12th class Economics chapter 6 online mcq test with answers for ICS part 2 Economics chapter 6 (Central Bank)

Question # 1

Oneof he following is NOT a feature of private finance.

Balancing of incoem and expenditure A
Secrecy B
Publicity C
Saving some part of income D

Question # 2

InPakistan government budget is prepared by

National Assembly A
Presidnet of Pakistan B
Ministry of Finance C
State Bank of Pakistan D

Question # 3

Govt. taxatio and spending policieis are called.

Fiscal policy A
Monetary policy B
Commercial policy C
Finance policy D

Question # 4

Whom of the followng propounded principles of taxation

Keynes A
Adam Smith B
Marshall C
Ghazali D

Question # 5

It is direct tax

Excise tax A
Sales tax B
Income tax C
Custom duty D

Question # 6

Govt.taxing and spending policies are called.

Fiscal policy A
Public policy B
Monetary Policy C
Economic policy D

Question # 7

Prograssive taxes

Are harmful for the economy A
Bring equality in distributio of income B
Compel rich people to be honest C
Decrease evasion of taxes D

Question # 8

Progressive taxes

Incereasegovernemnt revenue A
Bring equality in distributio nof incomes B
Act as panality for rich people C
a and b of above D

Question # 9

In Pakistan, taxes are leived by

Prime Minister of Pakistan A
President of Pakistan B
Federal cabinet of ministers C
National Assembly D

Question # 10

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

excise tax on cigratettes A
Highway tolltax B
Personal income tax C
Proportional sales tax D

Question # 11

Taxes on commodities are

Direct taxes A
Indirect Taxes B
Progressive taxes C
Propotional taxes D

Question # 12

Which source a private company cannot use?

A Bank loan A
Tax B
Selling new shares in stock exchange C
Detail finance D

Question # 13

Govt. prepares its budget

Weekly A
Montly B
Quarterly C
Annually D

Question # 14

The most important source of income of a government is.

Foreign loans A
Printing of New money B
Sale of government property C
Taxes D

Question # 15

In Pakistan Income tax is

Progressive tax A
Regressive tax B
Proportional tax C
Fixed tax D

Question # 16

This is not a Principal of taxation

Principal of equality A
Pricipal of secracy B
Principal of adequacy C
Principal of convenience D

Question # 17

Which one of the NOT a principle of taxation

Principle of equality A
Pricniple of morality B
Principleof certainty C
Principle of diversity D

Sr.#	Question	Answer
1	In Pakistan Income tax is	A. Progressive tax B. Regressive tax C. Proportional tax D. Fixed tax
2	It is direct tax	A. Excise tax B. Sales tax C. Income tax D. Custom duty
3	Which source a private company cannot use?	A. A Bank loan B. Tax C. Selling new shares in stock exchange D. Detail finance
4	In Pakistan, taxes are leived by	A. Prime Minister of Pakistan B. President of Pakistan C. Federal cabinet of ministers D. National Assembly
5	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
6	The most important source of income of a goernemnt is.	A. Foreign loans B. Taxes C. Printing of new money D. Sale of governemnt property
7	The Government can colect funds from	A. Taxes B. Fees C. Prices of public goods D. All the three
8	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
9	InPakistan government budget is prepared by	A. National Assembly B. Presidnet of Pakistan C. Ministry of Finance D. State Bank of Pakistan
10	Which one of the NOT a principle of taxation	A. Principle of equality B. Pricniple of morality C. Principleof certainty D. Principle of diversity

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

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

ICS Part 2 Economics English Medium Chapter Wise MCQ's Test

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

ICS Part 2 Economics English Medium Chapter 6 Online Test

Oneof he following is NOT a feature of private finance.

InPakistan government budget is prepared by

Govt. taxatio and spending policieis are called.

Whom of the followng propounded principles of taxation

It is direct tax

Govt.taxing and spending policies are called.

Prograssive taxes

Progressive taxes

In Pakistan, taxes are leived by

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

Taxes on commodities are

Which source a private company cannot use?

Govt. prepares its budget

The most important source of income of a government is.

In Pakistan Income tax is

This is not a Principal of taxation

Which one of the NOT a principle of taxation

Prepare Complete Set Wise Chapter 0 "ICS Part 2 Economics English Medium Chapter 6 Online Test" MCQs Online With Answers

Set 1

Set 2

Topic Test

ICS Part 2 Economics English Medium Chapter 6 Test

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 6 Online Test" MCQ`s Test

ICS Part II Economics Chapter 0 Important MCQ's

Test Questions

Is this page helpful?

Share your comments & questions here