Question # 1

Branches of public finance are

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Two

Three

Four

Five

If the rate of tax does not change with decrease or increase in the level of income, is called

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Proportional tax

Progressive tax

Regressive tax

value added tax

Annual rate of Zakat on cash and trading goods is

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2.0%

2,5%

3.0%

3.5%

The average duration of trade cycle is:

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Five years

Fifty years

Twenty years

Ten years

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

Zakat means

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Growth

Purification

Tax

Both 1st and 2nd

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

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

Which one of the following public expenditures is related to transport

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Police

Defence

Railway

Public education

The main source of the public revenue is

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Fee

Tax

Fines

Gifts and aid

"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

Zakat is part of the present income

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20th

30th

40th

50th

The tax which is levied on the sale of goods is called

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Income tax

Property tax

Gift tax

Sales tax

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

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

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Multiplier

Accelrator

MEC

Both a and b

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