Question # 1

Trade cycles can be controlled by:

Choose an answer

Fiscal policy

Monetary policy

Buffer stock schemes

All of these

The revenue collection of government and spending policy is called

Choose an answer

Monetary policy

Fiscal policy

commercial policy

Labour policy

Usher is levied on

Choose an answer

Cash amount

Goats and sheep

Trading goods

Agricultural production

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

Choose an answer

Bastable

Armitage Smith

Ricardo

Robbins

Private individuals are not allowed to fullfil their needs

Choose an answer

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 budget period in public finance is

Choose an answer

six months

one year

two years

five years

Zakat can not be given

Choose an answer

to get slaves free

To the collection of zakat

For the construction of Mosque

The converts

If the person has to pay the tax on whom it is levied, then it is called

Choose an answer

Direct tax

Indirect tax

Proportional tax

Progressive tax

Because of indirect taxes, prices

Choose an answer

Decrease

Remain constant

Increase

Do not change

During depression, a government prepares budget which is

Choose an answer

Balanced

Surplus

Deficit

Unbalanced

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

Choose an answer

5%

10%

15%

20%

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

Choose an answer

Tax

Fee

Defence

Fines

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

Choose an answer

Multiplier

Accelerator

MEC

Both a and b

Indirect taxes become cause of

Choose an answer

Increase in prices

Decrease in prices

Stability of prices

Change in prices

Meteorological theory of trade cycle was presented by:

Choose an answer

Joseph Schumpeter

Habson Foster

Jevons

Hawtray

At last, indirect tax is paid by

Choose an answer

Shopkeeper

Entrepreneur

Customer

Whole-seller

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer