumpeter B. Habson Foster C. Jevons D. Hawtray
6	On which amount Zakat is payable	A. Twenty thousand rupees B. On the amount equal to the value of 7.5 tola gold or 52.5 tola silver C. On fifty thousand rupees D. On one lac rupees
7	What type of nature of Zakat is	A. Fixed B. Non fixed C. Elastic D. Changes along with the change in income
8	To the name of which economist, canons of taxation are attributed	A. Adam smith B. Robbins C. Pigou D. Keynes
9	"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	A. Bastable B. Armitage Smith C. Marshall D. Pigou
10	The salient features of trade cycle are:	A. National in nature B. International in nature C. Domestic in nature D. All of these
11	Indirect taxes become cause of	A. Increase in prices B. Decrease in prices C. Stability of prices D. Change in prices
12	Usher is levied on	A. Cash amount B. Goats and sheep C. Trading goods D. Agricultural production
13	Private owners of minerals are bound to pay --------- Zakat of their production	A. 10% B. 15% C. 20% D. 25%
14	In which year international monetary fund was established:	A. 1941 B. 1944 C. 1945 D. 1947
15	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

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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

During boom, a government prepares budget which is

Private owners of minerals are bound to pay --------- Zakat of their production

Modern theory trade cycle was presented by:

If the person has to pay the tax on whom it is levied, then it is called

Surplus budget for the government is considered

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

If income of the government is more than its expenditures, such budget is called

Zakat is part of the present income

The rate of usher on product of canal land is

In which phase of Frade cycle level of employment and income becomes very low.

Which one of the following is indirect tax

"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

The salient features of trade cycle are:

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

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

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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