Question # 1

Annual rate of Zakat on cash and trading goods is

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2.0%

2,5%

3.0%

3.5%

Number of beneficiaries of Zakat is stated in the holy Quran

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Five

Seven

Eight

Nine

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

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Surplus budget

Deficit budget

Development budget

Balanced budget

Which one of the following public expenditures is related to transport

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Police

Defence

Railway

Public education

Total number of canons of taxation stated by different economists is

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Seven

Nine

Eleven

Twelve

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

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5%

10%

15%

20%

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

If everybody pays tax according to his financial position, it is said

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canon of convenience

canon of Equality

canon of Economy

canon of simplicity

Government estimates its income and expenditures

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Monthly

Three monthly

Six monthly

Annual

Usher is levied on

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Cash amount

Goats and sheep

Trading goods

Agricultural production

Kinds of public expenditures are

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Two

Three

Four

Five

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 interaction of multiplier and accelerator is known as:

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Innovation theory

Modern theory

Psychological theory

Over investment theory

Zakat means

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Growth

Purification

Tax

Both 1st and 2nd

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

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

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