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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
00:00
Question # 1
If income of government is less than its expenditures, then it is a
Question # 2
Over investment and over saving theory was given by:
Question # 3
The budget period in public finance is
Question # 4
Meteorological theory of trade cycle was presented by:
Question # 5
Kinds of public expenditures are
Question # 6
In which phase of Frade cycle level of employment and income becomes very low.
Question # 7
One of the following is not included in the sources of public revenue
Question # 8
Branches of public finance are
Question # 9
Because of indirect taxes, prices
Question # 10
If the rate of tax does not change with decrease or increase in the level of income, is called
Question # 11
The average duration of trade cycle is:
Question # 12
Which one of the following is direct tax
Question # 13
What type of nature of Zakat is
Question # 14
Public finance and private finance are of each other
Question # 15
One of the following is not included in the branches of public finance
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.
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ICom Part 1 Principles of Economics ( English Medium) Chapter 13 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If a person does not pay the amount of the tax from his own pocked on whom it is levied rather shifts its barden on some other person, then it is called |
A. Direct tax
B. Indirect tax
C. Proportional tax
D. Progressive tax
|
| 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 percentage part of the agricultural produce is payable as Zakat which is irrigated by artificial sources |
A. 5%
B. 10%
C. 15%
D. 20%
|
| 4 | 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
|
| 5 | Zakat means |
A. Growth
B. Purification
C. Tax
D. Both 1st and 2nd
|
| 6 |
"The study of nature and principles of government expenditures and revenue is called public finance" This definition is stated by |
A. Bastable
B. Armitage Smith
C. Ricardo
D. Robbins
|
| 7 | Private individuals are not allowed to fullfil their needs |
A. To get loans from the friends
B. To get financial help from the relatives
C. To get loans from the domestic financial institutions
D. To print notes
|
| 8 | In which year international monetary fund was established: |
A. 1941
B. 1944
C. 1945
D. 1947
|
| 9 | Which one of the following stated the canons of taxation first |
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
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| 10 | Total number of canons of taxation stated by different economists is |
A. Seven
B. Nine
C. Eleven
D. Twelve
|
Test Questions
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