2nd Year Economics Chapter 6 Online MCQ Test for 12th Class Economics Chapter 6 (Central Bank)

ICS Part 2 Economics English Medium Chapter 6 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 6 Online Test"

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ICS Part 2 Economics English Medium Chapter 6 Online Test

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Question # 1

Oneof he following is NOT a feature of private finance.

Question # 2

The Government can colect funds from

Question # 3

The most important source of income of a goernemnt is.

Question # 4

Prograssive taxes

Question # 5

InPakistan government budget is prepared by

Question # 6

The most important source of income of a government is.

Question # 7

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

Question # 8

Govt.taxing and spending policies are called.

Question # 9

Govt. prepares its budget

Question # 10

Whom of the followng propounded principles of taxation

Question # 11

Which source a private company cannot use?

Question # 12

It is direct tax

Question # 13

Governmet finance is called.

Question # 14

Govt. taxatio and spending policieis are called.

Question # 15

Which one of the NOT a principle of taxation

Question # 16

In Pakistan, taxes are leived by

Question # 17

Taxes on commodities are

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ICS Part 2 Economics English Medium Chapter 6 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 The Government can colect funds from
A. Taxes
B. Fees
C. Prices of public goods
D. All the three
2 Progressive taxes
A. Incereasegovernemnt revenue
B. Bring equality in distributio nof incomes
C. Act as panality for rich people
D. a and b of above
3 Which one of the NOT a principle of taxation
A. Principle of equality
B. Pricniple of morality
C. Principleof certainty
D. Principle of diversity
4 Prograssive taxes
A. Are harmful for the economy
B. Bring equality in distributio of income
C. Compel rich people to be honest
D. Decrease evasion of taxes
5 Taxes on commodities are
A. Direct taxes
B. Indirect Taxes
C. Progressive taxes
D. Propotional taxes
6 Oneof he following is NOT a feature of private finance.
A. Balancing of incoem and expenditure
B. Secrecy
C. Publicity
D. Saving some part of income
7 It is direct tax
A. Excise tax
B. Sales tax
C. Income tax
D. Custom duty
8 Govt. taxatio and spending policieis are called.
A. Fiscal policy
B. Monetary policy
C. Commercial policy
D. Finance policy
9 Governmet finance is called.
A. National finance
B. Public finance
C. Private finance
D. a and b above
10 Which source a private company cannot use?
A. A Bank loan
B. Tax
C. Selling new shares in stock exchange
D. Detail finance

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