Question # 1

Kinds of public expenditures are

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Two

Three

Four

Five

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

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Direct tax

Indirect tax

Proportional tax

Progressive tax

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

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Depression

Recovery

Recession

Boom

One of the following is not included in the public expenditures

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Courts

Fee

Public administration

Defence

Private individuals can get loan from

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Their relatives, friends and domestic financial institutions

Foreign financial agencies

Foreign government

International financial institutions

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

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Tax

Fee

Defence

Fines

Theory of innovations was presented by:

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Joseph Schumpeter

Habson Foster

Jevons

J.R Hicks

Phases of trade cycle are:

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Three

Four

Five

Six

Total number of canons of taxation stated by different economists is

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Seven

Nine

Eleven

Twelve

The percentage part of the agricultural produce is payable as Zakat which is irrigated by natural water

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5%

10%

15%

20%

Payment of zakat is compulsory for ----------- living in Islamic Country

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Every person

Every Muslim

Only Poor Muslim

Only Sahib-e-Nisab Muslim

A good thing in private finance

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Expenditures are equal to income

Expenditure are more than income

Income is more than expenditures

a and b both

Which one of the following public expenditures is related to transport

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Police

Defence

Railway

Public education

Meteorological theory of trade cycle was presented by:

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Joseph Schumpeter

Habson Foster

Jevons

Hawtray

Over investment and over saving theory was given by:

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Joseph Schumpeter

Habson Foster

Jevons

Hawtray

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

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

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