Question # 1

One of the following is not included in the sources of public revenue

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Tax

Fee

Defence

Fines

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

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Surplus budget

Deficit budget

Balanced budget

Capital budget

Trade cycles can be controlled by:

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Fiscal policy

Monetary policy

Buffer stock schemes

All of these

Surplus budget for the government is considered

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Useful

Harmful

Useful & harmful

None of three

Number of beneficiaries of Zakat is stated in the holy Quran

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Five

Seven

Eight

Nine

Which one of the following public expenditures is related to transport

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Police

Defence

Railway

Public education

The ratio of change in income to change in investment is known as:

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Multiplier

Accelrator

MEC

Both a and b

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

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Surplus budget

Deficit budget

Balanced budget

Capital budget

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

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Surplus budget

Deficit budget

Development budget

Balanced budget

If every person pays tax according to his capacity, it is called

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Canon of certainly

Canon of equality

Canon of productivity

Canon of convenience

In private finance the individuals estimate their income and expenditures

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Daily

Weekly

Monthly

Yearly

If the income and expenditures of the government are equal, such budget is called

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Surplus budget

Deficit budget

Balanced budget

Capital budget

Private individuals are not allowed to fullfil their needs

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To get loans from the friends

To get financial help from the relatives

To get loans from the domestic financial institutions

To print notes

Modern theory trade cycle was presented by:

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Hawtrey

Habson Foster

Jevons

J.R Hicks

The percentage part of the mineral production is payable as Zakat on private owners of minerals

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5%

10%

15%

20%

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Principles of Economics Icom Part 1 English Medium Chapter 13 Online Test MCQs With Answers

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