Question # 1

What type of nature of Zakat is

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Fixed

Non fixed

Elastic

Changes along with the change in income

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

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5%

10%

15%

20%

One of the following is not included in the public expenditures

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Courts

Fee

Public administration

Defence

A good thing in public finance

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Expenditures are more than income

Income is more than expenditure

Income is equal to expenditure

b and c both

Branches of public finance are

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Two

Three

Four

Five

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%

The budget period in public finance is

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six months

one year

two years

five years

To the name of which economist, canons of taxation are attributed

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Adam smith

Robbins

Pigou

Keynes

Number of beneficiaries of Zakat is stated in the holy Quran

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Five

Seven

Eight

Nine

In which year international monetary fund was established:

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1941

1944

1945

1947

Zakat means

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Growth

Purification

Tax

Both 1st and 2nd

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

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

Annual rate of Zakat on cash and trading goods is

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2.0%

2,5%

3.0%

3.5%

Wealth tax, income tax, property tax etc are

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Direct taxes

Indirect taxes

Proportional taxes

Progressive taxes

Which one of the following is indirect tax

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Income tax

Property tax

Wealth tax

Sales tax

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

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