Question # 1

Oneof he following is NOT a feature of private finance.

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Balancing of incoem and expenditure

Secrecy

Publicity

Saving some part of income

Progressive taxes

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Incereasegovernemnt revenue

Bring equality in distributio nof incomes

Act as panality for rich people

a and b of above

It is direct tax

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Excise tax

Sales tax

Income tax

Custom duty

Which source a private company cannot use?

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A Bank loan

Tax

Selling new shares in stock exchange

Detail finance

Govt. taxatio and spending policieis are called.

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Fiscal policy

Monetary policy

Commercial policy

Finance policy

Which of the followign tax is best example of ability to pay principle of taxes

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excise tax on cigratettes

Highway tolltax

Personal income tax

Proportional sales tax

This is not a Principal of taxation

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Principal of equality

Pricipal of secracy

Principal of adequacy

Principal of convenience

Prograssive taxes

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Are harmful for the economy

Bring equality in distributio of income

Compel rich people to be honest

Decrease evasion of taxes

The Government can colect funds from

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Taxes

Fees

Prices of public goods

All the three

Whom of the followng propounded principles of taxation

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Keynes

Adam Smith

Marshall

Ghazali

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Icom Part 2 Principles of Economics Chapter 6 English Medium Online Test MCQs With Answers

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