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12th Class Principles of Economics Chapter 6 Test

12th class I.Com Part 2 Principles of Economics chapter 6 Online MCQs test with answers for Principles of Economics


I.Com Part 2 Principles of Economics
Chapter 6 Test

Start Chapter 6 Test

I.Com Part 2 Principles of Economics Chapter Wise Test
(English Medium)

12th class I.Com Part 2 Principles of Economics chapter 6 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 This is NOT a principle of taxation.
  • A. Principle of equality
  • B. Principle of morality
  • C. Principal of secrecy
  • D. Principal of economy
2 Govt. taxation and spending policies are called
  • A. Monetary policy
  • B. Fiscal policy
  • C. Commercial policy
  • D. Finance policy
3 Government fiance is called
  • A. National finance
  • B. Public finance
  • C. Official fiance
  • D. Final fiance
4 To bring equitable distribution of income in the country, taxes should be
  • A. Direct
  • B. Indirect
  • C. Proportional
  • D. Progressive
5 The government can collect funds from.
  • A. Taxes
  • B. Fees
  • C. Prices of public goods
  • D. All the three
6 Govt.prepares its budget
  • A. Weekly
  • B. Monthly
  • C. quarterly
  • D. annually
7 Which is a monetary measure to increase employment
  • A. Increase in govt expenditure
  • B. Reduce govt expenditure
  • C. Increase in interest rate
  • D. Reducing interest rate
8 The taxing and spending policies are called
  • A. fiscal policy
  • B. Public policy
  • C. Monetary policy
  • D. economic policy
9 The direct tax is that which
  • A. Is paid by the person on whom it is levied
  • B. Can be directly deposited in the bank
  • C. Can not be evaded
  • D. Heavy burden on the tax payers
10 Acting as lender of last resort, a central bank lends to
  • A. Money markets
  • B. Stock exchange
  • C. Commercial banks
  • D. Does not lend

Top Scorers of Icom Part 2 Principles of Economics Chapter 6 English Medium Online Test

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Lahore03 - Jun - 2022

6/10
02 Mins 13 Sec

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