Question # 1

The expected rate of profit from a business is known as:

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Multiplier

Accelerator

Marginal efficiency of capital

Both a and b

The percentage part of the agricultural produce is payable as Zakat which is irrigated by artificial sources

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5%

10%

15%

20%

In which year international monetary fund was established:

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1941

1944

1945

1947

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%

During boom, a government prepares budget which is

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Balanced

Surplus

Deficit

Unbalanced

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

"The study of nature and principles of government expenditures and revenue is called public finance"
This definition is stated by

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Bastable

Armitage Smith

Ricardo

Robbins

Wealth tax, income tax, property tax etc are

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Direct taxes

Indirect taxes

Proportional taxes

Progressive taxes

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

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

During depression, a government prepares budget which is

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Balanced

Surplus

Deficit

Unbalanced

Which one of the following is indirect tax

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Income tax

Property tax

Wealth tax

Sales tax

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

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

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Multiplier

Accelerator

MEC

Both a and b

Kinds of public expenditures are

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Two

Three

Four

Five

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

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