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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
Meteorological theory of trade cycle was presented by:
Question # 2
The expected rate of profit from a business is known as:
Question # 3
If the person has to pay the tax on whom it is levied, then it is called
Question # 4
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
Question # 5
The revenue collection of government and spending policy is called
Question # 6
What type of nature of Zakat is
Question # 7
Theory of innovations was presented by:
Question # 8
A good thing in private finance
Question # 9
Usher is levied on
Question # 10
Branches of public finance are
Question # 11
Payment of zakat is compulsory for ----------- living in Islamic Country
Question # 12
If the rate of tax does not change with decrease or increase in the level of income, is called
Question # 13
The tax whose burden can be shifted to the customers, is called
Question # 14
On which amount Zakat is payable
Question # 15
Over investment and over saving theory was given by:
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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H Hamza 01 - Jul - 2021 04 Min 51 Sec 14/15 -
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H hamza abid 18 - Aug - 2021 10 Min 50 Sec 14/15 -
A Arzoo Qaiser 30 - Jan - 2026 01 Min 42 Sec 13/15 -
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S Subtain Ahmed Raza 22 - Jul - 2023 02 Min 22 Sec 12/15 -
E ekta 07 - Aug - 2021 01 Min 50 Sec 11/15 -
H Hira 02 - Dec - 2018 01 Min 54 Sec 11/15 -
N Naveera 03 - Jun - 2021 02 Min 07 Sec 11/15 -
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 | Indirect taxes become cause of |
A. Increase in prices
B. Decrease in prices
C. Stability of prices
D. Change in prices
|
| 2 | The rate of usher on product of canal land is |
A. 5%
B. 10%
C. 20%
D. 2.5%
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| 3 | If income of government is more than its expenditures, then it is a |
A. Surplus budget
B. Deficit budget
C. Development budget
D. Balanced budget
|
| 4 | Meteorological theory of trade cycle was presented by: |
A. Joseph Schumpeter
B. Habson Foster
C. Jevons
D. Hawtray
|
| 5 | Annual rate of Zakat on cash and trading goods is |
A. 2.0%
B. 2,5%
C. 3.0%
D. 3.5%
|
| 6 | Income and employment are at peak level during: |
A. Recovery
B. Boom
C. Depression
D. Recession
|
| 7 | Which one of the following stated the canons of taxation first |
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
|
| 8 | Modern theory trade cycle was presented by: |
A. Hawtrey
B. Habson Foster
C. Jevons
D. J.R Hicks
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| 9 | Wealth tax, income tax, property tax etc are |
A. Direct taxes
B. Indirect taxes
C. Proportional taxes
D. Progressive taxes
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| 10 | One of the following is not included in the sources of public revenue |
A. Tax
B. Fee
C. Defence
D. Fines
|
Test Questions