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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
Zakat means
Question # 2
The main source of the public revenue is
Question # 3
The interaction of multiplier and accelerator is known as:
Question # 4
One of the following is not included in the public expenditures
Question # 5
Wealth tax, income tax, property tax etc are
Question # 6
If the rate of tax does not change with decrease or increase in the level of income, is called
Question # 7
Theory of innovations was presented by:
Question # 8
Number of beneficiaries of Zakat is stated in the holy Quran
Question # 9
At last, indirect tax is paid by
Question # 10
The percentage part of the mineral production is payable as Zakat on private owners of minerals
Question # 11
Private individuals are not allowed to fullfil their needs
Question # 12
On which amount Zakat is payable
Question # 13
"The study of nature and principles of government expenditures and revenue is called public finance"
"The study of nature and principles of government expenditures and revenue is called public finance"
This definition is stated by
Question # 14
Meteorological theory of trade cycle was presented by:
Question # 15
The percentage part of the agricultural produce is payable as Zakat which is irrigated by natural water
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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E ekta 07 - Aug - 2021 01 Min 50 Sec 11/15 -
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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 | Branches of public finance are |
A. Two
B. Three
C. Four
D. Five
|
| 2 | Theory of innovations was presented by: |
A. Joseph Schumpeter
B. Habson Foster
C. Jevons
D. J.R Hicks
|
| 3 | Income and employment are at peak level during: |
A. Recovery
B. Boom
C. Depression
D. Recession
|
| 4 | 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
|
| 5 | The rate of usher on product of canal land is |
A. 5%
B. 10%
C. 20%
D. 2.5%
|
| 6 | What type of nature of Zakat is |
A. Fixed
B. Non fixed
C. Elastic
D. Changes along with the change in income
|
| 7 | One of the following is not included in the sources of public revenue |
A. Tax
B. Fee
C. Defence
D. Fines
|
| 8 | Trade cycles can be controlled by: |
A. Fiscal policy
B. Monetary policy
C. Buffer stock schemes
D. All of these
|
| 9 | The revenue collection of government and spending policy is called |
A. Monetary policy
B. Fiscal policy
C. commercial policy
D. Labour policy
|
| 10 | 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
|
Test Questions
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